Rockefeller Capital Management, a firm with a storied name and ambitious growth plans, recruited a FINRA executive to oversee compliance efforts at its broker-dealer unit, the company said.
Michael Solomon will provide legal advice, address regulatory examinations and inquiries, and enhance company compliance and surveillance systems, according to his new employer.
This move is part of Rockefeller’s recent hiring spree, an effort intended to build out its
“We are building a world-class broker-dealer, and that requires a world-class legal and compliance team,” Gregory Fleming, CEO of Rockefeller Capital Management, said in a statement. Fleming is a former Morgan Stanley and Merrill Lynch executive.
Solomon most recently served as senior regional director of FINRA’s Northeastern offices, and held several positions at the regulator throughout a seven year tenure. He oversaw a staff of 350 people, according to Rockefeller. Prior to joining FINRA, Solomon served as general counsel for litigation, regulatory and employment law at Jefferies & Co., an investment bank.
Solomon will report to Jon Eisenberg, the general counsel of Rockefeller Capital Management, the company says.
Representatives from FINRA did not commented on Solomon’s departure.
William St. Louis has since been promoted to replace Solomon as head of FINRA’s Northeast Region. St. Louis was previously a district director based in New York.
Rockefeller currently has offices in five locations: New York, Atlanta, Boston, Washington, Salt Lake City, and Wilmington, Delaware.
