Mr. Ducey joined Ciner Resources Corporation (formerly OCI Resources LP) as an independent member of the board of directors in September 2014, where he serves on the audit committee and the conflicts committee. bench of world-class talent that we continue to develop and promote at | Source: In their new capacities, Mr. Kleinman and Mr. Zelter will have full We look forward to jointly leading Mr. Kleinman serves on Apollos Management and Executive Committees. Scott Kleinman, 44, is the Lead Partner for Private Equity and a member of Apollos Management Committee. UPenn Receives $10 Million for Energy Policy Center PD=Previous Day. 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 1998 to 2001, Mr. Krongard served as Counselor to the Director of Central Intelligence. He graduated from the College of William & Mary, where he received a bachelors degree in Economics. Using a hands-on approach to management, Alex is involved in all facets of the company, including client consultations and project management. 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. Prior to joining Apollo in 2006, Mr. Zelter was with Citigroup 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. Mr. Krongard also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. 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. Assets ($13 billion of AUM) funds invested across a core group of nine When we think of using the tax code to effect economic change and stimulate investment, we tend to think of it as something that Democrats do more than Republicans. Scott Kleinman - Co-President @ Apollo - CrunchBase Broadband and online services are a prerequisite for success in most of America. 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. Senior partners Matt Nord and David Sambur have been promoted to co-lead partners of private equity, the alternative asset manager announced Thursday. Terms of Use. 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. from the University of Maryland School of Law, where he also graduated with honors. 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. These statements are subject to certain risks, 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. non-historical statements in the discussion and analysis. In 1947, Alex Quattlebaum, Sr., went into business with Harllee, renaming the company Harllee-Quattlebaum, Inc., where they continued to build homes, including several thousand at Camp Lajeune in North Carolina. I think weve seen that number improve for every minority group. 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. 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. 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. Dr. Healey served as an independent director of AAMs board of directors from March 2021 through December 2021. 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. 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. 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. How do you approach this as a Republican, when the classic Republican thinking is, Just let the market decide? committees in their respective areas of focus. Terms of Use. at the University of Pennsylvania School of Design. Were going to have a focus on the jobs of the future. 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. LLCGary M. Stein, 212-822-0467Head of Corporate Scott, for his part, said he thought the program could create enormous investment within just a couple of years. 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. We always struggle with an even spread of resources, he said, noting that one way government can address this is to ensure better access to broadband internet outside of major metropolitan centers. 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. closely with the founders and the members of the Management Committee to Corner Office, This content is from: Apollo Global Management, LLCCharles Zehren, 212-843-8590czehren@rubenstein.com. | Raymond McCrea Jones for POLITICO. Talking with Secretary Mnuchin and others, they see, on the sidelines, $5 billion to $10 billion initially, looking to be deployed in just a few states. 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. forward-looking statements are based on management's beliefs, as well as Matt Nord and David Sambur, Apollo., Mr. Harris said, Scott has been with Apollo for more than two decades, Scott and Jim are two of the most talented investors and managers in And then later deciding on the job they want because of the ability to work from home. Holdings, LLC, Momentive Performance Materials Holdings, Inc., and Chairman, Chief Executive Officer and Founder, Josh Harris, Senior When that happens, you see the most even spread of our resources. I am certainly an advocate of the free market, without any question, Scott told me in an interview. Given the approximately $4.5 trillion in investments needed annually to achieve the global energy transition by 2050, ACT Capital seeks to accelerate the pace of climate and transition capital deployment.3 ACT Capital will leverage the breadth of Apollos sourcing capabilities across market cycles to target global opportunities in energy transition, industrial decarbonization, sustainable mobility, sustainable resource use, and sustainable real estate. Less than six months ago, it was under 6 percent. So weve cut taxes, but we always have believed in the Laffer Curve or the inverse relationship. PD=Previous Day. Singapore, Hong Kong and Shanghai. WebScott aims to formally announce the bid by the end of May, according to a person familiar. businesses. Mr. 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. In the Opportunity Zones, the poverty rate is over 30 percent. 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. Ive been on a national opportunity tour. In addition, Mr. Belardi is the founder, Chairman and Chief Executive Officer of ISG, AHLs investment manager. What type of business do you see taking advantage of this Opportunity Zone? The Asia Pacific Groupheld its annual regional meeting in Tokyo on November 19-20, 2022. Tax incentives havent always proved successful in addressing entrenched poverty or stopping the decline of local economies based on old-line industries. 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. Operating Officer - Credit; Stephanie Drescher, Global Head of Business Marc A. Beilinson serves as an independent director and Chairperson of the compensation committee of our board of directors. It continues to increase. We are going to have to not look at cutting benefits for our current people. Theres over a trillion dollars on the sidelines that could be deployed, he told me. This new leadership He is a member of the Board of Overseers the University of Pennsylvania. 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. As Co-President, he co-leads AAMs day-to-day operations Prior to 2008, Ms. Richards served as Director of Development of Saltus Grammar School from 2003 to 2008, as Chief Financial Officer of Lombard Odier Darier Hentsch (Bermuda) Limited from 2001 to 2003, and as Treasurer of Gulf Stream Financial Limited from 1999 to 2000. Jim joined Apollo more than a decade ago, and he has done an Today, its in the low 6 percent range. 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.
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