STOCK TITAN

Apollo Names William M. Lewis, Jr. Senior Partner

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Apollo Global Management has announced the appointment of William M. Lewis, Jr. as a Senior Partner and member of its Management Committee. Lewis, previously Chairman of Investment Banking at Lazard, will focus on sourcing investment opportunities and enhancing diversity and inclusion initiatives. Apollo's CEO Marc Rowan expressed enthusiasm for Lewis's extensive experience in M&A and financial markets, anticipating valuable contributions to Apollo's growth. As of June 30, 2021, Apollo managed approximately $472 billion in assets.

Positive
  • William M. Lewis joins Apollo as Senior Partner, expected to enhance investment sourcing and diversity efforts.
  • Apollo has approximately $472 billion in assets under management, indicating strong financial positioning.
Negative
  • None.

Lewis to Join Apollo’s Management Committee

NEW YORK, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo” or the “Firm”) today announced William M. (“Bill”) Lewis, Jr. will join the Firm as a Senior Partner and a member of Apollo’s Management Committee. Lewis will join Apollo from Lazard, where he is Chairman of Investment Banking.

In this new role, Lewis will source and execute investment opportunities across the Firm’s private equity business and collaborate with executive management on human capital, citizenship and diversity and inclusion efforts.

Apollo CEO Marc Rowan said, “Bill is one of the industry’s most seasoned leaders and we are thrilled to welcome him to Apollo during a momentous time for our Firm. He will be a valuable contributor both within private equity and across the broader organization, partnering with the management team on talent development, corporate citizenship and expanding opportunity to a more diverse set of people and businesses.”

Apollo Co-Presidents Scott Kleinman and Jim Zelter added, “We are excited that a leader as deeply experienced and widely respected as Bill is joining the team. Bill’s decades of M&A and financial expertise will be a great addition to the Private Equity franchise, and we look forward to benefitting from his vast skillset to build on our significant momentum and drive long-term value not just in our PE business but across the broader Apollo organization.”

Bill Lewis said, “I am excited to be a part of Apollo’s growth story. Apollo’s successful investment record, marked by innovation and a willingness to embrace complexity resonates with me, and I look forward to working with the talented team. I am also energized to join a firm that is authentically working to expand opportunity. It is impressive that Apollo has empowered its employees to take action and everywhere you look across the platform you can see the results.”

Kenneth M. Jacobs, Chairman and CEO of Lazard said, “We wish Bill much success in his new role at Apollo. He has been our valued partner at Lazard for 17 years, and a trusted advisor to many of the world’s business leaders. We are looking forward to continuing to benefit from his sage advice and stewardship as a new member of our board of directors.”

Lewis joined Lazard in 2004 and most recently served as a Managing Director and Chairman of Investment Banking, where he advised global corporations on corporate and financial matters, including leveraged buyouts and other M&A activity. Previously, Lewis spent 24 years with Morgan Stanley in a variety of leadership roles of increasing responsibility, including leading or co-leading global M&A, global corporate finance and Morgan Stanley Realty. In 1989, he became Morgan Stanley’s first African-American Managing Director. Lewis also chaired its charitable foundation and diversity task force.

Lewis earned his undergraduate degree and MBA from Harvard University, and today serves as a member of the Harvard Management Company which is responsible for the university’s $42 billion endowment. He also serves on the boards of a number of nonprofit organizations including Uncommon Schools, New York Presbyterian Hospital, the New York City Police Foundation, The Posse Foundation, The City Fund and the National Constitution Center. In addition to his nonprofit work, Mr. Lewis serves on the board of Ariel Alternatives, LLC and formerly served on the boards of Freddie Mac and Darden Restaurants.

About Apollo

Apollo is a high-growth, global alternative asset manager. We seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid and opportunistic. Through our investment activity across our fully integrated platform, we serve the retirement income and financial return needs of our clients, and we offer innovative capital solutions to businesses. Our patient, creative, knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2021, Apollo had approximately $472 billion assets under management. To learn more, please visit www.apollo.com.

Contact Information

For Investors:
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0528
IR@apollo.com

For Media:
Joanna Rose, Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com


FAQ

What is the significance of William M. Lewis joining Apollo Global Management?

William M. Lewis's role is significant as he brings extensive M&A and financial expertise to Apollo, enhancing their investment strategies and diversity initiatives.

How much assets does Apollo Global Management manage?

As of June 30, 2021, Apollo Global Management manages approximately $472 billion in assets.

When did the announcement of William M. Lewis's appointment happen?

The announcement regarding William M. Lewis's appointment was made on October 12, 2021.

What role will William M. Lewis play at Apollo?

William M. Lewis will source and execute investment opportunities and work on human capital, citizenship, and diversity efforts.

Apollo Global Management, Inc.

NYSE:APO

APO Rankings

APO Latest News

APO Stock Data

95.51B
413.52M
26.75%
62.06%
4.83%
Asset Management
Investment Advice
Link
United States of America
NEW YORK