RBC Capital Markets | Global Financial Institutions Conference 2023

Apollo's Recipe for Success in 2023: Focus on Execution. Co-Founder and CEO Marc Rowan discusses the bold refashioning of Apollo’s business and its approach to pursuing growth at …


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FAQs about RBC Capital Markets | Global Financial Institutions Conference 2023 Coupon?

How did Apollo perform in the first half of 2023?

In the first half of 2023, Apollo posted $2.0 billion in adjusted earnings, or an annualized $4.0 billion, a pace that outstripped its 2022 full-year showing by 21%. Its shares are also on the march. Since Rowan took charge in late March of 2021, they’ve jumped from $47 to $89, or 89%, adding $23 billion in market cap. ...

How long have Apollo executives been at the firm?

“We want people to spend their entire careers at the firm,” he says. Indeed, its top 10 executives have been at Apollo an average of 17 years. The shift in emphasis from private equity to debt dovetails with Rowan’s push to soften Apollo’s image. ...

Is Apollo Global Management doubling private credit in 5 years?

Apollo Global Management has rebuilt its business around origination of assets for the recently merged insurance affiliate, Athene. CEO Marc Rowan and his team have a forensic focus on their goal of doubling the business, including private credit, within five years. ...

Does Apollo Global Management rely on key personnel?

Dependence on Key Personnel: Apollo Global Management Inc's success is closely tied to the expertise and reputation of its key personnel. The company acknowledges this reliance as a potential vulnerability, as the loss of such individuals could disrupt operations and negatively impact performance. ...

What's going on with Rowan & Apollo?

Second, Rowan has orchestrated a wholesale merger with giant insurer Athene, whose immense balance sheet can provide big ticket financings, often totaling several billion dollars, at warp speed (more on that later). Third, Apollo fashions tailored solutions not possible under the tight rules governing bond issues. ...

What happened to Athene & Apollo?

When Rowan became sole CEO, he quickly merged Athene with Apollo. The union greatly changed the Apollo model. It’s now much closer to insurers such as Mass Mutual than to its previous peers, alt giants such as Blackstone and Carlyle. ...

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