Rockefeller Capital Management is aiming to double its assets under management to about $200bn in three to five years as it expands into new U.S. cities and hires more wealth managers, its chief executive officer said.
“We’re looking to have a physical presence in most of the major wealth centers in the United States,” Gregory Fleming told Reuters in an interview. Its business now spans 40 offices with over $90 billion under management, growing from three offices and $18 billion in assets in 2018.
Investor demand is still firm despite bouts of illiquidity in the $23 trillion U.S. Treasury market, Fleming said.
Read more: Reuters
