Greg Fleming, Ex-Morgan Stanley Wealth Boss, Joins Small B/D
A year after stepping down as head of Morgan Stanley Wealth Management, Greg Fleming has resurfaced at a small New York-based brokerage firm, according to the Financial Industry Regulatory Authority’s BrokerCheck.
Fleming, 53, who signed a separation agreement with Morgan Stanley last January after six years running its investment management and wealth management divisions, registered on Wednesday as a broker with Axiom Capital Management, according to the Financial Industry Regulatory Authority’s BrokerCheck database.
Fleming, who was formally on Morgan Stanley’s payroll until July 6, 2016 and who received $15.3 million of compensation from the company in 2015, declined in an email to elaborate on his role at at the small brokerage firm. Axiom Chairman Liam Dalton in a brief phone conversation declined to discuss Fleming’s arrival.
At various times since his departure, Fleming was reported to have been considered for top management jobs at large money management firms and broker-dealers. The former Merrill Lynch investment banker, who rose to president of Merrill prior to its sale to Bank of America during the financial crisis, recently advised Anthony Scaramucci on the sale of Skybridge Capital so that the hedge fund-of-fund owner could serve as public liaison in the Trump administration.
He also has lectured at Yale Law School, where he received his law degree, according to his LinkedIn profile.
Axiom, which was founded in 1990, provides retail wealth management and small-company banking services, according to its website.
Under terms of his separation agreement with Morgan Stanley, Fleming was not permitted to solicit the firm’s wealth management employees to join him in another venture through January 6, 2017.