Rockefeller & Co. Names James S. McDonald President, Chief Executive Officer.
NEW YORK--(BUSINESS WIRE)--Dec. 12, 2000
Abby M. O'Neill, chairman, and William L. Asmundson, president and chief executive officer, of Rockefeller & Co., today announced that its Board of Directors named James S. McDonald to succeed Mr. Asmundson as president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Rockefeller & Co. manages the investments and affairs of the Rockefeller Family The Rockefeller family, the family of John D. Rockefeller (1839-1937) ("Senior") and his brother William Rockefeller (1841-1922), is an American industrial, banking, philanthropic, and political family of German American origin that made the world's largest private fortune in the as well as other wealthy families and institutions.
Mr. McDonald is currently president and chief executive officer of Pell, Rudman & Co., Inc., a major wealth management company in Boston, MA., which specializes in managing assets for high net worth individuals, families and selected institutional clients.
In announcing Mr. McDonald's appointment, Mrs. O'Neill said, "Jim McDonald Jim McDonald can refer to:
Mr. Asmundson said, "Jim's track record in building client relationships, particularly in the context of affluent families, will be especially valuable in helping Rockefeller & Co. expand its leadership in this area."
Mr. McDonald said, "Rockefeller & Co. has established a strong platform under Bill's leadership. I am looking forward to building on this base, adding to the professional team and capitalizing on one of the most respected names in the worlds of investment, philanthropy philanthropy, the spirit of active goodwill toward others as demonstrated in efforts to promote their welfare. The term is often used interchangeably with charity. and wealth management."
James S. McDonald
Mr. McDonald joined Pell Rudman in 1986 to lead the firm's development of trust capabilities. In 1988, he was named president of Boston Harbor Trust Company, N.A., predecessor of Pell Rudman Trust Company, N.A. In 1993, he was named chief operating officer Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Pell Rudman, and five years later, he was named the company's CEO.
Prior to joining Pell Rudman, Mr. McDonald was a partner with the Boston law firm of Choate, Hall & Stewart, which he joined in 1977.
Mr. McDonald received the J.D. degree in 1977 from the University of Virginia and the A.B. degree in 1974 from Harvard College Harvard College is the undergraduate section and oldest school of Harvard University, founded in 1636 by the Massachusetts Legislature. The College is instructed by the Faculty of Arts and Sciences, which also instructs the Harvard Graduate School of Arts and Sciences. .
Rockefeller & Co.
Rockefeller & Co. was founded in 1979 by Laurance S Laurance is a surname or given name, and may refer to:
(born June 12, 1915, New York, N.Y., U.S.) U.S. banker and philanthropist. He was the grandson of John D. Rockefeller and brother of Nelson Rockefeller. After earning a Ph.D. Rockefeller and the widows of John D. Rockefeller 3rd and Nelson A. Rockefeller, as successor to the family office founded by John D. Rockefeller in 1882. The firm manages assets for individual Rockefeller family members, foundations, endowments and other prominent U.S. and international families.
The firm's expertise encompasses U.S. international global publicly traded equities, both large and small capitalization, and access to alternative investments, including venture capital. Rockefeller & Co. also provides asset allocation Asset Allocation
The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. and a broad range of financial counseling services.
Mr. Asmundson has served as Rockefeller & Co. CEO since 1998. He joined Rockefeller & Co. in 1984 as an investment manager, after serving as executive vice president of Rothschild Asset Management for nine years. Under his leadership, Rockefeller & Co. has grown to more than $5 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Mr. Asmundson has agreed to become vice chairman and remain on the Rockefeller & Co. Board of Directors.