Rockefeller Hires Former First Republic Recruiter Brian Riley
Rockefeller Capital Management has hired Brian D. Riley, a former First Republic recruiter who had deep roots at Merrill Lynch, to run its San Francisco office, according to several sources.
Riley will start as division director for the Pacific Northwest on April 6, a Rockefeller spokeswoman confirmed.
Neither Riley nor Grosso could be reached for comment. Grosso’s registration with Rockefeller terminated on March 23, according to his BrokerCheck record. Riley registered with Rockefeller on Wednesday, according to regulatory records.
Rockefeller has extended its business in the past two-and-a-half years from a New York-based family office into a national wealth management firm under Greg Fleming, a former Merrill Lynch president and head of wealth management at Morgan Stanley. Fleming has seeded the recapitalized Rockefeller with managers and executives from his former firms.
They include Chris Dupuy, who joined Rockefeller last year and is “national field director” of its wealth business. Dupuy left Merrill after 26 years in 2014 when he was head of all of its wealth businesses in the Pacific Northwest, which includes San Francisco.
Riley managed Merrill’s private banking and investment group for ultra-high-net-worth investors in the Northwest under Dupuy. He left for First Republic in 2015 after 19 years with Merrill.
“We are excited to have a leader of Brian’s caliber and experience joining us to lead our growth and expansion efforts in San Francisco and the Pacific Northwest,” Dupuy said in a statement.
Rockefeller has hired 25 teams in the past two years primarily in its home base in New York, Atlanta and Los Angeles. Two were hired to work under Grosso in San Francisco—Bruce Tenenbaum, a $4-million producer at UBS who joined Rockefeller last May, and the $300 million Wells Fargo Advisors team of Abbas Khoshnevissan and Ulku Grosso, who is Anthony Grosso’s wife.
—Jed Horowitz contributed to this story.