Rockefeller Capital Management, a leading financial firm, which is built from the Rockefeller family of 139 years is reshuffling the leadership ranks within its global family office after a long-time executive resigned from their role.
Chris Randazzo, president of private wealth arm of Rockefeller has stepped down from his role due to personal reasons. However, he will work as a special advisor to Rockefeller’s CEO, Greg Fleming.
Randazzo was previously working as the chief information officer at Morgan Stanley and has been with Rockefeller since 2018, when it began 200 employees. It currently employs 800 people.
The national field director of the private wealth unit Christopher Dupuy, has also been promoted to president. He has also been assigned to the position of co-head of the global family office along with Timothy O’Hara who is president of the family office services, a smaller division under the family office group, who will report to Fleming.
O’Hara joined Rockefeller from Goldman Sachs Ayco, while Dupuy joined from Merill Lynch.
Michael Outlaw, a divisional director of private wealth management, was also promoted and assigned to the newly created role of national field director of the global family office. He will be reporting to O’Hara and Dupuy.
The Rockefeller firm has grown and expanded rapidly since its launch in 2018. It oversees more than $85 billion in its family office, asset management, and strategic advisory services, which increased by $69 billion by the end of 2020.
The global family office is known for its aggressive growth, poaching tactics, and large teams due to its arm that houses family office advisory and private wealth.
New Hires for Tech and Ops
Rockefeller also hired Mark Alexander, a former executive at Bank of America Merill Lynch, America, as the head of operations and technology.
Alexander worked at Merill Lynch for 17 years and lead its global operations before it was acquired by the Bank of America in 2009. He spent six years at BAML, where he ran tech and operations for investment management and global wealth, before leaving in 2015.
After, he was employed as the CEO of iCreditWorks, a mobile loans startups for dental services.
Alexander will be reporting to Fleming when joins the firm in January.
Before hiring Alexander, Rockefellers most recent high-profile move was their recruitment of Jim Ratigan of SVB Leerink in early August to strengthen the strategic advisory team’s deal-making.