Rockefeller Capital just reshuffled leadership within its global family office following the resignation of a longtime exec
By Hayley Cuccinello
- Rockefeller has reshuffled its family-office unit following the resignation of a longtime exec.
- Christopher Dupuy and Timothy O’Hara were named co-heads of Rockefeller’s global family office.
- Rockefeller also hired a 24-year Merrill Lynch and Bank of America veteran as its new tech head.
Rockefeller Capital Management, the firm built from the 139-year-old Rockefeller family office, is reshuffling the leadership ranks within its global family office division following the resignation of a long-time executive, Insider has exclusively learned.
Chris Randazzo, president of Rockefeller’s private wealth arm, is stepping down from his role effective immediately due to personal reasons. He will serve as a special advisor to Greg Fleming, Rockefeller’s CEO.
Randazzo, formerly Morgan Stanley’s chief investment officer, has been with Rockefeller since it began with fewer than 200 employees in 2018. The current headcount is 800.
Christopher Dupuy, national field director of the the private wealth unit, has been promoted to president. Dupuy also also been elevated to co-head of the global family office along with Timothy O’Hara, who is also president of family office services, which is a smaller division under the larger family-offices group. Both will report to Fleming.
Dupuy and O’Hara joined Rockefeller from Merrill Lynch and Goldman Sachs Ayco, respectively.
A third promotion in the division included a newly created role. Michael Outlaw, a divisional director within private wealth management, was named Rockefeller’s first national field director for its global family office. He will report to Dupuy and O’Hara.
Rockefeller has expanded rapidly since it launched in 2018, overseeing more than $85 billion across three business segments — family office, asset management, and strategic advisory services — up from $69 billion at the end of 2020.
The global family-office arm houses both family office advisory and private wealth, which has grabbed headlines for its aggressive growth, poaching from rivals to amass 50-plus teams.
A new head of tech and ops
The firm also hired Mark Alexander, a former longtime exec at Bank of America Merrill Lynch, to head operations and technology.
Alexander spent 17 years at Merrill Lynch, leading its global operations before its 2009 acquisition by Bank of America. He spent more than six years at BAML, running tech and operations for global wealth and investment management and then global markets before leaving in 2015.
He was most recently CEO at iCreditWorks, a mobile loans startup for dental services.
Alexander will report to Fleming, also a Merrill Lynch and Morgan Stanley veteran, when he joins Rockefeller in January.
Before Alexander’s hire, Rockefeller’s most recent high-profile move was recruiting Jim Ratigan of SVB Seerlink in early August to its strengthen the strategic advisory team’s dealmaking prowess.