| Raymond McCrea Jones for POLITICO. There are 1 executives at Apollo Global Management Inc getting paid more, with JamesZelter having the highest compensation of $85,389,504. a High Yield Trader at Goldman Sachs & Co. Mr. Zelter is a board member of DUMAC, the investment management company 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. 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 member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design.s. The estimated Net Worth of Scott Kleinman is at least $114 Million dollars as of 19 February 2021. (AUM) of approximately $242 billion as of September 30, 2017 in Private 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. businesses, and Mr. Zelter will focus on Apollos credit and yield net income and cash flow, our use of leverage to finance our businesses From 2002 to 2006, Mr. Suydam was a partner at OMelveny & Myers LLP where he served as head of Mergers and Acquisitions and co-head of the Corporate Department. from the University of Pennsylvania Law School (cum laude, Order of the Coif). Apollo., Mr. Harris said, Scott has been with Apollo for more than two decades, Matt Nord and David Sambur, and he has played a critical role in driving the growth of our private uncertainties and assumptions, including risks relating to our Scott Kleinman is 47, he's been the Co-President of Apollo Global Management Inc since 2018. Ms. Richards also serves as a member of the Audit and Governance Committees of the board of directors of Wyndham Hotels and Resorts. From 2004 through 2008, he was Senior Managing Director of Evercore Partners Inc., a public investment banking advisory firm, where he established and ran the San Francisco office. related to Apollos expectations regarding the performance of its our Subscriber Agreement and by copyright law. In its early days, the company focused on general construction throughout the area, building roads and homes. This site uses cookies. Prior to joining Apollo, Mr. Kleinman was a member of the Investment How does it break down between rural and urban? businesses. In addition, Mr. Belardi is the founder, Chairman and Chief Executive Officer of ISG, AHLs investment manager. 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. Richard Emerson serves as an independent director and a member of the compensation committee of our board of directors. To see how cookies are used, please review our cookie notice. Recent Posts. 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. Scott, for his part, said he thought the program could create enormous investment within just a couple of years. Im sure youre probably hopeful that the tax cuts will pay for themselves long term. 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. 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. Ms. Richards also serves as an independent director and Chair of the audit committee of Apollo Global Management, Inc.s board of directors. Alex has been working for the company since he was a teenager, doing construction work during his summers off from school. Prior to joining Citigroup in 1994, Mr. Zelter was This dedicated strategy will employ the expertise of Apollos broader sustainable investing platform, as well as the Firms long-standing sustainability ecosystem. The states that Ive talked to, I would add on top of that number another $10 billion or $15 billion. He also enjoys hunting, fishing, collecting antique wooden boats, anything that involves being on the water and good wine. When Scott Kleinman joined Apollo Global Management in 1996, the firm founded by Leon Black, Mark Rowan and Josh Harris as a distressed debt specialist 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. 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 second is the education pillar. a member of Apollos Management Committee, and Chief Executive Officer Chairman, Chief Executive Officer and Founder, Josh Harris, Senior As the Co-President of Apollo Global Management Inc, the total compensation of Scott Kleinman at Apollo Global Management Inc is $18,615,200. 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. Today, its in the low 6 percent range. Apollo Global Management, LLCCharles Zehren, 212-843-8590czehren@rubenstein.com. Prior to joining Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. Mr. Kleinman serves on the board of directors of Athene Holding Ltd. Apollo Global Management has new leadership for its $77 billion private equity business. Holdings, LLC, Momentive Performance Materials Holdings, Inc., and You can actually reduce our long-term exposure without touching current beneficiaries, or, frankly, people within a 10-year window of receiving their benefits from an entitlement perspective of Medicare and Social Security. 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. If you're happy with cookies click proceed. We are dispersed right now, you and I. Prior to that time, Mr. Suydam served as Chairman of the law firm OSullivan, LLP which specialized in representing private equity investors. I think a realistic estimate in the first few years would be about $100 billion. of the Management Committee include: Gary Parr, Senior Managing In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at the University of Pennsylvania. To learn more, please visit www.apollo.com. non-historical statements in the discussion and analysis. 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. 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 Mr. Kelly joined Apollo in 2012 and serves as Chief Financial Officer of Apollo Global Management, Inc. Mr. Kelly also served as Chief Financial Officer of Apollo Asset Management, Inc. from September 2012 through February 2022 and Co-Chief Operating Officer of Apollo Asset Management, Inc. from January 2019 through December 2021. Ive gone to states like West Virginia, Iowa, New Hampshire, that have large rural populations, including South Carolina It absolutely works in rural areas, from poverty to the opioid crisis, and in inner cities. Sen. Tim Scott, a Republican and the first African American to represent South Carolina in the U.S. Senate, outside his childhood home in North Charleston. Apollo Co-Presidents Scott Kleinman and Jim Zelter said, As private capital markets continue to grow, mature and evolve, so too do the needs of market participants. 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. White: OK. And then when were talking about these Opportunity Zones, I think you referenced a number, 50 million, as in the number of people that could be impacted by this. We undertake no obligation to 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. Scott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating 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. Director; Joseph Azelby, Global Head of Real Assets; Lisa Bernstein, . in Economics from the University of Cambridge (Thouron Scholar), and a J.D. 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. from the Indiana University Kelley School of Business and an MBA from Columbia University. 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. He left the Harllee-Quattlebaum Company in 1986 to pursue development work on his own, but in 1996 took over the company after the death of his uncle, renaming it Quattlebaum Development Company. ability to manage our growth, fund performance, changes in our Mr. Krongard also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. Board & Executive Officers :: Apollo Global Management, Inc. (APO) Ms. Joyner served as an independent director of Apollo Asset Management, Inc.s board of directors from March 2021 through December 2021. About 70maybe its 67 percent67 percent of the budget is on automatic increase because those are our mandatory spending programs. 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. She has been a fellow at the Harvard Kennedy Schools Institute of Politics and Harvards Center for Public Leadership. management across Credit, Private Equity and Real Assets and a deep He also chaired the Subcommittee on Financial Institutions and Consumer Protection. in political science from Harvard University. I think a realistic estimation, in the first few years, would be about $100 billion.. Apollo had assets under management Most recently, Mr. Beilinson served as Chief Restructuring Officer of Newbury Common Associates LLC (and certain affiliates) from December 2016 to June 2017. 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. Mr. Ducey graduated from Otterbein University with a degree in Economics and an M.B.A. in finance from the University of Dayton. He lives in downtown Charleston with his wife, Marlene, and daughter, Isabel. WebScott Kleinman joined Apollo Global Management, in 1996 and is currently the Co-President. Scott Kleinman - Biography - MarketScreener.com Mr. Swann currently serves on the boards of directors of Evoqua Water Technologies and American Homes 4 Rent, and has previously served on the boards of a number of publicly-traded, privately-held and non-profit entities, such as Fluor Corporation, Caesars Entertainment Corp., Hershey Entertainment and Resorts, H.J. Apollo It continues to increase. Senator Toomey has a B.A. in our periodic filings with the SEC, which are accessible on the SECs | Source: delay times for all exchanges). Zelter to serve as Co-Presidents. What you find is that educational success seems to be still a strong indicator of the evenness of this opportunity in America. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. She has also previously served on the board of directors of Revlon. businesses. received a BA and BS from the University of Pennsylvania and the Wharton 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. Apollo Global Management has new leadership for its $77 billion private equity business. 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. 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. 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. He served as President of Simon Property Groups predecessor from 1993 to 1996, and he has served as a director of Simon Property Group or its predecessor since the companys incorporation in 1993, beginning his role as Chairman in 2007. Apollo Prior to joining Citigroup in 1994, Mr. Zelter was a High Yield Trader at Goldman, Sachs & Co. Mr. Zelter has significant experience in global credit markets and has overseen the broad expansion of AGMs credit platform. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at Parker eventually enlisted Scott in his effort to get the Opportunity Zones into legislation. Apollo Global Management, LLC (together with its consolidated Japan Center for International Exchange Mr. Beilinson has served as a director of Athene Holding Ltd. (AHL) since 2013, and is the lead independent director, the chair of AHLs compensation committee and a member of AHLs conflicts committee and legal and regulatory committee. Apollo Quattlebaum Development Company traces its beginnings back to 1927 when it was originally founded by Capt. From 2008 to 2012, Mr. Kelly was with Barclays Capital and, from 2000 to 2008, Mr. Kelly was with Lehman Brothers Holdings Inc. Ms. Richards graduated from Queens University, Ontario, Canada, with a BA in psychology and has obtained certification as a CPA, CMA. of the worlds leading alternative investment managers.. He began his career in financial services at Chemical Bank and then Morgan, Grenfell & Co. Mr. Kelly was appointed a Partner of the firm in 1999. She is a member of the Board of Prudential Insurance Funds and previously served on the Board of Directors for Sothebys until it went private in 2019. Using a hands-on approach to management, Alex is involved in all facets of the company, including client consultations and project management. 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. If you agree to our use of cookies, please continue to use our site. Managing Director and Co-Founder, and Marc Rowan, Senior Managing Mr. Simon served as an independent director of Apollo Asset Management, Inc.s board of directors from June 2021 through December 2021. Mr. Zelter has a B.A. 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. Scott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). April 26, 2023 08:00 ET Mr. Suydam received his J.D. NEW YORK--(BUSINESS WIRE)-- this press release and in other filings. 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. Apollo Launches Clean Transition Capital Strategy to Apollo Global Management Names Scott Kleinman and James Market Data copyright 2023 QuoteMedia. 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. LLCGary M. Stein, 212-822-0467Head of Corporate Scott Kleinman - Co-President - Apollo Global Management Inc. offer of any Apollo fund. Ms. Richards was also a member of the conflicts committee of AAMs board of directors from October 2020 through December 2021. 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. Equity ($70 billion of AUM), Credit ($158 billion of AUM) and Real 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. 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. Scott Kleinman - Co-President - Apollo Global Management Inc. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. He enjoys racing historic cars and wingshooting. https://www.wsj.com/articles/apollo-taps-new-co-heads-of-private-equity-business-11569495601. In addition, he is involved in public policy and is an initial funder and contributor to the development of the Penn Wharton Budget Model, a nonpartisan research initiative which provides analysis of public policys fiscal impact. And then later deciding on the job they want because of the ability to work from home. Operating Officer - Credit; Stephanie Drescher, Global Head of Business in Engineering from the University of Pennsylvania (summa cum laude), a B.A. These forward-looking statements are based on managements beliefs, as well as assumptions made by, and information currently available to, management. Scott Kleinman 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. The strategy launches with $4 billion in deployable capital from Apollo affiliates and strategic partners and will enable investment into a diversified global portfolio of yield and hybrid investments.1, Last year, Apollo launched its Sustainable Investing platform, which targets deploying $50 billion in clean energy and climate capital by 2027 and sees the opportunity to deploy more than $100 billion by 2030. Gunn, 212-822-0540Investor Relations Managerngunn@apollolp.comorFor Unfortunately, at the exact same time, what were seeing is that spending has not leveled off, its not plateaued. 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. Ben White: I wanted to start with a kind of existential question. From 2003 to 2005, Mr. But in order for that to happen, were going to have to do that in a bipartisan fashion or it just will not happen. Not as young as you are, Ben, but Im a young fellow. Corner Office, This content is from: 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. 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. Republican Tim Scott Will Challenge Trump in May for the 2024 View source version on businesswire.com: http://www.businesswire.com/news/home/20171113005364/en/, For investor inquiries regarding Apollo:Apollo Global Management, Treasury Secretary Steven Mnuchin has suggested that the program could attract $100 billion in investment in distressed areas. Financial Officer; Gernot Lohr, Senior Partner; Sanjay Patel, Head of Meisan Tameike Bldg. In its first year, Apollo's sustainable investment platform deployed over $6 billion toward its target.2. The most active insiders traders include Marc J Rowan, Leon D Black, and Joshua Harris. 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 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. There are 17 older and 2 younger executives at Apollo business, its liquidity and capital resources and the other These statements include, but are not limited to, discussions Apollo Taps New Co-Heads of Private-Equity Business. extraordinary job overseeing the growth of our credit business into one Harry Lee Harllee, the great uncle of today's company principals, as Harllee Construction Company in Florence, S.C. Prior to joining Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. How do you approach this as a Republican, when the classic Republican thinking is, Just let the market decide? So when you take those dots and you connect them back, what do you find? Apollo Global Management Inc. has promoted two longtime partners to lead its private-equity business, which has $77 billion in assets. 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. There are 17 older and 2 younger executives at Apollo Global Management Inc. in Economics from Duke University. Give 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 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. Ms. Bibliowicz is a successful entrepreneur and organizational leader within financial services with more than 30 years of experience with public and private companies. 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. PD=Previous Day. 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. Scott: I was at lunch today with some folks and the primary question on their minds was the national debt and how we wrestle with that. 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. If you agree to our use of cookies, please continue to use our site. Kappa. and investments by our funds and litigation risks, among others. 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. continue to deliver value to investors and drive Apollo forward as one Mr. Emerson served as an independent director of Apollo Asset Management, Inc.s board of directors from March 2021 through December 2021. Scott, the first African-American senator from South Carolina since the end of Reconstruction, grew up in working-class poverty. from the University of Maryland School of Law, where he also graduated with honors. 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. Ms. Joyner is a founding partner of Avid Partners LLC, a strategic marketing consulting firm. 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. When used in this press release, the words believe, anticipate, Let me give you just two real-world examples. Heinz Company and the Professional Golfers Association (PGA) of America. In a paper earlier this year, Adam Looney, senior fellow at the Urban-Brookings Tax Policy Center, said there isnt good evidence that tax incentives actually boost low-income local residents; Empowerment Zones, a previous government effort to boost troubled areas, wound up costing $850 per resident and in the end was limited to just 11 neighborhoods. and M.A. Apollo is a high-growth, global alternative asset manager. He currently serves as president of Pendral Capital, where he both invests and advises technology clients on strategic transactions. We look forward to jointly leading Apollo 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. This press release does not constitute an offer of any Apollo fund. Scott Kleinman Net Worth (2023) | wallmine 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. The oldest executive at Apollo Global Management Inc is AlvinKrongard, 83, who is the Independent Director. I think weve seen that number improve for every minority group. Mr. Kleinman joined Apollo in 1996, 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. Scott: Theres over $1 trillion on the sidelines in the United States that could be deployed.
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