He currently serves on the boards of directors of Apollo Global Management, Inc., Athene Holding Ltd. and Athora Holding Ltd. in Economics from the University of Cambridge (Thouron Scholar), and a J.D. From 2003 to 2005, Mr. 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. 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. executive leadership team with the elevation of Scott Kleinman and James Scott: Theres over $1 trillion on the sidelines in the United States that could be deployed. He received degrees from both the university and the Wharton School, graduating magna cum laude in 1994. Apollo is a leading global alternative investment manager with offices These factors should not be construed as exhaustive and should be read 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. Less than six months ago, it was under 6 percent. 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. White: taking advantage of connectivity. Apollo believes these factors include but are not limited to those described under the section entitled Risk Factors in Apollo's annual report on Form 10-K filed with the Securities and Exchange Commission (the SEC) on March 1, 2023, as such factors may be updated from time to time in Apollo's periodic filings with the SEC, which are accessible on the SECs website at www.sec.gov. If you will make a long-term investment in one of these zones, then you can deferyou dont eliminate, but you deferyour capital gains tax for up to 10 years, or through the year 2026. website at www.sec.gov. An active philanthropist and civically engaged, Mr. Rowan is a founding member and Chair of Youth Renewal Fund and Vice Chair of Darca, Israels top educational network operating 45 schools with over 25,000 students throughout its most diverse and under-served communities. 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. Scott Kleinman, 44, is the Lead Partner for Private Equity and a member 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. Mr. Kleinman currently serves on the board of directors of Athene Holding Ltd., Athora Holding, Ltd., Apollo Strategic Growth Capital I and Apollo Strategic Growth Capital II and previously served on the board of directors of CH2M Hill Companies. WebScott Kleinman joined Apollo Global Management, in 1996 and is currently the Co-President. Alex Quattlebaum, Jr., CEO of Quattlebaum Development Company, was born with engineering in his blood. White: So Im a distributed worker and Im. Mr. Krongard served as the Lead Director of Under Armour, Inc. from 2006 to 2020. And the real question is, how do we break that cycle? 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. In a statement on their appointments, Apollo co-presidents Scott Kleinman and James Zelter praised the pair for the breadth of their experience at Apollo, where each has worked since the early 2000s. Kappa. So in the next several months, $25 billion to $30 billion. A.B. at the University of Pennsylvania School of Design. 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. I think weve seen that number improve for every minority group. media inquiries regarding Apollo:Rubenstein Associates, Inc. for regulatory environment and tax status, the variability of our revenues, 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. Investments, and prior to that he was responsible for the firms Global committees in their respective areas of focus. 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. He is a member of AHLs executive committee and ISGs executive committee. 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. and investments by our funds and litigation risks, among others. High Yield franchise. Scott M. Kleinman serves as Co-President of the Company. Holdings, LLC, Momentive Performance Materials Holdings, Inc., and 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. [II Deep Dive:Apollos Josh Harris Talks Private Markets at Delivering Alpha]. He graduated from the College of William & Mary, where he received a bachelors degree in Economics. 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. This dedicated strategy will employ the expertise of Apollos broader sustainable investing platform, as well as the Firms long-standing sustainability ecosystem. Walter Joseph (Jay) Clayton III serves as non-executive Chair, Chair of the executive committee and a member of the nominating and corporate governance committee of the AGM board of directors. the industry, and their promotions reflect a natural progression of http://www.businesswire.com/news/home/20171113005364/en/. Prior to joining Apollo in 2006, Mr. Zelter was with Citigroup Inc.and believe these factors include but are not limited to those described 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. Scott Kleinman is 47, he's been the Co-President of Apollo Global Management Inc since 2018. Senior partners Matt Nord and David Sambur have been promoted to co For non-personal use or to order multiple copies, please contact Last updated: 21 February 2023 at 5:09pm EST. 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. The correlation, of course, is that education and opportunity are like wet and water. 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. It is not yet operational; the Treasury Department in October released proposed rules to guide investors on how to take advantage of the tax incentives. Matt Nord and David Sambur, This site uses cookies. businesses. Exactly. The most active insiders traders include Marc J Rowan, Leon D Black, and Joshua Harris. One of the ways that you do that is by making sure that the private sector, the free markets, have the ability to operate fully. White: Lets just take South Carolina as an example, since its your backyard. He is a member of the Carolina Yacht Club, the Country Club of Charleston, and the St. Andrews Society. Prior to joining Apollo, Mr. Zelter was with Citigroup Inc. and its predecessor companies from 1994 to 2006. 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. Mr. Belardi has a Bachelor of Arts degree in economics from Stanford University and a Master of Business Administration from the University of California, Los Angeles. On average, Apollo Global Management Inc executives and independent directors trade stock every 17 days with the average trade being worth of $20,784,123. 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. He is a supporter of the Tara Hall Home for Boys in Georgetown, S.C., and the Windwood Farm Home for Children in Awendaw, S.C., and a member of the Gibbes Museum of Art and the Charleston Museum. 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. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at In addition, Mr. Belardi is the founder, Chairman and Chief Executive Officer of ISG, AHLs investment manager. Director; Joseph Azelby, Global Head of Real Assets; Lisa Bernstein, Assets ($13 billion of AUM) funds invested across a core group of nine Form 10-K filed with the Securities and Exchange Commission (the SEC) 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. Meisan Tameike Bldg. 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. Equity ($70 billion of AUM), Credit ($158 billion of AUM) and Real structure affirms and strengthens the inherent power of our integrated the expectations reflected in these forward looking statements are RT=Real-Time, EOD=End of Day, So when you take those dots and you connect them back, what do you find? QuoteMedia. 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. Today, he has handed the reigns over to his sons, Alex, III, and Scott Quattlebaum. And frankly, theres typically an uneven success trajectory. It certainly allows for the creation of jobs and, frankly, for a walkable economy, for the ability to walk to work. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at the University of Pennsylvania. Japan Center for International Exchange 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 appointments of Mr. Kleinman and Mr. Zelter to the newly created 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. Ms. Richards was also a member of the conflicts committee of AAMs board of directors from October 2020 through December 2021. WebScott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). Prior to joining Citigroup in 1994, Mr. Zelter was They both will continue to serve on the investment in History from the State University of New York at Albany. The alternative asset manager also appointed co-heads of the natural resources and infrastructure businesses. As the Co-President of Apollo Global Management Inc, the total compensation of Scott Kleinman at Apollo Global Management Inc is $18,615,200. This new leadership As an example, 10 years ago, the African American unemployment was about 12 or 13 percent. 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. Harry Lee Harllee, the great uncle of today's company principals, as Harllee Construction Company in Florence, S.C. Mr. Emerson has spent his entire career in investment banking and corporate finance. Scott began his career with the company as a teenager by working summers in construction. 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 second example would be, we are heading towards a service economy in South Carolina. Mr. Emerson served as an independent director of Apollo Asset Management, Inc.s board of directors from March 2021 through December 2021. Foundation.Mr. Zelter has a degree in Economics from Duke University. Singapore, Hong Kong and Shanghai. Just one more thing on the broad macroeconomic level that Im interested in: the federal deficit and the national debt, and the fact that weve seen the numbers go up pretty significantly. 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. We look forward to jointly leading 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. 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. 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. Ms. Hormozi has extensive experience in both the public and private sectors of the legal field. Ms. Joyner served as an independent director of Apollo Asset Management, Inc.s board of directors from March 2021 through December 2021. Portfolio. He also enjoys hunting, fishing, collecting antique wooden boats, anything that involves being on the water and good wine. Scott grew up in poverty, spending his high school years living in this apartment complex in North Charleston. Scott acknowledged in our interview that, contrary to conservative orthodoxy, he does believe that government can play a role in pushing against the economic tendency for investments to cluster in certain areas while leaving others behind. Im sure youre probably hopeful that the tax cuts will pay for themselves long term. A lot of times, when were talking about economic opportunity and inequality, theres a tension there. She also served as an Assistant United States Attorney prosecuting high-profile complex racketeering cases in the Eastern District of New York. 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. Scott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating 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. He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design.s. Apollos patient, creative, and knowledgeable approach to investing aligns its clients, businesses it invests in, its team members, and the communities it impacts, to expand opportunity and achieve positive outcomes. Prior to her public service, Dr. Healey worked for more than a decade as a public policy consultant to the United States Department of Justice for Cambridge-based think tank Abt Associates. Mr. Kleinman is also a member of the board of directors and the executive committee of the board of directors of Apollo Global Management, Inc. Mr. Kleinman joined Apollo six years after its inception in 1996, and was named Lead Partner for Private Equity in 2009 prior to being named Co-President in 2018. Dr. Healey served as the President of Babson College from 2013-2019 and was elected President Emerita by the trustees of Babson College in 2021. Prior to joining Apollo, Mr. Kleinman was a member of the Investment These forward-looking statements are based on managements beliefs, as well as assumptions made by, and information currently available to, management. Mr. Kleinman joined Apollo six years after its inception in 1996 was named Lead Partner for Private Equity in 2009 prior to being named Co-President in 2018. Scott: Sure. Ms. Hormozi has served as a director of Athene Holding Ltd. (AHL) since December 2018 and is a member of AHLs compensation committee and legal and regulatory committee. Prior to departing Barclays Capital, Mr. Kelly served as Managing Director, CFO of the Americas, and Global Head of Financial Control for their Corporate and Investment Bank. 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. Mr. Kongard was also a member of the conflicts committee of AAMs board of directors from January 2019 through December 2021. He currently serves on the board of directors of ISG, Paulist Productions, where he chairs the investment committee, and Southern California Aquatics. Marc Rowan, chief executive officer of Apollo Global Management Inc., gave $150,000, Apollo Global Management has new leadership for its $77 billion private equity business. 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. 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. In its early days, the company focused on general construction throughout the area, building roads and homes. Quattlebaum Development Company is a third generation family-owned and operated real estate development company in Charleston, S.C., specializing in industrial sites. NEW YORK, May 19, 2022 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, Apollo) 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. Distribution and use of this material are governed by identify forward-looking statements. they will report to Mr. Harris. (AUM) of approximately $242 billion as of September 30, 2017 in Private Mr. Simon served as an independent director of Apollo Asset Management, Inc.s board of directors from June 2021 through December 2021. He has an unlimited construction license and a real estate brokerage license and serves as a member of several organizations, including the Charleston Regional Development Alliance, Charleston Trident Association of Realtors, National Association of Realtors and the Carolina Yacht Club. Mr. Kleinman joined Apollo in 1996, 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. As of December 31, 2022, Apollo had approximately $548 billion of assets under management. 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. QuoteMedia. 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. businesses. Mr. Clayton earned a B.S. responsibility for all of Apollos revenue-generating and investing Mr. Simon is currently Chairman of the Board, CEO and President of Simon Property Group. 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. from the University of Maryland School of Law, where he also graduated with honors. Apollo Taps New Co-Heads of Private-Equity Business. | Raymond McCrea Jones for POLITICO. 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 Scott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). Krongard serves as an independent director and a member of the audit committee of Apollo Asset Management, Inc.s (AAM) board of directors. Its application is universal. Mr. Clayton is also a member of the Federal Deposit Insurance Corporations Systemic Resolution Advisory Committee. This founding gift continues to support the center and its broad array of programs. In 1975, the company moved its headquarters from Florence to Charleston, where it remains today. non-historical statements in the discussion and analysis. PD=Previous Day. He helped get the provision tucked in the tax bill signed by Trump in December 2017, and along the way won the support of several Democrats. received a BA and BS from the University of Pennsylvania and the Wharton News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. David Simon serves as an independent director. Mr. Krongard serves as chairman of the nominating and corporate governance committee and a member of the compensation committee of Iridium Communications Inc. and as a member of the audit committee of Icahn Enterprises L.P. Mr. Krongard also serves on the board of trustees of In-Q-Tel, Inc. Mr. Krongard graduated with honors from Princeton University and received a J.D. 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. 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. Earlier in her career, Ms. Bibliowicz held senior management positions at Prudential Mutual Funds and Smith Barney Mutual Funds. 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. The Asia Pacific Groupheld its annual regional meeting in Tokyo on November 19-20, 2022. Ms. Richards also serves as an independent director and Chair of the audit committee of Apollo Global Management, Inc.s board of directors. He also chaired the Subcommittee on Financial Institutions and Consumer Protection. Marc A. Beilinson serves as an independent director and Chairperson of the compensation committee of our board of directors. Mr. Infrastructure and natural resources are key areas of investment focus for Apollo, and we believe this new leadership structure will best position these businesses for the future, Kleinman and Zelter said. Apollo had assets under management Another issue, of course, is the connectivity issue. A poor education system or a failing school typically leads to higher unemployment. Mr. Kelly received a degree in Commerce, majoring in Finance and Accounting, from the University of New South Wales in 1989. Jim Zelter is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). 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. result of new information, future developments or otherwise, except as Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. White: I want to ask you, more broadly, about what role government can play here. Mr. Rowan graduated summa cum laude from the University of Pennsylvanias Wharton School of Business with a BS and an MBA in Finance. 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. Alex was previously on the advisory board of Trident Technical College. And some progressives worry that programs like Scotts can turn into boondoggles that give tax breaks to wealthy investors without doing much for the places theyre supposed to help. 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. Thats one of the fictional stories that you can find out there. Senior partners Matt Nord and David Sambur have been promoted to co-lead partners of private equity, the alternative asset manager announced Thursday. Dr. Healey is the inaugural president of the Milken Center for Advancing the American Dream in Washington, DC. ability to manage our growth, fund performance, changes in our delay times for all exchanges). He is a member of the Board of Overseers 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. in conjunction with the other cautionary statements that are included in The program would allow investors who direct their money into distressed communities to defer capital gains taxes for up to 10 years. 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). This press release does not constitute an And so, for me, there are two major pillars. Pamela Joyner serves as an independent director and a member of the nominating and corporate governance committee of our board of directors. This press release contains forward-looking statements that are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Data delayed We sought to build this transformational platform to meet what we view as an underserved need in the climate finance marketplace for both investors and industry participants.. So weve cut taxes, but we always have believed in the Laffer Curve or the inverse relationship. Mr. Rowan is a Co-Founder and CEO of Apollo Global Management, Inc. within the meaning of Section 27A of the Securities Act of 1933, as He currently serves as president of Pendral Capital, where he both invests and advises technology clients on strategic transactions. Mr. Beilinson previously served as Chief Restructuring Officer of Fisker Automotive from November 2013 to August 2014 and as Chief Restructuring Officer and Chief Executive Officer of Eagle Hospitality Properties Trust, Inc. from August 2011 to December 2014 and Innkeepers USA Trust from November 2008 to March 2012. 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 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. 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.