Former Merrill Executive Dupuy to Join Greg Fleming at Rockefeller Capital
After months of recruiting former Morgan Stanley colleagues to fill his management bench at Rockefeller Capital Management, Greg Fleming is summoning expertise from another wirehouse to help build the recapitalized multi-family wealth office.
Chris Dupuy, who worked at Merrill Lynch Wealth Management for 26 years before leaving as head of its Pacific Northwest division in 2014, will join New York-based Rockefeller in a senior operational role but remain based in San Francisco. Fleming has led the company, formerly known as Rockefeller & Co., since the beginning of the year.
Dupuy resigned this month from Focus Financial, a rollup of registered investment advisor practices that went public in July and that he had joined after leaving Merrill four years ago. He was president of Focus Independence, a unit set up to attract break-away wirehouse brokers eager to start independent advisory practices. In March, a Merrill team in Savannah, Ga., joined Focus.
Fleming, who was head of Morgan Stanley Wealth Management Morgan Stanley from 2010 to early 2016 as it was doubling in size following the acquisition of Smith Barney, has leaned heavily on his old connections as he re-invents the Rockefeller family office and trust company with capital provided by hedge fund firm Viking Global Investors.
Michael Outlaw, a Morgan Stanley veteran who was most recently running an Atlanta complex and its Southeast private banking offices, will be joining Rockefeller this fall to head East Coast recruiting. Chris Randazzo, Morgan Stanley Wealth’s former technology chief and a friend of Dupuy, joined the expanding family office as head of wealth management in March after Fleming had recruited several administrative, financial and product managers from his former firm.
Dupuy’s plans to join Rockefeller were reported earlier by “RIABiz,” a newsletter about the registered investment advisory business.
A spokeswoman for Rockefeller declined to comment on Dupuy.
Fleming spent more than 15 years as a financial institutions investment banker at Merrill, and served a brief stint during the financial crisis as president of the company before joining his former Merrill colleague James Gorman at Morgan Stanley.