Ms. Joyner is an independent director of First Republic Bank, a position she has held for over 17 years. From October 2010 to April 2017, Mr. Ducey served as the Chairman of the compliance and governance committee and the nominations committee of the board of directors of HaloSource, Inc. He served on the board of Fenner, PLC from January 2017 to June 2018 and served on the Audit, Governance and Remunerations Committees. The unseen reason working-class students drop out. Mitra Hormozi serves as an independent director and a member of the nominating and corporate governance and sustainability and corporate responsibility committees of our board of directors. NEW YORK, May 19, 2022 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo) Given the approximately $4.5 trillion in investments needed annually to achieve the global energy transition by 2050, ACT Capital seeks to accelerate the pace of climate and transition capital deployment.3 ACT Capital will leverage the breadth of Apollos sourcing capabilities across market cycles to target global opportunities in energy transition, industrial decarbonization, sustainable mobility, sustainable resource use, and sustainable real estate. [II Deep Dive:Apollos Josh Harris Talks Private Markets at Delivering Alpha]. Currently, Mr. Rowan is Chair of the Board of Advisors of The Wharton School and a member of the University of Pennsylvanias Board of Trustees. Mr. Kleinman owns over 200 units of Apollo Global Management Inc stock worth over $82,117,639 and over the last 19 years he sold APO stock worth over $12,778,067. However, my worldview, really, is oftentimes seen through the eyes of a 7-year-old kid, growing up in a single-parent household, mired in poverty, feeling hopeless, at times frustrated, realizing that there was more potential in me than I could get out.. He also serves as Chairman of the Supervisory Board of Klepierre, a publicly traded Paris-based European leader in shopping malls. Scott: We could spend a long time talking about education because I think it really is the forerunner to opportunity. How do you think we got to this point? White: Lets just take South Carolina as an example, since its your backyard. What else can Washington be doing to kind of work with states to address this problem of access to opportunity? His father, a well-known philanthropist, was a professor of engineering at Clemson University and eventually opened Harllee Construction Company in 1927 in Florence with his brother. https://www.wsj.com/articles/apollo-taps-new-co-heads-of-private-equity-business-11569495601. He currently serves on the board of directors of ISG, Paulist Productions, where he chairs the investment committee, and Southern California Aquatics. 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. The states that Ive talked to, I would add on top of that number another $10 billion or $15 billion. Operating Officer - Credit; Stephanie Drescher, Global Head of Business Since he started with the company, Alex, Jr., has overseen the development of industrial facilities throughout the Carolinas for the textile, paper, furniture, metalworking, woodworking, electronics and other industries. Higher unemployment typically leads to more government services. Apollo had assets under management of approximately $433 billion as of September 30, 2020 in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. This new leadership One is the economic pillar. School of Business, respectively, graduating magna cum laude, Phi Beta publicly update or review any forward-looking statements, whether as a Apollo II is led by CEO Sanjay Patel, Executive Chairman Scott Kleinman and CFO and Chief Acccounting Officer James Crossen. Prior to that time, Mr. Suydam served as Chairman of the law firm OSullivan, LLP which specialized in representing private equity investors. Apollo Global Management, LLC (together with its consolidated In the Opportunity Zones, the poverty rate is over 30 percent. Apollo had assets under management of approximately $312 billion as of June 30, 2019 in private equity, credit and real assets funds invested across a core group Apollo also announced that it has hired Dylan Foo, a partner at Australian investment firm AMP Capital, as co-lead of Apollos $2 billion infrastructure business. Apollo Global Management, Inc. Mr. Ducey graduated from Otterbein University with a degree in Economics and an M.B.A. in finance from the University of Dayton. She is a trustee emeritus of Dartmouth College, Chair Emeritus of the Tate Americas Foundation, and a trustee of the Art Institute of Chicago and J. Paul Getty Trust. As the American economy has grown more unequal, with urban areas thriving and rural areas falling behind, free-market Republicans have generally stayed away from the debate about potential government solutions. 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. record. From 2003 to 2005, Mr. Zelter was Chief Investment Officer of Citigroup Alternative Investments, and prior to that he was responsible for Citigroups Global High Yield franchise. And I will tell you that all my life Ive seen the same thing play out, and that is that theres always an uneven recovery. delay times for all exchanges). Ms. Bibliowicz also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. In addition to his extensive executive and board experience, Mr. Swann played nine seasons for the Pittsburgh Steelers and was elected to the Pro Football Hall of Fame in 2001. When we think of using the tax code to effect economic change and stimulate investment, we tend to think of it as something that Democrats do more than Republicans. and director of Apollo Investment Corporation. Scott's mailing address filed with the SEC is C/O APOLLO GLOBAL MANAGEMENT, INC., 9 WEST 57TH STREET, 42ND FLOOR, NEW YORK, NY, 10019. We are dispersed right now, you and I. Noah GunnGlobal Head of Investor RelationsApollo Global Management, Inc.(212) 822-0540IR@apollo.com, Joanna RoseGlobal Head of Corporate CommunicationsApollo Global Management, Inc.(212) 822-0491Communications@apollo.com. Scott, for his part, said he thought the program could create enormous investment within just a couple of years. Mr. Kleinman will focus on Apollos equity and opportunistic WebScott Kleinman Co-President, Apollo Global Management Scott Kleinman (C94, W94), along with his wife Wendy Kleinman, established the Kleinman Center with a generous $10 million gift to the Stuart Weitzman School of Design. the expectations reflected in these forward looking statements are He is a member of AHLs executive committee and ISGs executive committee. Mr. Belardi is responsible for AHLs overall strategic direction and management and the day-to-day management of its investment portfolio. He received his undergraduate degree from the University of Pennsylvania and an undergraduate degree from The Wharton School of the University of Pennsylvania. WebMr. Treasury Secretary Steven Mnuchin has suggested that the program could attract $100 billion in investment in distressed areas. in History from the State University of New York at Albany. Greg Beard, who until now served as global head of natural resources, will transition to a role as a senior advisor, according to the announcement. To learn more, please visit www.apollo.com. Apollo Taps New Co-Heads of Private-Equity Business. The oldest executive at Apollo Global Management Inc is AlvinKrongard, 83, who is the Independent Director. Scott grew up in poverty, spending his high school years living in this apartment complex in North Charleston. Apollos revenue-generating and investing businesses, and working Jessica Bibliowicz serves as an independent director and member of the audit committee of Apollo Asset Management, Inc.s board of directors. Not as young as you are, Ben, but Im a young fellow. Assets ($13 billion of AUM) funds invested across a core group of nine The company has approximately two million square feet in its current inventory across five properties, all located in Foreign Trade Zones and in the Southeast. . So high-tech manufacturing is booming from the coast to the mountains in Greenville. reasonable, it can give no assurance that these expectations will prove Mr. Swann is president of Swann, Inc., a marketing and consulting firm he founded in 1976. 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. White: Lets just explain to people exactly what Opportunity Zones are. From July 2010 to May 2011, Mr. Ducey was a member of the board of directors and served on the audit committee of Smurfit-Stone Container Corporation. A full-service company with a hands-on approach to management, Quattlebaum Development Company oversees the entire development process from site location and design to construction and property management. 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. Prior to Evercore, Mr. Emerson served as Senior Vice President, Corporate Development and Strategy, of Microsoft Corporation, reporting directly to the Chief Executive Officer and serving on the executive leadership team, with responsibility for all acquisitions, investments, strategic partnerships and corporate strategy. Alex, who has traveled, worked and lived across the world, made his first entry on the international scene as one of the original 35 members of the Peace Corps in 1961. closely with the founders and the members of the Management Committee to I think what youre going to see in the next 10 to 15 years, and youre seeing it start now, is the fact that people can live where they want to and then decide the type of work they want to do. Prior to Lazard, Mr. Emerson held senior roles with The Blackstone Group and Morgan Stanley & Co. Mr. Emerson has a BA and MA in Economics and a JD from Stanford University, and an MBA from Dartmouth College. Apollo., Mr. Harris said, Scott has been with Apollo for more than two decades, This press release does not constitute an amended. 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. So the truth is that well probably see more opportunities in rural America than weve ever seen before, as people have the chance to pick and choose their site and then their jobs. from the Indiana University Kelley School of Business and an MBA from Columbia University. Mr. Simon is currently Chairman of the Board, CEO and President of Simon Property Group. 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. equity, credit or real estate funds, market conditions, generally, our He currently serves as president of Pendral Capital, where he both invests and advises technology clients on strategic transactions. When used in this press release, the words believe, anticipate, David Sambur, left, and Matt Nord have overseen several recent Apollo deals. If you agree to our use of cookies, please continue to use our site. Scott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating Mr. Belardi is Co-Founder of Athene Holding Ltd. (AHL), and has served as AHLs Chairman, Chief Executive Officer and Chief Investment Officer since May 2009. At Quattlebaum Development Company, integrity is paramount and is evidenced through the company's repeat customers, who range from first-time business owners to billion-dollar companies, like Caterpillar and Corning, Inc. PD=Previous Day. A certified pilot, he has flown across the U.S., Canada and the Caribbean. Hes now working to bring more investment to disadvantaged communities through Opportunity Zones, a new program enacted as part of the 2017 Republican tax cut package. Quattlebaum Development Company traces its beginnings back to 1927 when it was originally founded by Capt. result of new information, future developments or otherwise, except as The most recent stock trade was executed by Joshuamjh Partners Ii Llc H on 24 April 2023, trading 63,988 units of APO stock currently worth $4,054,280. On average, Scott trades about 19,608 units every 10 days since 2004. 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. When that happens, you see the most even spread of our resources. Market Data powered by These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in Apollos filings with the SEC. And frankly, theres typically an uneven success trajectory. 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. Director and Co-Founder, will continue with respect to Apollos As of December 31, 2022, Apollo had approximately $548 billion of assets under management. Mr. Ducey served as Chair of the conflicts committee of AAMs board of directors from 2011 through December 2021. About 70maybe its 67 percent67 percent of the budget is on automatic increase because those are our mandatory spending programs. and in 2009 he was named Lead Partner for Private Equity. During the 1950s, as many textile mills began to move to the area, the company became one of the first South Carolina design-build firms, designing and building many of these industrial plants. The estimated Net Worth of Scott Kleinman is at least $114 Million dollars as of 19 February 2021. Mr. Clayton served as Chair of the SEC from May 2017 through December 2020. Donor Carl Goldsmith Prior to mid-2018, Ms. Richards served on the board of Wyndham Worldwide, a position she held since 2006; is a director of Hamilton Insurance Group, serving on the audit and investment committees, a position she has held since 2013. Sen. Tim Scott: What I have tried to do is create a program that is not a government-centric program, but that does create an incentive for people to take a second look at parts of the country that have been missed by the economic recovery that weve experienced over the last few years. Tax incentives havent always proved successful in addressing entrenched poverty or stopping the decline of local economies based on old-line industries. Mr. Simon served as an independent director of Apollo Asset Management, Inc.s board of directors from June 2021 through December 2021. It was at that time that the company began to shift its focus toward being a provider of facilities and not simply a means for constructing. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Mr. Mr. Clayton also is a Senior Policy Advisor to Sullivan & Cromwell LLP, and has advisory roles with several private companies and non-profit organizations, including the Board of Trustees of Lehigh University and the Advisory Council of the National Association of Securities Professionals (NASP). media inquiries regarding Apollo:Rubenstein Associates, Inc. for The second example would be, we are heading towards a service economy in South Carolina. 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. The idea for Opportunity Zones initially came from the Economic Initiative Group, a D.C. think tank set up by Sean Parker, the tech billionaire who co-founded Napster and served as the first president of Facebook. That is going to be a unique experience for many people in the workforce because, up until now, they really havent had that as a real option. Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Speaking on Thursdays announcement, Apollos chairman and chief executive Leon Blacksaid the new appointments reflect Apollos deep reservoir of proven investment talent and lay the foundation for the firms next generation of leadership., This content is from: 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. a High Yield Trader at Goldman Sachs & Co. Mr. Zelter is a board member of DUMAC, the investment management company Scott attended the College of Charleston and also holds an associate's Europe; and John Suydam, Chief Legal Officer. Alexs family lived throughout the state of South Carolina during his childhood, and he attended college at Clemson University, earning a bachelor's degree in civil engineering. I think a realistic estimation, in the first few years, would be about $100 billion.. Ms. Joyner is a founding partner of Avid Partners LLC, a strategic marketing consulting firm. This site uses cookies. Since August 2011, Mr. Beilinson has been the Managing Director of Beilinson Advisory Group, a financial restructuring and hospitality advisory group that specializes in assisting distressed companies. from New York University and graduated magna cum laude with a B.A. Mr. Ducey also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. more information about Apollo, please visit www.agm.com. | Source: Apollo Co-President Scott Kleinman said: We believe ACT Capital is a premier financing solution for companies around the globe who require significant, flexible capital to support their energy transition efforts. From 2008 to 2012, Mr. Kelly was with Barclays Capital and, from 2000 to 2008, Mr. Kelly was with Lehman Brothers Holdings Inc. He also previously worked on-air as a host, reporter and analyst for the American Broadcast Company (ABC-TV) for nearly 30 years and served as chairman of the national board of Big Brothers Big Sisters of America. Unfortunately, at the exact same time, what were seeing is that spending has not leveled off, its not plateaued. From June 2006 to May 2008, Mr. Ducey served on the board of directors of and as a member of the governance and compensation committee of the board of directors of UAP Holdings Corporation. Scott spoke to POLITICO from his office in North Charleston, S.C. 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. Between the trio, they bring some 60 years of experience working in industrial development both locally and across the world and offer a tremendous knowledge of the people, laws, land and business of South Carolina. We are thrilled to extend our long track record in this area and expand our commitment to driving a more sustainable future, recognizing the urgent need for climate capital deployment, said Apollo Co-President Scott Kleinman. Scott, who has served in the Senate since 2013, often shares his experience growing up poor in North Charleston and what inspired him to overcome those struggles. In addition to chairing the SEC, he was a member of the Presidents Working Group on Financial Markets, the Financial Stability Oversight Council and the Financial Stability Board. Apollo Names Two New Co-Heads of its Private Equity Business, This content is from: With nearly 80 years of experience in the construction business and 30 years specifically as Charleston's leading industrial developer, the company offers clients an unparalleled depth of knowledge of the businesses, people, laws and land of this region. Scott began his career with the company as a teenager by working summers in construction. From 2001 to 2004, Mr. Krongard served as Executive Director of the Central Intelligence Agency. equity business while maintaining a best-in-class investment track Are there other policy levers that we could be pulling? http://www.businesswire.com/news/home/20171113005364/en/.

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