Mr. Kleinman serves on Apollos Management and Executive Committees. White: Lets just explain to people exactly what Opportunity Zones are. She is a member of the Council on Foreign Relations and the Trilateral Commission, and a trustee of the American University of Afghanistan and the American University of Bahrain. net income and cash flow, our use of leverage to finance our businesses Mr. Kleinman received a BA and BS from the University of Pennsylvania and the Wharton School of Business, respectively, graduating magna cum laude, Phi Beta Kappa. Copyright 2023 The Trilateral Commission | All rights reserved. There are 1 executives at Apollo Global Management Inc getting paid more, with JamesZelter having the highest compensation of $85,389,504. Ben White: I wanted to start with a kind of existential question. Mr. Emerson joined Microsoft from investment bank Lazard Ltd., where as a Senior Managing Director, he established and ran the west coast office, and advised clients on industry defining mergers, acquisitions and related financial transactions. Prior to joining Revlon in April 2015, she was a litigation partner at two major law firms from 2011 to 2015 and served as Deputy Chief of Staff to then New York State Attorney General, Andrew Cuomo. Quattlebaum Development Company today is now run by a third-generation of the Quattlebaum family -- brothers Alex Quattlebaum, III and Scott Quattlebaum, assisted by their dad and CEO Alex Quattlebaum, Jr. Communicationsgstein@apollolp.comorNoah Mr. Ducey served as Chair of the conflicts committee of AAMs board of directors from 2011 through December 2021. Chief Executive Officer, Chief Investment Officer, and Co-founder, Athene Holding Ltd. Jim Belardi is a member of our board of directors and of the executive committee of our board of directors. Republican Tim Scott Will Challenge Trump in May for the 2024 The largest trade he's ever made was exercising 750,000 units of Apollo Global Management Inc stock on 5 September 2019 worth over $42,157,500. Today, he has handed the reigns over to his sons, Alex, III, and Scott Quattlebaum. The new strategy is being launched with $4 billion in capital from Apollo affiliates and strategic partners. Scott: Ben, thats a great question. These statements are subject to certain risks, White: Its somewhat ironic that Im recording this with you and talking to you from my basement in Englewood, New Jersey, even though I work for POLITICO. Scott, for his part, said he thought the program could create enormous investment within just a couple of years. Senator Toomey represented Pennsylvania in the U.S. Senate from 2011 to 2023, serving on the Senate Banking, Housing, and Urban Affairs; Budget; and Finance Committees, as well as the Joint Economic Committee and the Joint Select Committee on Deficit Reduction. positions of Co-President will be effective as of January 1, 2018, and Apollo Global Management, LLCCharles Zehren, 212-843-8590czehren@rubenstein.com. She was previously Co-Chair of the San Francisco Ballet Association. Apollos Josh Harris Talks Private Markets at Delivering Alpha, Apollo Global Names Two Executives Co-Presidents, Asian SWFs Step Up Their Co-investment Game, U.S. Senate Has HELP for Retirement Plans, Modern Slavery Act Transparency Statement. a member of Apollos Management Committee, and Chief Executive Officer delay times for all exchanges). An increase in 17 percent to $779 billion in deficit for the last fiscal year. Prior to joining Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. Apollo., Mr. Harris said, Scott has been with Apollo for more than two decades, Ms. Bibliowicz has served on the Board of Fellows of Weill Cornell Medicine for more than 15 years and is currently Chair and also serves on the Board of Trustees of Cornell University and the Board of Trustees of New York-Presbyterian. Dr. Healey holds an AB in government from Harvard College and a PhD in political science and law from Trinity College, Dublin. Europe; and John Suydam, Chief Legal Officer. from the Indiana University Kelley School of Business and an MBA from Columbia University. This copy is for your personal, non-commercial use only. We offer of any Apollo fund. Alex is a member of a variety of professional organizations that include the National Association of Industrial and Office Parks, the Southern Industrial Development Council, the American Society of Civil Engineers and the National Association of Foreign Trade Zones. Mr. Belardi swam in the 1976 and 1980 Olympic Swimming Trials and is a nine-time Masters Swimming World Record Holder. Earlier in her career, Ms. Bibliowicz held senior management positions at Prudential Mutual Funds and Smith Barney Mutual Funds. of the Management Committee include: Gary Parr, Senior Managing Mr. Zelter also serves on the board of directors of the Robert Toigo Foundation, the Partnership for New York City, and The Bridge Golf Foundation, as well as the Board of Fellows of Weill Cornell Medicine. As a senior partner, he is also a member of Apollos Senior Management To learn more, please visit www.apollo.com. Ms. Richards graduated from Queens University, Ontario, Canada, with a BA in psychology and has obtained certification as a CPA, CMA. Strong will serve as co-lead of infrastructure in addition to his role co-leading the natural resources group to optimize the inherent synergies between the two asset classes, according to the statement. In addition to Messrs. Harris, Kleinman, and Zelter, the other members Senator Toomey previously served in the U.S. House of Representatives from 1999 to 2005, where he was a member of the House Budget Committee. required by applicable law. result of new information, future developments or otherwise, except as She also served as an Assistant United States Attorney prosecuting high-profile complex racketeering cases in the Eastern District of New York. One is the economic pillar. During the early 70s, he was also instrumental in establishing the first Foreign Trade Zone in South Carolina and today owns two such trade zones where many Quattlebaum Development Company properties are located. He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design.s. Lynn Swann serves as an independent director and a member of the compensation committee of our board of directors. Ms. Hormozi received a Bachelor of Arts in history from the University of Michigan and a Juris Doctor from the New York University School of Law. In their new roles, Nord and Sambur will continue to report to Kleinman, who had served as the lead partner for private equity since 2009. [II Deep Dive:Apollos Josh Harris Talks Private Markets at Delivering Alpha]. He is a member of the Duke University Board of Trustees and a board member of DUMAC, Inc., the investment management company that oversees the Duke University endowment. The program would allow investors who direct their money into distressed communities to defer capital gains taxes for up to 10 years. White: Lets pull back the lens a little bit to talk about the broader question of access to opportunity in the United States, and the fact that it is so unevenly distributed through our economy. businesses. Scott Kleinman, 44, is the Lead Partner for Private Equity and a member of Apollos Management Committee. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at the University of Pennsylvania. In that time, Ms. Joyner has served as chair of First Republic Banks investment and compensation committee, and as a member of its governance committee. that oversees the Duke University Endowment and Duke University .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Vectra Co. During his service, he was responsible for surveying, as well as design and construction of roadways, bridges and infrastructure in the Southern Province of Tanganyika (now Tanzania). He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design and the Board of Directors at the White Plains Hospital, where he co-chaired the COVID-19 Relief Campaign. He serves on the board of directors of Apollo Global Management Inc., Athene Holding Ltd. and Athora Holding Ltd, and certain other affiliated public vehicles. The Asia Pacific Groupheld its annual regional meeting in Tokyo on November 19-20, 2022. With approximately two million square feet in its inventory, Quattlebaum Development Company currently owns McQueen Park in Jedburg, Cainhoy Park and McCall Center in Charleston, Tri-County Industrial Park in Summerville and Florence Industrial Park in Florence. Apollo Global Management has new leadership for its $77 billion private equity business. Today, the company is run by Alex, Jr.'s sons, Alex, III and Scott Quattlebaum, and focuses on both industrial and commercial development. and he has played a critical role in driving the growth of our private Jim joined Apollo more than a decade ago, and he has done an Mr. Clayton served as Chair of the SEC from May 2017 through December 2020. Notably, she became president and CEO of National Financial Partners (NFP), a leading provider of benefits, insurance and asset management services, in 1999 and Chairman of the companys Board in 2003, and took the company public later that year. These factors should not be construed as exhaustive and should be read Apollo Names Two New Co-Heads of its Private Equity Business From 2016 to 2019, Mr. Swann served as the Athletic Director of the University of Southern California, where he was responsible for overall administration of 21 womens and mens Division I athletic programs at the university. The second is the education pillar. Prior to joining the SEC, Mr. Clayton was a partner at Sullivan & Cromwell LLP, where he was a member of the firms Management Committee and co-head of the firms corporate practice. Ms. Richards also served as a member of the Audit Committee and chair of the Corporate Governance Committee of the board of directors of Butterfield Bank from 2006 to 2013. Development and Investor Relationship Management; Martin Kelly, Chief Mr. Krongard served as the Lead Director of Under Armour, Inc. from 2006 to 2020. Mr. Rowan graduated summa cum laude from the University of Pennsylvanias Wharton School of Business with a BS and an MBA in Finance. Apollo Data delayed This new leadership I think a realistic estimate in the first few years would be about $100 billion. Tax incentives havent always proved successful in addressing entrenched poverty or stopping the decline of local economies based on old-line industries. in our periodic filings with the SEC, which are accessible on the SECs Market Data copyright 2023 QuoteMedia. He received his undergraduate degree from the University of Pennsylvania and an undergraduate degree from The Wharton School of the University of Pennsylvania. He also served on the board at Momentive Performance Materials, Inc., MPM Holdings, Inc., Hexion, Inc., Taminco Corp., Momentive Performance Materials Holdings LLC, Noranda Aluminum Holding Corp., Realogy Group LLC, Realogy Holdings Corp., Compass Minerals International, Inc., Constellis Group, Inc., Resolution Performance Products LLC, Vectra Corp., Verso Paper Holdings LLC and Verso Technologies, Inc. First would be, in South Carolina, we are a transportation-centric state. There are 17 older and 2 younger executives at Apollo He enjoys racing historic cars and wingshooting. global investment platform with $242 billion of total assets under Mr. Rowan is a Co-Founder and CEO of Apollo Global Management, Inc. Alex was previously on the advisory board of Trident Technical College. Apollo Taps New Co-Heads of Private-Equity Business. equity, credit or real estate funds, market conditions, generally, our So when you take those dots and you connect them back, what do you find? Apollo What type of business do you see taking advantage of this Opportunity Zone? And so you could see the development of a support company for the Boeing Corporation here in North Charleston, whether its providing paint for the planes, or rubber for the wheels, or any other aspect of the engineering for the planes, theres a ton of opportunities out there that you could see. Mr. Simon is currently Chairman of the Board, CEO and President of Simon Property Group. 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