Terms of Use. Are there other policy levers that we could be pulling? Pamela Joyner serves as an independent director and a member of the nominating and corporate governance committee of our board of directors. WebScott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). In addition to Messrs. Harris, Kleinman, and Zelter, the other members This press release does not constitute an 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. The appointments of Mr. Kleinman and Mr. Zelter to the newly created Market Data copyright 2023 QuoteMedia. Q&A: Siemens CEO sees a skills gap in the U.S. Is our education system the right fit for American workers. The program would allow investors who direct their money into distressed communities to defer capital gains taxes for up to 10 years. Holdings, LLC, Momentive Performance Materials Holdings, Inc., and 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. this press release and in other filings. 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. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at the University of Pennsylvania. 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. https://www.wsj.com/articles/apollo-taps-new-co-heads-of-private-equity-business-11569495601. 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. And frankly, theres typically an uneven success trajectory. closely with the founders and the members of the Management Committee to Alex Quattlebaum, III principal with Quattlebaum Development Company, is responsible for the day-to-day operations of running the business, which he does so alongside his brother Scott. 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. Alex's knowledge and experience have taken him all over the world to almost 35 countries in Europe, South America, Africa, Asia and the Caribbean, and he speaks Swahili, Spanish and is conversant in other languages. Scott began his career with the company as a teenager by working summers in construction. From 2008 to 2012, Mr. Kelly was with Barclays Capital and, from 2000 to 2008, Mr. Kelly was with Lehman Brothers Holdings Inc. The second example would be, we are heading towards a service economy in South Carolina. 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. estimate, expect, intend and similar expressions are intended to 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. in conjunction with the other cautionary statements that are included in RT=Real-Time, EOD=End of Day, I think a realistic estimation, in the first few years, would be about $100 billion.. Richard Emerson serves as an independent director and a member of the compensation committee of our board of directors. Apollo Global Management has new leadership for its $77 billion private equity business. We are going to have to not look at cutting benefits for our current people. Ms. Joyner served as an independent director of Apollo Asset Management, Inc.s board of directors from March 2021 through December 2021. 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. 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. 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. Mr. Ducey was with Compass Minerals International, Inc., from March 2002 to May 2006, where he served in a variety of roles, including as President, Chief Executive Officer and Director prior to his retirement in May 2006. Scott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). Mr. Clayton served as Chair of the SEC from May 2017 through December 2020. To see how cookies are used, please review our cookie notice. 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. structure affirms and strengthens the inherent power of our integrated 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. businesses, and Mr. Zelter will focus on Apollos credit and yield 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 also enjoys hunting, fishing, collecting antique wooden boats, anything that involves being on the water and good wine. 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. Scott Kleinman is Co-President of Apollo, sharing responsibility for all of Apollos revenue-generating and investing business across its integrated alternative These statements are subject to certain risks, 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. 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. Previously, she held senior positions at Bowman Capital Management LLC and Capital Guardian Trust 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. Ms. Hormozi has extensive experience in both the public and private sectors of the legal field. Back on U.S. soil and after graduating from Clemson in 1965, Alex began working for his family's construction company, which moved to Charleston in 1974, in a variety of roles, rising from assistant superintendent to president. 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. 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. How do you approach this as a Republican, when the classic Republican thinking is, Just let the market decide? 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. Scott attended the College of Charleston and also holds an associate's degree in construction project management. Senator Toomey has a B.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. 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 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: 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. Dr. Kerry Murphy Healey serves as an independent director and Chairperson of the sustainability and corporate responsibility committee of AGMs board of directors. Form 10-K filed with the Securities and Exchange Commission (the SEC) strategic leadership and investment committee decision-making. We Scott Kleinman is Co-President of Apollo, sharing responsibility for all of Apollos revenue-generating and investing business across its integrated alternative He is a member and former chairman of the National Association of Real Estate Investment Trusts. global investment platform with $242 billion of total assets under The new strategy is being launched with $4 billion in capital from Apollo affiliates and strategic partners. Ms. Richards currently serves as Chief Operating Officer of Trebuchet Group Holdings Limited, a position she has held since 2008. As of 19 February 2021 he still owns at least 1,460,908 units of Apollo Global Management Inc stock. Mr. delay times for all exchanges). 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. 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. As an example, 10 years ago, the African American unemployment was about 12 or 13 percent. Mr. Ducey served as Chair of the conflicts committee of AAMs board of directors from 2011 through December 2021. Scott Kleinman, 44, is the Lead Partner for Private Equity and a member Treasury Secretary Steven Mnuchin has suggested that the program could attract $100 billion in investment in distressed areas. But in order for that to happen, were going to have to do that in a bipartisan fashion or it just will not happen. This new leadership And the real question is, how do we break that cycle? Mr. Suydam serves on the boards of The Legal Action Center, Environmental Solutions Worldwide, Inc. and New York University School of Law. The Quattlebaum family emphasizes hands-on management, down to the smallest details, including being on site for all phases of construction for every property. Apollo is a high-growth, global alternative asset manager. 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. 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. Lynn Swann serves as an independent director and a member of the compensation committee of our board of directors. Europe; and John Suydam, Chief Legal Officer. He is a member of the Board of Overseers 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. Zelter was Chief Investment Officer of Citigroup Alternative You can see the complete history of Mr. Kleinman stock trades at the bottom of the page. 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. So while were going to continue to celebrate our success as a manufacturing headquarters, we are, at some point in the future, going to become what we call the Silicon Harbor in Charleston, in the upstate. 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. Donor Carl Goldsmith Market Data copyright 2023 QuoteMedia. Mr. Suydam received his J.D. Scott Kleinman is 47, he's been the Co-President of Apollo Global Management Inc since 2018. Mr. Beilinson currently serves on the boards of directors of Exela Technologies and Playtika, as well as several privately held companies. 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. 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 addition, he makes $18,615,200 as Co-President at Apollo Global Management Inc. Scott has made over 6 trades of the Apollo Global Management Inc stock since 2019, according to the Form 4 filled with the SEC. Apollo II is led by CEO Sanjay Patel, Executive Chairman Scott Kleinman and CFO and Chief Acccounting Officer James Crossen. a member of Apollos Management Committee, and Chief Executive Officer 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. 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. 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. and he has played a critical role in driving the growth of our private Another issue, of course, is the connectivity issue. 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. Communicationsgstein@apollolp.comorNoah There have been communities that have been mired in poverty for generations. But how much do you worry now about that growing deficit and the debt on economic growth and interest rates going forward? 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. WebMr. Earlier in her career, Ms. Bibliowicz held senior management positions at Prudential Mutual Funds and Smith Barney Mutual Funds. Scott Kleinman, 44, is the Lead Partner for Private Equity and a member of Apollos Management Committee. 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. Apollo Taps New Co-Heads of Private-Equity Business. Prior to joining Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. Scott: Ben, thats a great question. 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. I am certainly an advocate of the free market, without any question, Scott told me in an interview. James Zelter, 55, is the Managing Director of Apollo's Credit business, Mr. Belardi is responsible for AHLs overall strategic direction and management and the day-to-day management of its investment portfolio. Mr. Belardi swam in the 1976 and 1980 Olympic Swimming Trials and is a nine-time Masters Swimming World Record Holder. This press release does not constitute an offer of any Apollo fund. If you agree to our use of cookies, please continue to use our site. These statements include, but are not limited to, discussions 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 the University of Pennsylvania Law School (cum laude, Order of the Coif). Market Data powered by White: So Im a distributed worker and Im. delay times for all exchanges). received a BA and BS from the University of Pennsylvania and the Wharton When he isn't doing business across the globe, he keeps himself busy with an assortment of hobbies. 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. Prior to joining Lehman Brothers in 2000, Mr. Kelly spent 13 years with PricewaterhouseCoopers LLP, including serving in the Financial Services Group in New York from 1994 to 2000. Mr. Kelly received a degree in Commerce, majoring in Finance and Accounting, from the University of New South Wales in 1989. of directors of Constellis Holdings, CH2M Hill Companies, Ltd., Hexion 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. This founding gift continues to support the center and its broad array of programs. Apollo Global Management Inc. has promoted two longtime partners to lead its private-equity business, which has $77 billion in assets. Scott Kleinman - Co-President - Apollo Global Management Inc. 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: taking advantage of connectivity. Im sure youre probably hopeful that the tax cuts will pay for themselves long term. Wassenaar joined Apollo as a partner in August of last year, while Strong has been at the firm since 2012. 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. WebScott began his career with the company as a teenager by working summers in construction. First would be, in South Carolina, we are a transportation-centric state. Scott: Sure. Prior to 1998, Mr. Krongard served in various capacities at Alex Brown, Incorporated, including serving as Chief Executive Officer beginning in 1991 and assuming additional duties as Chairman of the board of directors in 1994. What else can Washington be doing to kind of work with states to address this problem of access to opportunity? The states that Ive talked to, I would add on top of that number another $10 billion or $15 billion. Most recently, Mr. Beilinson served as Chief Restructuring Officer of Newbury Common Associates LLC (and certain affiliates) from December 2016 to June 2017. 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. What type of business do you see taking advantage of this Opportunity Zone? Matt Nord and David Sambur, 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. The following transcript has been condensed and lightly edited for clarity. Ms. Richards was also a member of the conflicts committee of AAMs board of directors from October 2020 through December 2021. 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 He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design.s. Exactly. In addition, Mr. Belardi is the founder, Chairman and Chief Executive Officer of ISG, AHLs investment manager. 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. 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. committees in their respective areas of focus. 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 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. 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. 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. Senior partners Matt Nord and David Sambur have been promoted to co David Simon serves as an independent director. In connection with these appointments, the current roles of Leon Black, 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.
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