Another Morgan Stanley Exec Heads to Rockefeller
Christopher Randazzo, previously the chief information officer for global wealth management and investment management at Morgan Stanley, is joining Rockefeller as its head of wealth management and head of technology and operations, according to the press release. Randazzo will also sit on Rockefeller’s executive committee, the company says.
Fleming joined Rockefeller as its president and CEO last year after leaving his post as president of Morgan Stanley in January 2016. Fleming and Randazzo have also held senior executive roles at Merrill Lynch. Fleming served as the company’s president before joining Morgan Stanley, while Randazzo served as its chief information officer, according to the press release from Rockefeller.
Rockefeller has brought on other senior executives from Morgan Stanley since Fleming’s arrival, FA-IQ sister publication FundFire writes. These include Ed Moriarty, now Rockefeller’s CFO and head of risk, and Harry Singh, its chief operating officer, according to the publication.
Rockefeller currently has around $18.3 billion in assets under advisement, but Fleming plans to bring that up to $100 billion over the next five years by expanding Rockefeller’s focus beyond the family office and ultra high net worth wealth and asset management arena, FundFire writes. This includes plans to build out another financial advisor channel, which will involve luring reps from wirehouses and other large brokerages, according to the publication.
Morgan Stanley, meanwhile, has named Sal Cucchiara as head of wealth management technology, according to a memo cited by FundFire. Cuchiara was previously the company’s head of field and client technology and has been with Morgan Stanley since 2016.