These statements are subject to certain risks, of the worlds largest alternative credit platforms., Mr. Kleinman and Mr. Zelter said, We are honored to be given the | Raymond McCrea Jones for POLITICO. Corner Office, This content is from: strategic leadership and investment committee decision-making. The alternative asset manager also appointed co-heads of the natural resources and infrastructure businesses. They are very difficult to separate. In 1975, the company moved its headquarters from Florence to Charleston, where it remains today. Are there other policy levers that we could be pulling? He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design and a member of the Board of Directors of White Plains Hospital, where he co-chaired the COVID-19 Relief Campaign. Senator Toomey has a B.A. In addition to Messrs. Harris, Kleinman, and Zelter, the other members He received his undergraduate degree from the University of Pennsylvania and an undergraduate degree from The Wharton School of the University of Pennsylvania. We are going to have to not look at cutting benefits for our current people. 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. How do you think we got to this point? Apollo is a leading global alternative investment manager with offices 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. and in 2009 he was named Lead Partner for Private Equity. Global Head of Human Capital; Anthony Civale, Lead Partner and Chief Unfortunately, at the exact same time, what were seeing is that spending has not leveled off, its not plateaued. Mr. Clayton is also a member of the Federal Deposit Insurance Corporations Systemic Resolution Advisory Committee. 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. extraordinary job overseeing the growth of our credit business into one Mr. Kelly received a degree in Commerce, majoring in Finance and Accounting, from the University of New South Wales in 1989. Scott Kleinman is lead partner for private equity at Apollo Global Management, LLC in New York City. What else can Washington be doing to kind of work with states to address this problem of access to opportunity? Managing Director and Co-Founder, and Marc Rowan, Senior Managing A.B. He currently serves on the boards of directors of Apollo Global Management, Inc., Athene Holding Ltd. and Athora Holding Ltd. He lives in downtown Charleston with his wife, Marlene, and daughter, Isabel. He received degrees from both the university and the Wharton School, graduating magna cum laude in 1994. Ben White: I wanted to start with a kind of existential question. equity, credit or real estate funds, market conditions, generally, our this press release and in other filings. Pauline Richards serves as an independent director and Chair of the audit committee of Apollo Asset Management, Inc.s (AAM) board of directors. I think weve seen that number improve for every minority group. As Co-President, he co-leads AAMs day-to-day operations including all of its revenue-generating businesses and enterprise solutions across its integrated alternative investment platform. The second is the education pillar. Europe; and John Suydam, Chief Legal Officer. amended. in New York, Los Angeles, Houston, Chicago, St. Louis, Bethesda, Dr. Healey holds an AB in government from Harvard College and a PhD in political science and law from Trinity College, Dublin. 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. For non-personal use or to order multiple copies, please contact Apollo is a high-growth, global alternative asset manager. committees in their respective areas of focus. Q&A: Siemens CEO sees a skills gap in the U.S. Is our education system the right fit for American workers. Scott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating businesses and enterprise solutions across its integrated Mr. Belardi swam in the 1976 and 1980 Olympic Swimming Trials and is a nine-time Masters Swimming World Record Holder. 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. Our economy is absolutely moving in the direction of people deciding the quality of life they want, the location they want. In connection with these appointments, the current roles of Leon Black, Apollo Co-President Scott Kleinman to Present at WebScott aims to formally announce the bid by the end of May, according to a person familiar. . In the Opportunity Zones, the poverty rate is over 30 percent. Scott Kleinman is Co-President of Apollo, sharing responsibility for all of Apollos revenue-generating and investing business across its integrated alternative RT=Real-Time, EOD=End of Day, They have also been very involved in the day-to-day operations of Apollos flagship private equity business and have established themselves as leaders from a strategy and culture standpoint.. Today, he has handed the reigns over to his sons, Alex, III, and Scott Quattlebaum. And if our goal is to make sure that we spread opportunities and success throughout this nation in an even way, we have to focus first on the education system, particularly the education system in the poorest parts of this country. In its early days, the company focused on general construction throughout the area, building roads and homes. 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. As a senior partner, he is also a member of Apollos Senior Management Scott: We could spend a long time talking about education because I think it really is the forerunner to opportunity. Matt Nord and David Sambur, who joined the firm in 2003 and 2004, respectively, will be taking over the day-to-day operations of the private-equity business from Apollo Co-President Scott Kleinman, the firm said. He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design.s. Prior to joining Compass Minerals International, Inc., Mr. Ducey worked for nearly 30 years at Borden Chemical, Inc., in various management, sales, marketing, planning and commercial development positions, and ultimately as President, Chief Executive Officer and Director. Most recently, Mr. Beilinson served as Chief Restructuring Officer of Newbury Common Associates LLC (and certain affiliates) from December 2016 to June 2017. subsidiaries, "Apollo") (NYSE:APO) today announced the expansion of its 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 Previously, Mr. Simon was Vice President of Wasserstein Perella & Company from 1988 to 1990, and an Associate at First Boston Corp. from 1985 to 1988. 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. Chairman, Chief Executive Officer and Founder, Josh Harris, Senior Mr. Kleinman was previously employed as a Founder by Kleinman Center for Energy Policy, a Member-Supervisory Board by LyondellBasell Industries NV, a Chairman by Verso Corp., a Partner by Apollo Management LP, a Principal by Smith Barney, Inc., and an Independent Director by CH2M HILL Cos. Ltd. businesses. 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. She continued to serve in both roles until NFP was acquired in 2013. Mr. Kleinman joined Apollo in 1996, and in 2009 he Ms. Bibliowicz is a successful entrepreneur and organizational leader within financial services with more than 30 years of experience with public and private companies. offer of any Apollo fund. Japan Center for International Exchange And frankly, obviously, it leads to lower net worth. From 2003 to 2005, Mr. Alex Quattlebaum, Jr., CEO of Quattlebaum Development Company, was born with engineering in his blood. 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. https://www.wsj.com/articles/apollo-taps-new-co-heads-of-private-equity-business-11569495601. Mr. Scott M. Kleinman is a Co-President at Apollo Global Management, Inc. /Private Equity/, a Co-President & Director at Apollo Global Management, Inc., an Executive Chairman at Apollo Strategic Growth Capital and an Executive Chairman at Apollo Strategic Growth Capital II. 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. He served on the board of Fenner, PLC from January 2017 to June 2018 and served on the Audit, Governance and Remunerations Committees. Scott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). You can see the complete history of Mr. Kleinman stock trades at the bottom of the page. White: taking advantage of connectivity. She was previously Co-Chair of the San Francisco Ballet Association. A conversation with Sen. Tim Scott, the Republican trying to bring development to disadvantaged communities. What happens is, as we grow the pie, we see more folks being able to engage in finding and chasing the American dream, which is the fastest way to actually even out the recovery. Apollo Taps New Co-Heads of Private-Equity Business - WSJ Apollo Global Management, LLC (together with its consolidated Mr. Kleinman joined Apollo in 1996, From 2009 to 2017, Mr. Clayton was a Lecturer in Law and Adjunct Professor at the University of Pennsylvania Law School and since July 2021 has been an Adjunct Professor at both the Wharton School and the Carey Law School of the University of Pennsylvania. Apollo Global Management has new leadership for its $77 billion private equity business. Scott Kleinman: Apollo Global Managements Child Prodigy As Co-President, he co-leads AAMs day-to-day operations including all of its revenue-generating businesses and enterprise solutions across its integrated alternative investment platform. 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. Ms. Joyner is a founding partner of Avid Partners LLC, a strategic marketing consulting firm. Scott, for his part, said he thought the program could create enormous investment within just a couple of years. Dr. Healey served as an independent director of AAMs board of directors from March 2021 through December 2021. Vectra Co. Mr. Clayton previously served as Non-Executive Chair of the board of directors of AAM, from March 21, 2021 through December 2021, and prior to that time, served as Lead Independent Director of the board of directors of AAM effective March 1, 2021. Terms of Use. 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. Board & Executive Officers :: Apollo Global Management, Inc. (APO) 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. Higher unemployment typically leads to more government services. April 26, 2023 08:00 ET http://www.businesswire.com/news/home/20171113005364/en/. 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. This press release does not constitute an offer of any Apollo fund. Scott: Theres over $1 trillion on the sidelines in the United States that could be deployed. Scott spoke to POLITICO from his office in North Charleston, S.C. White: Have you put a dollar figure on how much investment you think that this tax program could generate? But we do have to wrestle with the long-term consequences of mandatory spending that we havent wrestled with before. received a BA and BS from the University of Pennsylvania and the Wharton I am certainly an advocate of the free market, without any question, Scott told me in an interview. 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. The correlation, of course, is that education and opportunity are like wet and water. Mr. Beilinson oversaw the Chapter 11 reorganization of Innkeepers USA, Fisker Automotive and Newbury Common Associates in his interim management roles as the Chief Restructuring Officer of those companies. As Co-President, he co-leads AAMs day-to-day operations Ms. Joyner served as an independent director of Apollo Asset Management, Inc.s board of directors from March 2021 through December 2021. This new leadership 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. Tax incentives havent always proved successful in addressing entrenched poverty or stopping the decline of local economies based on old-line industries. The states that Ive talked to, I would add on top of that number another $10 billion or $15 billion. Whether building a brand new facility or tailoring an existing facility to fit a company's needs, Quattlebaum Development Company works to find the right solution for each company's unique situation, completing projects quickly and efficiently. and M.A. Michael Ducey serves as an independent director and a member of the audit committee of Apollo Asset Management, Inc.s (AAM) board of directors. They also work with the highest level of integrity, always being true to their word, whatever the result, to provide the best possible service to their clients. in Economics from Duke University. equity business while maintaining a best-in-class investment track of the Management Committee include: Gary Parr, Senior Managing Jessica Bibliowicz serves as an independent director and member of the audit committee of Apollo Asset Management, Inc.s board of directors. Upon the merger of Alex Brown, Incorporated with Bankers Trust Corporation in 1997, Mr. Krongard served as Vice-Chairman of the Board of Bankers Trust Corporation and served in such capacity until assuming his position at the Central Intelligence Agency. dependence on certain key personnel, our ability to raise new private Matt Nord and David Sambur, a member of Apollos Management Committee, and Chief Executive Officer 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. Mr. Beilinson has previously served on the boards of directors and audit committees of a number of public and privately held companies, including Westinghouse Electric, Caesars Acquisition Company, Wyndham International, Inc., Apollo Commercial Real Estate Finance, Inc., Innkeepers USA Trust and Gastar Inc. Mr. Beilinson has a Bachelor of Arts in political science from the University of California, Los Angeles and a Juris Doctor from the University of California Davis Law School. Scott Kleinman of directors of Constellis Holdings, CH2M Hill Companies, Ltd., Hexion Scott Kleinman In addition to these two appointments, Apollo announced the promotions of senior partners Olivia Wassenaar and Geoff Strong to co-leads of the firms natural resources business, which has approximately $5 billion in assets under management. Apollo Names Two New Co-Heads of its Private Equity Business Through Athene, Apollos retirement services business, it specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. A certified pilot, he has flown across the U.S., Canada and the Caribbean. The oldest executive at Apollo Global Management Inc is AlvinKrongard, 83, who is the Independent Director. 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. Apollo Matt and David have been at the helm of numerous successful private equity transactions during their tenure at Apollo across an array of industries, Kleiman and Zelter said in the joint statement. required by applicable law. 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. Data delayed Scott Kleinman - Co-Preside.. - Apollo Global Management He currently serves on the board of directors of ISG, Paulist Productions, where he chairs the investment committee, and Southern California Aquatics. Donor Carl Goldsmith In their new capacities, Mr. Kleinman and Mr. Zelter will have full (AUM) of approximately $242 billion as of September 30, 2017 in Private If you're happy with cookies click proceed. ACT Capital seeks to meet the wide-ranging capital needs for the transition to clean energy and sustainable industry by providing competitive, flexible, and patient financing to the global market, supporting corporates in their transition to clean energy. Ms. Bibliowicz 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. QuoteMedia. Apollo undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. There have been communities that have been mired in poverty for generations. Apollo Over the last 12 years, insiders at Apollo Global Management Inc have traded over $788,563,094 worth of Apollo Global Management Inc stock and bought 17,338,191 units worth $468,582,107 Treasury Secretary Steven Mnuchin has suggested that the program could attract $100 billion in investment in distressed areas. From September 2009 to December 2012, Mr. Ducey was the non-executive Chairman of TPC Group, Inc. and served on the audit committee and the environmental health and safety committee. We look forward to jointly leading assumptions made by, and information currently available to, management. Operating Officer - Credit; Stephanie Drescher, Global Head of Business opportunity to take on this new role. of the worlds leading alternative investment managers.. An avid musician, Scott also enjoys racing vintage racecars, hunting and in his spare time as well as golf and fencing. One of the things that was clear to most of us at the table is that the tax cuts, so far, have actually increased revenues to the federal government, not decreased it. 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. Scott: Im a young fellow. Apollo., Mr. Harris said, Scott has been with Apollo for more than two decades, Pamela Joyner serves as an independent director and a member of the nominating and corporate governance committee of our board of directors. Scott Kleinman, 44, is the Lead Partner for Private Equity and a member Gunn, 212-822-0540Investor Relations Managerngunn@apollolp.comorFor business, its liquidity and capital resources and the other 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. their distinguished careers, said Mr. Black. a High Yield Trader at Goldman Sachs & Co. Mr. Zelter is a board member of DUMAC, the investment management company 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. Alex Quattlebaum, Jr., joined the company in 1965, moving from assistant superintendent to eventually president and CEO. Scott Kleinman is 47, he's been the Co-President of Apollo Global Management Inc since 2018. management across Credit, Private Equity and Real Assets and a deep She has been a fellow at the Harvard Kennedy Schools Institute of Politics and Harvards Center for Public Leadership. This site uses cookies. 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 the University of Pennsylvania Law School (cum laude, Order of the Coif). So its a phenomenal incentive for people to take a second look at areas that they would not necessarily pay attention to because they would feel like the return is too low, or the risk is too high. Ms. Richards also serves as a member of the Audit and Governance Committees of the board of directors of Wyndham Hotels and Resorts. Mr. Kleinman lives in Westchester County, New York with his wife Wendy and their three children. Mr. Suydam serves on the boards of The Legal Action Center, Environmental Solutions Worldwide, Inc. and New York University School of Law. uncertainties and assumptions, including risks relating to our Harry Lee Harllee, the great uncle of today's company principals, as Harllee Construction Company in Florence, S.C. Our ability to deploy capital at scale across sectors and strategies can provide attractive, diversified exposure to this generation-defining opportunity to address climate change, said Olivia Wassenaar, Apollos Head of Sustainable Investing. Market Data copyright 2023 QuoteMedia. Apollo Global Management, Inc. Equity ($70 billion of AUM), Credit ($158 billion of AUM) and Real positions of Co-President will be effective as of January 1, 2018, and When used in this press release, the words believe, anticipate, Apollo Global Management, Inc. 9 West 57th Street New York, NY 10019 December 1, 2021 Personal and Confidential Scott Kleinman [Address on file with the Company] Re: Employment and Compensation Terms Dear Scott: Apollo Apollo Global Management Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. The new strategy is being launched with $4 billion in capital from Apollo affiliates and strategic partners. Apollo Global Management, Inc. NEW YORK, April 26, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced the formation of Apollo Clean Transition Capital (ACT Capital), an investment strategy that intends to redefine the capital market for climate solutions. Apollo Global Management Inc. has promoted two longtime partners to lead its private-equity business, which has $77 billion in assets. from New York University and graduated magna cum laude with a B.A. Apollo's S3 launch: Expect the firm to become a meaningful secondaries player With the launch of S3, Apollo becomes 'much more of a one-stop relationship' for GPs, co-president Scott Kleinman tells Secondaries Investor. The Asia Pacific Groupheld its annual regional meeting in Tokyo on November 19-20, 2022. The program would allow investors who direct their money into distressed communities to defer capital gains taxes for up to 10 years. Apollo Co-President Scott Kleinman said: We believe ACT Capital is a premier financing solution for companies around the globe who require significant, Apollo non-historical statements in the discussion and analysis. 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. He participates in six to eight races a year driving vintage racecars as part of the Sportcar Vintage Racing Association, which he founded. Patrick Toomey serves as an independent director of our board of directors. in Economics from the University of Cambridge (Thouron Scholar), and a J.D. PD=Previous Day. bench of world-class talent that we continue to develop and promote at Zelter was Chief Investment Officer of Citigroup Alternative its predecessor companies from 1994 to 2006. Scott Kleinman Net Worth (2023) | wallmine Scott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating businesses and enterprise solutions across its integrated alternative investment platform. Mr. Ducey served as Chair of the conflicts committee of AAMs board of directors from 2011 through December 2021. He currently serves as president of Pendral Capital, where he both invests and advises technology clients on strategic transactions. Apollo Global Management has new leadership for its $77 billion private equity business. 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. Alex lives in Charleston with his wife Kimberly and sons Mac and John Henry. Director; Joseph Azelby, Global Head of Real Assets; Lisa Bernstein, Market Data powered by Jim joined Apollo more than a decade ago, and he has done an Scott Kleinman - Co-President @ Apollo - CrunchBase She has also previously served on the board of directors of Revlon. Prior to founding AHL and ISG, Mr. Belardi was President of SunAmerica Life Insurance Company and was also Executive Vice President and Chief Investment Officer of AIG Retirement Services, Inc., where he had responsibility for an invested-asset portfolio of $250 billion.
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