Marc Rowan Considered for Treasury Secretary: What It May Mean for Apollo (APO)


Apollo Global Management Inc. Chief Executive Officer Marc Rowan’s potential next act as US Treasury secretary would thrust the firm he co-founded into an entirely new era of leadership. It may also help unlock trillions of dollars for its hottest business line.

In the roughly three years since co-founders Leon Black and Josh Harris left the company, Rowan has helped transform Apollo from a feared distressed-debt investor into a buzzy, money-spinning lending machine that rivals Wall Street’s banks. He also ushered in an era of stability and prosperity after a tumultuous power struggle. During his tenure, assets have soared to $733 billion, and its stock has more than tripled.



Source link


Posted

in

by

Tags:

All content (written, visual, audio materials, etc.) available on this website is provided for informational and personal use only. The unauthorized copying, reproduction, distribution, or use of this content on other platforms is prohibited under U.S. Copyright Law, the Digital Millennium Copyright Act (DMCA), and relevant international laws. Unless otherwise stated, all content is the intellectual property of www.bestfinder.net. In the case of unauthorized use, we reserve the right to initiate legal proceedings.