The head of a prominent family office and wealth-planning business owned by Goldman Sachs has left the company to join Rockefeller Capital Management.
Timothy O’Hara, who spent more than 20 years at Ayco, including the past five as president and CEO, will join the Rockefeller multifamily office as president starting May 2. He will also be a part of Rockefeller Capital Management's executive team.
O’Hara will lead a team of advisors and planning experts who work with ultra-high-net-worth families, typically defined as those with a net worth of at least $30 million.
The leadership team Rockefeller President and CEO Greg Fleming recruited to the firm is part of what attracted O’Hara.
“Combining the institutional knowledge of the multifamily office with the complementary capabilities found in private wealth management, asset management and strategic advisory allows us to meet the broad needs of clients and command a unique position in the market," O'Hara said in a statement.
The multifamily office that O’Hara will lead and the private wealth management group, headed by former Morgan Stanley executive Christopher Randazzo, form the Rockefeller Global Family Office.
Along with executives, Rockefeller has proved to be an attractive place for financial advisors. Among others recently, a group of former Merrill Lynch advisors in Atlanta joined a pair from UBS managing $2.2 billion that opened a Rockefeller office in Georgia's capital in December.