Key Takeaways
- • Lee Fixel, head of Tiger Global Management's $13 billion private equity business, is departing on June 30, 2019, after 13 years with the firm to actively invest his own capital and potentially launch his own investment company.
- • Scott Shleifer, who oversees Tiger Global's $30 billion-plus private equity operation, is stepping down from his private equity leadership role at the same firm, signaling significant organizational restructuring at the $58 billion alternative asset manager.
- • Feroz Dewan, a 12-year partner at Tiger Global, is also leaving at the end of June 2019 and plans to establish his own firm, representing a coordinated departure of multiple senior investment professionals.
- • Casey Clark has joined Rockefeller Capital Management as head of ESG investments, a newly created position reporting to Chief Investment Officer David Harris, reflecting institutional demand for sophisticated environmental, social, and governance investment frameworks.
- • Standard Life Aberdeen's board dissolved its dual co-chief executive structure effective March 13, 2019, appointing Keith Skeoch as sole CEO while Martin Gilbert assumes vice chairman role, with Stephanie Bruce joining as CFO on June 1.
Summary
Tiger Global Management is experiencing significant leadership transitions across its private equity division, with multiple senior partners announcing departures scheduled for June 30, 2019. Lee Fixel, the firm's private equity head managing a $13 billion business, is exiting after 13 years to actively deploy his own capital and potentially establish an independent investment firm. Simultaneously, Scott Shleifer, who oversees Tiger Global's substantially larger $30 billion-plus private equity operation, is stepping down from his leadership role. Feroz Dewan, a 12-year veteran partner at the firm, is also departing at mid-year with plans to launch his own investment firm.
The coordinated timing of these departures signals deliberate organizational restructuring at Chase Coleman's $58 billion hedge fund firm. Tiger Global's decision to communicate these changes to clients and employees reflects standard institutional practice for managing senior leadership transitions in the alternative investment industry, though the staggered nature—with multiple senior figures leaving simultaneously—suggests potential strategic repositioning within the firm's private equity operations.
In parallel institutional developments, Rockefeller Capital Management has created a new head of ESG investments position and appointed Casey Clark to the role. Clark previously served as managing director and director of sustainable and impact investing at Glenmede, where he built the firm's sustainable and impact investing platform. David Harris, Chief Investment Officer and President of Rockefeller Asset Management, cited growing institutional and intermediary client demand for sophisticated ESG analysis and engagement frameworks as rationale for the new position.
Standard Life Aberdeen announced board restructuring effective March 13, 2019, dissolving its co-CEO structure and appointing Keith Skeoch as sole chief executive officer. Martin Gilbert transitioned to vice chairman and chairman of Aberdeen Standard Investments while maintaining executive director status. The board also approved the retirement of Bill Rattray after 34 years with the group, with Stephanie Bruce succeeding him as Chief Financial Officer and executive director on June 1, 2019.
The coordinated timing of these departures signals deliberate organizational restructuring at Chase Coleman's $58 billion hedge fund firm. Tiger Global's decision to communicate these changes to clients and employees reflects standard institutional practice for managing senior leadership transitions in the alternative investment industry, though the staggered nature—with multiple senior figures leaving simultaneously—suggests potential strategic repositioning within the firm's private equity operations.
In parallel institutional developments, Rockefeller Capital Management has created a new head of ESG investments position and appointed Casey Clark to the role. Clark previously served as managing director and director of sustainable and impact investing at Glenmede, where he built the firm's sustainable and impact investing platform. David Harris, Chief Investment Officer and President of Rockefeller Asset Management, cited growing institutional and intermediary client demand for sophisticated ESG analysis and engagement frameworks as rationale for the new position.
Standard Life Aberdeen announced board restructuring effective March 13, 2019, dissolving its co-CEO structure and appointing Keith Skeoch as sole chief executive officer. Martin Gilbert transitioned to vice chairman and chairman of Aberdeen Standard Investments while maintaining executive director status. The board also approved the retirement of Bill Rattray after 34 years with the group, with Stephanie Bruce succeeding him as Chief Financial Officer and executive director on June 1, 2019.
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