https://rischgroup.com/wp-content/uploads/2019/03/1_Zu6mcRfBNRhDz0Dvqhq9Fg.jpeg 539 1170 Dick Risch https://rischgroup.com/wp-content/uploads/2019/03/logodraft1-03-300x68.png Dick Risch2019-03-09 19:12:272019-03-09 19:12:35Parker & Armondo Join Rockefeller Capital Management to Help Lead Wealth Management Expansion
Michael Parker, formerly RBC’s wealth management head of recruiting and Michael Armondo, formerly Merrill’s Market Executive in Dallas have joined Rockefeller Capital Management to help build out the firm’s wealth management business.
The Parker and Armondo hires follow on the heels of a flurry of hires over the last year by Fleming and his high powered team as they continue their strategy to turn Rockefeller into a full-fledged investment manager.
Mike Fleming has been laser-focused on growing the firm to a $100B business, and with deep-pocketed Viking Global funding the growth, he has wasted no time. Last fall he acquired Greer Anderson adding a quick $200m in AUM.
Fleming’s investment banking experience is a perfect fit to help build a company via acquisitions. After the Greer deal was announced he said: “We’ll do more acquisitions. I have done a lot of acquisitions my whole career. “
Fleming appeared to be in the running to be the next head of Morgan Stanley, but surprised many last year when he left and joined the Rockefeller business. So far he is leaving no doubt among observers that he is quite capable of both running and building a Wall Street firm.