Mindy Diamond Quoted – By Mason Braswell, AdvisorHub – In his latest invasion of Morgan Stanley Wealth Management’s management suite, the firm’s former president Greg Fleming has tapped its former high-net-worth lending head Michael Brakey to put together a credit and banking business for his new venture at Rockefeller Capital Management. “The non-Protocol status makes a move more complicated, but won’t be prohibitive,” said Mindy Diamond, of recruiting firm Diamond Consultants. “The [Rockefeller] name alone is sexy and Greg Fleming’s reputation and the Morgan Stanley leadership he is bringing over will get people to the table.”
Recruiters salivate as Greg Fleming completes marriage to Rockefeller & Co. to fill ‘HighTower’ void but now begins the wait for a business model
Louis Diamond Quoted – By James Picerno, RIABiz – It’s the most ambitious roll-up startup and Wall Street takedown play since Elliot Weissbluth unleashed HighTower Advisors LLC 11 years ago — if a yesteryear wirehouse chief overhauling a living fossil of a firm with a mountain of capital, fresh and dusty, can be labeled in that way, observers say on and off the record.
Mindy Diamond Quoted – By Danielle Verbrigghe, FundFire – Morgan Stanley has named a new head of wealth management technology as a top tech exec has joined several high-profile former colleagues at Rockefeller Capital Management. The exit of several big European private banks, including Barclays, Deutsche Bank and Credit Suisse from the U.S. brokerage business has opened a gap in the market for high-end wealth management boutiques, says recruiter Mindy Diamond, president and founder of Diamond Consultants, who has done work for or engaged in conversations with both Morgan Stanley and Rockefeller.
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