This is Masters in Business with Barry Rittoltz on Bloomberg Radio.

This week on the podcast, I have an extra special guest.

His name is Greg Fleming and he is currently the CEO of Rockefeller Capital Management.

Formerly the family office of the famous Rockefeller family fortune, Greg is one of these people

that a lot of folks who are not in the industry may not know his name, but he's been instrumental

in shaping a really shaping Wall Street.

He's done a number of incredible deals that starting out with Black Rock and the purchase

of Merrill Lynch's wealth management sides or asset management side, that was really quite

a fascinating deal that allowed what was essentially in-house Merrill Lynch assets to be sold

to anybody who wanted to buy them.

You can imagine prior to that transaction why people at other firms, let's say UBS or Morgan

Stanley, wouldn't want to buy a Merrill Lynch product.

Once it went to an outside party like Black Rock, that change to the dynamic and eventually

led to Black Rock becoming an $8 trillion asset manager.

He also was instrumental in the sale of Merrill Lynch itself to Bank America in the midst

of the financial crisis.

He has been an advisor on a number of other deals to numerous to mention.

Most recently the sale of the Miami Marlins to a group led by Derek Jeter, who he's been

working with and has known both personally and professionally for decades.

This is really a fascinating conversation with someone who is as knowledgeable of the

business of investment banking and wealth management and financial planning as really

anybody in the world.

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