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FB Roundup: Josh Liberman backs VC fund, Rockefeller Capital Management’s new chairman, UBS Global Family Office shakeup

March 2, 2022

In this week’s FB Roundup, Josh Liberman's family office backs new tech in Israel; Rockefeller Capital Management appoints a new chairman; and UBS’ Global Family Office is restructured.

Josh Liberman family office backs new tech in Israel

Serial investor Josh Liberman is turning his attention to the rising Israeli technology scene with a partnership between his family office, Josh Liberman Investment Group, and Tel Aviv-based firm 10D.

A member of one of Australia’s wealthiest families, having made their fortune in oil, textiles, retailing and property, Liberman has formed Lumir Ventures to focus on backing Israeli companies.

Rockefeller family abandons oil legacy with fossil fuel divestments

September 22, 2014

The Rockefellers, a family synonymous with oil and wealth in the US, are among a coalition of ultra wealthy investors that have today announced they will divest $50 billion in fossil fuel assets.

The Rockefellers, a family synonymous with oil and wealth in the US, are among a coalition of ultra wealthy investors that have today announced they will divest $50 billion in fossil fuel assets.

The announcement came just one day before the UN Climate Summit opens in New York.

The family is part of the Global Divest-Invest initiative that encourages individuals from all walks of life to divest from fossil fuels and invest in climate solutions.

Rockefeller family's investment firm to build $2.5 billion resort in Vietnam

January 15, 2014

An investment vehicle backed by the multi-billionaire Rockefeller family has reached a $2.5 billion ($1.8 billion) agreement to construct a residential and holiday resort in Vietnam.

An investment vehicle backed by the multi-billionaire Rockefeller family has reached a $2.5 billion ($1.8 billion) agreement to construct a residential and holiday resort in Vietnam.

Rose Rock Group will partner with fuel company Vung Ro Petroleum to build the project in Vung Ro Bay, in Phu Yen province on the south-central coast of Vietnam.

Move over, Dad?

August 7, 2012

It can be hard for founders to let go of their businesses. But if the family firm is going to survive they’ve got to know when the buzz is gone.

The names trip easily off the tongue: Rothschild, Rockefeller, Sainsbury—the world is awash with great business dynasties. And, with one-third of Fortune 500 companies remaining in family hands, what are the best ways of securing the family fortunes through the generations? How can families pursue successful succession strategies?

Rockefeller president dies in apparent suicide

September 16, 2009

According to media reports in the US, James S McDonald, president and chief executive of multi family office and investment management firm Rockefeller & Co, has died after a suicide attempt.

The Associated Press is reporting that the 56-year-old died of "an apparently self-inflicted gunshot wound." He was found in his vehicle on Sunday behind a car dealership in Dartmouth, Massachusetts.

Ford one of several US companies to commit to fight climate change

August 22, 2008

Investors who have been lobbying for some of the US' largest companies to go green are celebrating after a record 57 climate-related shareholder resolutions were filed during the 2008 proxy season.

Investors who have been lobbying for some of the US' largest companies to go green are celebrating after a record 57 climate-related shareholder resolutions were filed during the 2008 proxy season – nearly half of which were withdrawn after the companies agreed to action their climate-related commitments.

Prevalent among these companies was family-owned Ford, which becomes the first US auto company to provide a detailed plan of how it plans to reduce greenhouse gas emissions from its new vehicle fleet by at least 30% over the next 12 years.

Rockefellers and Soc Gen join forces to court family offices

June 18, 2008

Rockefeller Financial Services Inc, the main corporate entity in the Rockefeller family's business empire, has announced an alliance with SG Private Banking.

Rockefeller Financial Services Inc, the main corporate entity in the Rockefeller family's business empire, has announced an alliance with SG Private Banking, the global wealth management arm of France-based bank Societe Generale.

The two companies, who will remain independent, aim to serve the financial needs of ultra high net worth individuals and families offices around the world.

Rockefellers gain support in ExxonMobil governance spat

May 22, 2008

The Rockefeller family has gained support in its cause to split the role of chairman and CEO in ExxonMobil.

The Rockefeller family has gained support in its cause to split the role of chairman and CEO at ExxonMobil. Nineteen institutional investors – including some of ExxonMobil's largest shareowners – are voting next week to urge ExxonMobil to address climate change risks and opportunities and to separate the chairman and CEO positions.

Rockefellers demand ExxonMobile goes green

May 1, 2008

Members of the Rockefeller family have hit out at oil giant ExxonMobile, expressing concern over the direction of the company.

Members of the Rockefeller family have hit out at oil giant ExxonMobile, expressing concern over the direction of the company. The Rockefellers, who are long-term continuous Exxon shareholders, have previously been content to sit on the sidelines.

However the family - descended from John D Rockefeller, the founder of Standard Oil - has now broken its silence. Family members are demanding Exxon increase its use of alternative fuels by investing more in cleaner technology and cutting greenhouse emissions at its plants.

Multi-family offices are the top choice for US UHNWIs

January 22, 2008

Ultra high net worth individuals in the US are more likely to be attracted to multi-family offices than traditional wealth managers, according to new research.

US-based consultancy Cerulli Associates estimates traditional wealth managers have lost up to 3% of their share of UHNW clients to multi-family offices in the past few years.

According to the research, the top multi-family office in the US is Bessemer Trust, a New York-based office with approximately $48.3 billion of assets under management.