James S. McDonald, head of investment-management firm Rockefeller & Co. and a board member of NYSE Euronext, died on Sunday in Massachusetts, according to people familiar with the matter. He was 56 years old.
In a statement Monday night, Barclay McFadden III, who identified himself as a friend of Mr. McDonald's family, said he "took his own life." The family has "no further comments beyond this," the statement added. "
Jim McDonald was an exceptional individual who provided strong leadership of Rockefeller & Co. for over eight years," Colin Campbell, Rockefeller & Co. chairman, said in a statement on Monday. "He will be missed by all of us privileged to have known and worked with him."
Mr. McDonald had been president and chief executive since 2001. The New York-based investment-advisory firm evolved out of a family office set up by the oil tycoon John D. Rockefeller in 1882 to manage his family's assets, and it still manages some family money. Other clients include endowments, foundations and family offices. The firm, not affiliated with the Rockefeller Foundation, has $28 billion assets under administration and doesn't disclose its investment returns
The circumstances surrounding Mr. McDonald's death weren't clear. He is believed to have died in New Bedford, Mass. A police spokesman there couldn't be reached for comment. A person who responded to a phone call to Mr. McDonald's home in New York City declined to commen
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