He also enjoys hunting, fishing, collecting antique wooden boats, anything that involves being on the water and good wine. During his service, he was responsible for surveying, as well as design and construction of roadways, bridges and infrastructure in the Southern Province of Tanganyika (now Tanzania). 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. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. President George W. Bush appointed Mr. Swann as the Chairman of the Presidents Council on Fitness, Sports and Nutrition, where he served from 2002 to 2005. Recent Posts. 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. our Subscriber Agreement and by copyright law. the expectations reflected in these forward looking statements are If you agree to our use of cookies, please continue to use our site. 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. 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 He is a member of the Board of Overseers structure affirms and strengthens the inherent power of our integrated 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. 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. This site uses cookies. 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. He is a member of AHLs executive committee and ISGs executive committee. Marc A. Beilinson serves as an independent director and Chairperson of the compensation committee of our board of directors. Scott: Sure. Mr. Kongard was also a member of the conflicts committee of AAMs board of directors from January 2019 through December 2021. Ms. Joyner holds a BA from Dartmouth College, an MBA from Harvard University and an Honorary Degree from Dartmouth College. 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. School of Business, respectively, graduating magna cum laude, Phi Beta What type of business do you see taking advantage of this Opportunity Zone? Mr. Simon served as an independent director of Apollo Asset Management, Inc.s board of directors from June 2021 through December 2021. in political science from Harvard University. White: So Im a distributed worker and Im. 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. During the early 1970s, Alex was instrumental in creating the first Foreign Trade Zone in South Carolina and has owned and operated Foreign Trade Zones since 1974. of the worlds leading alternative investment managers.. And so you could see the development of a support company for the Boeing Corporation here in North Charleston, whether its providing paint for the planes, or rubber for the wheels, or any other aspect of the engineering for the planes, theres a ton of opportunities out there that you could see. Previously, she held senior positions at Bowman Capital Management LLC and Capital Guardian Trust Company. Scott: Theres over $1 trillion on the sidelines in the United States that could be deployed. The appointments of Mr. Kleinman and Mr. Zelter to the newly created Zelter was Chief Investment Officer of Citigroup Alternative regulatory environment and tax status, the variability of our revenues, As a principal with Quattlebaum Development Company, alongside his brother Alex, Scott Quattlebaum is involved in all aspects of the business, including contracting, construction consulting, project management and brokerage transactions. This dedicated strategy will employ the expertise of Apollos broader sustainable investing platform, as well as the Firms long-standing sustainability ecosystem. in Economics from the University of Cambridge (Thouron Scholar), and a J.D. Scott attended the College of Charleston and also holds an associate's Mr. Beilinson currently serves on the boards of directors of Exela Technologies and Playtika, as well as several privately held companies. There are 1 executives at Apollo Global Management Inc getting paid more, with JamesZelter having the highest compensation of $85,389,504. dependence on certain key personnel, our ability to raise new private Mr. Simon earned a B.S. 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 to serve as Co-Presidents. What else can Washington be doing to kind of work with states to address this problem of access to opportunity? QuoteMedia. 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. 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, 44, is the Lead Partner for Private Equity and a member of Apollos Management Committee. bench of world-class talent that we continue to develop and promote at As the Co-President of Apollo Global Management Inc, the total compensation of Scott Kleinman at Apollo Global Management Inc is $18,615,200. net income and cash flow, our use of leverage to finance our businesses One of the things that was clear to most of us at the table is that the tax cuts, so far, have actually increased revenues to the federal government, not decreased it. Mr. Belardi is responsible for AHLs overall strategic direction and management and the day-to-day management of its investment portfolio. Alex was previously on the advisory board of Trident Technical College. Ms. Richards also serves as a member of the Audit and Governance Committees of the board of directors of Wyndham Hotels and Resorts. Holdings, LLC, Momentive Performance Materials Holdings, Inc., and She continued to serve in both roles until NFP was acquired in 2013. To see how cookies are used, please review our cookie notice. She has been a fellow at the Harvard Kennedy Schools Institute of Politics and Harvards Center for Public Leadership. So weve cut taxes, but we always have believed in the Laffer Curve or the inverse relationship. These statements are subject to certain risks, Ms. Hormozi was Executive Vice President and General Counsel of Revlon, Inc. from April 2015 to July 2019, where she was responsible for overseeing Revlons legal affairs worldwide. Terms of Use. As an example, 10 years ago, the African American unemployment was about 12 or 13 percent. 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. 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. 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. on February 29, 2016, as such factors may be updated from time to time committees in their respective areas of focus. 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. This copy is for your personal, non-commercial use only. 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. 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. He has consulted on development projects and the creation of Foreign Trade Zones for different governments and organizations that include the World Bank; the CIA; the Free Zone division of the Services Group in Washington, D.C. (of which he was a founding board member); the U.S. Agency for International Development (USAID); United Nations Educational, Scientific and Cultural Organization (UNESCO) and more. If you're happy with cookies click proceed. This press release does not constitute an offer of any Apollo fund. 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. Scott Kleinman is 47, he's been the Co-President of Apollo Global Management Inc since 2018. their distinguished careers, said Mr. Black. businesses. 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. Mr. Kleinman joined Apollo in 1996, Apollo Co-President Scott Kleinman said: We believe ACT Capital is a premier financing solution for companies around the globe who require significant, The oldest executive at Apollo Global Management Inc is AlvinKrongard, 83, who is the Independent Director. 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. required by applicable law. Mr. Suydam serves on the boards of The Legal Action Center, Environmental Solutions Worldwide, Inc. and New York University School of Law. http://www.businesswire.com/news/home/20171113005364/en/. Mr. Ducey graduated from Otterbein University with a degree in Economics and an M.B.A. in finance from the University of Dayton. First would be, in South Carolina, we are a transportation-centric state. White: I want to ask you, more broadly, about what role government can play here. 15 minutes unless otherwise indicated (view 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. 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. 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. These She is a member of the Council on Foreign Relations and the Trilateral Commission, and a trustee of the American University of Afghanistan and the American University of Bahrain. Scott Kleinman is Co-President of Apollo, sharing responsibility for all of Apollos revenue-generating and investing business across its integrated alternative David Sambur, left, and Matt Nord have overseen several recent Apollo deals. Portfolio. As long as there is need, I think the Opportunity Zone legislation provides an answer for those areas. 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. As Co-President, he co-leads AAMs day-to-day operations the industry, and their promotions reflect a natural progression of 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. He received degrees from both the university and the Wharton School, graduating magna cum laude in 1994. positions of Co-President will be effective as of January 1, 2018, and View source version on businesswire.com: http://www.businesswire.com/news/home/20171113005364/en/, For investor inquiries regarding Apollo:Apollo Global Management, Ms. Richards also serves as an independent director and Chair of the audit committee of Apollo Global Management, Inc.s board of directors. executive leadership team with the elevation of Scott Kleinman and James And I will tell you that all my life Ive seen the same thing play out, and that is that theres always an uneven recovery. Scott Kleinman is lead partner for private equity at Apollo Global Management, LLC in New York City. David Simon serves as an independent director. Director and Co-Founder, will continue with respect to Apollos Most recently, Mr. Beilinson served as Chief Restructuring Officer of Newbury Common Associates LLC (and certain affiliates) from December 2016 to June 2017. 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. 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. Higher unemployment typically leads to more government services. 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. 1 This figure reflects a combination of equity commitments and anticipated pro forma leverage.2 Reflects (a) for equity investments: (i) total enterprise value at time of signed commitment for initial equity commitments; (ii) additional capital contributions from Apollo funds and co-invest vehicles for follow-on equity investments; and (iii) contractual commitments of Apollo funds and co-invest vehicles at the time of initial commitment for preferred equity investments; (b) for debt investments: (i) purchase price on the settlement date for private non-traded debt; (ii) increases in maximum exposure on a period-over-period basis for publicly-traded debt; (iii) total capital organized on the settlement date for syndicated debt; and (iv) contractual commitments of Apollo funds and co-invest vehicles as of the closing date for real estate debt; (c) for SPACs, the total sponsor equity and capital organized as of the respective announcement dates; (d) for platform acquisitions, the purchase price on the signed commitment date; and (e) for platform originations, the gross origination value on the origination date.3 Midpoint of low-end and high-end estimated energy and infrastructure spend required to achieve net zero over the next 30 years per BloombergNEF, July 2021. For more than three decades, Apollos investing expertise across its fully integrated platform has served the financial return needs of its clients and provided businesses with innovative capital solutions for growth. subsidiaries, "Apollo") (NYSE:APO) today announced the expansion of its 15 minutes unless otherwise indicated (view 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. Treasury Secretary Steven Mnuchin has suggested that the program could attract $100 billion in investment in distressed areas. This site uses cookies. management across Credit, Private Equity and Real Assets and a deep From 1998 to 2001, Mr. Krongard served as Counselor to the Director of Central Intelligence. Mr. Ducey served as Chair of the conflicts committee of AAMs board of directors from 2011 through December 2021. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at Today, the company is run by Alex, Jr.'s sons, Alex, III and Scott Quattlebaum, and focuses on both industrial and commercial development. Apollo had assets under management Scott attended the College of Charleston and also holds an associate's degree in construction project management. 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). website at www.sec.gov. estimate, expect, intend and similar expressions are intended to 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. Mr. Swann is president of Swann, Inc., a marketing and consulting firm he founded in 1976. in Economics from Duke University. 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. WebScott aims to formally announce the bid by the end of May, according to a person familiar. responsibility for all of Apollos revenue-generating and investing He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design.s. Ms. Joyner is an independent director of First Republic Bank, a position she has held for over 17 years. In its early days, the company focused on general construction throughout the area, building roads and homes. Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo. We believe ACT Capital is well-positioned to address the significant gaps that exist in the capital markets for climate and transition financing. Greg Beard, who until now served as global head of natural resources, will transition to a role as a senior advisor, according to the announcement. 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. As of December 31, 2022, Apollo had approximately $548 billion of assets under management. Market Data powered by White: Have you put a dollar figure on how much investment you think that this tax program could generate? Apollo Names Two New Co-Heads of its Private Equity Business, This content is from: Prior to Lazard, Mr. Emerson held senior roles with The Blackstone Group and Morgan Stanley & Co. Mr. Emerson has a BA and MA in Economics and a JD from Stanford University, and an MBA from Dartmouth College. Scotts Opportunity Zones would provide tax incentives for investment in parts of the country that have not seen big gains since the Great Recession ended. more information about Apollo, please visit www.agm.com.
scott kleinman apollo