global investment platform with $242 billion of total assets under from the University of Maryland School of Law, where he also graduated with honors. 87990cbe856818d5eddac44c7b1cdeb8, Continue reading your article witha WSJ subscription, Already a subscriber? 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. Mr. Ducey also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. He served on the board of Fenner, PLC from January 2017 to June 2018 and served on the Audit, Governance and Remunerations Committees. Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. industries where Apollo has considerable knowledge and resources. 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. Ms. Joyner served as an independent director of Apollo Asset Management, Inc.s board of directors from March 2021 through December 2021. Broadband and online services are a prerequisite for success in most of America. Prior to joining Apollo, Mr. Kleinman was a member of the Investment At Quattlebaum Development Company, integrity is paramount and is evidenced through the company's repeat customers, who range from first-time business owners to billion-dollar companies, like Caterpillar and Corning, Inc. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. 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. Before coming to Babson, she served with distinction as the 70th lieutenant governor of Massachusetts from 2003 to 2007, where she worked to lead, enact, and implement a wide range of policy and legislative initiatives for the Romney-Healey Administration. Alex has been working for the company since he was a teenager, doing construction work during his summers off from school. Global Head of Human Capital; Anthony Civale, Lead Partner and Chief He enjoys racing historic cars and wingshooting. Apollo Global Management has new leadership for its $77 billion private equity business. Zelter was Chief Investment Officer of Citigroup Alternative Prior to joining Lehman Brothers in 2000, Mr. Kelly spent 13 years with PricewaterhouseCoopers LLP, including serving in the Financial Services Group in New York from 1994 to 2000. and in 2009 he was named Lead Partner for Private Equity. Are there other policy levers that we could be pulling? extraordinary job overseeing the growth of our credit business into one In addition, he is involved in public policy and is an initial funder and contributor to the development of the Penn Wharton Budget Model, a nonpartisan research initiative which provides analysis of public policys fiscal impact. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. businesses. Apollo Global Management, Inc. 9 West 57th Street New York, NY 10019 December 1, 2021 Personal and Confidential Scott Kleinman [Address on file with the Company] Re: Employment and Compensation Terms Dear Scott: 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. As the American economy has grown more unequal, with urban areas thriving and rural areas falling behind, free-market Republicans have generally stayed away from the debate about potential government solutions. Scott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating 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). Holdings, LLC, Momentive Performance Materials Holdings, Inc., and I think what youre going to see in the next 10 to 15 years, and youre seeing it start now, is the fact that people can live where they want to and then decide the type of work they want to do. As the Co-President of Apollo Global Management Inc, the total compensation of Scott Kleinman at Apollo Global Management Inc is $18,615,200. Director and Co-Founder, will continue with respect to Apollos 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. White: Lets just take South Carolina as an example, since its your backyard. Sen. Tim Scott: What I have tried to do is create a program that is not a government-centric program, but that does create an incentive for people to take a second look at parts of the country that have been missed by the economic recovery that weve experienced over the last few years. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. If you agree to our use of cookies, please continue to use our site. Although management believes that Mr. Kleinman will focus on Apollos equity and opportunistic Market Data powered by Ms. Bibliowicz also serves as an independent director and a member of the audit committee of Apollo Global Management, Inc.s board of directors. Scott Kleinman is Co-President of Apollo, sharing responsibility for all of Apollos revenue-generating and investing business across its integrated alternative 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. 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. We are going to have to not look at cutting benefits for our current people. Data delayed 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. The most active insiders traders include Marc J Rowan, Leon D Black, and Joshua Harris. He graduated from the College of William & Mary, where he received a bachelors degree in Economics. Assets ($13 billion of AUM) funds invested across a core group of nine Apollo Co-President Scott Kleinman said: We believe ACT Capital is a premier financing solution for companies around the globe who require significant, 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. A full-service company with a hands-on approach to management, Quattlebaum Development Company oversees the entire development process from site location and design to construction and property management. She has also previously served on the board of directors of Revlon. Krongard serves as an independent director and a member of the audit committee of Apollo Asset Management, Inc.s (AAM) board of directors. Scott Kleinman is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). Scott M. Kleinman serves as Co-President of the Company. Scott Kleinman is Co-President of Apollo Global Management, Inc., co-leading Apollos day-to-day operations including all of Apollos revenue-generating businesses and enterprise solutions across its integrated 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. He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design.s. In the Opportunity Zones, the poverty rate is over 30 percent. Mr. Zelter also serves on the board of directors of the Robert Toigo Foundation, the Partnership for New York City, and The Bridge Golf Foundation, as well as the Board of Fellows of Weill Cornell Medicine. So in the next several months, $25 billion to $30 billion. This founding gift continues to support the center and its broad array of programs. There are 17 older and 2 younger executives at Apollo And the real question is, how do we break that cycle? As an example, 10 years ago, the African American unemployment was about 12 or 13 percent. Marc A. Beilinson serves as an independent director and Chairperson of the compensation committee of our board of directors. A conversation with Sen. Tim Scott, the Republican trying to bring development to disadvantaged communities. Operating Officer - Credit; Stephanie Drescher, Global Head of Business Form 10-K filed with the Securities and Exchange Commission (the SEC) Apollo is a high-growth, global alternative asset manager. Through Athene, Apollos retirement services business, it specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. What happens is, as we grow the pie, we see more folks being able to engage in finding and chasing the American dream, which is the fastest way to actually even out the recovery. from the Indiana University Kelley School of Business and an MBA from Columbia University. On average, Scott trades about 19,608 units every 10 days since 2004. She has been a fellow at the Harvard Kennedy Schools Institute of Politics and Harvards Center for Public Leadership. businesses, and Mr. Zelter will focus on Apollos credit and yield White: Have you put a dollar figure on how much investment you think that this tax program could generate? NEW YORK--(BUSINESS WIRE)-- These statements include, but are not limited to, discussions 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. 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. From 2004 through 2008, he was Senior Managing Director of Evercore Partners Inc., a public investment banking advisory firm, where he established and ran the San Francisco office. Ms. Richards currently serves as Chief Operating Officer of Trebuchet Group Holdings Limited, a position she has held since 2008. He also chaired the Subcommittee on Financial Institutions and Consumer Protection. delay times for all exchanges). their distinguished careers, said Mr. Black. Quattlebaum Development Company traces its beginnings back to 1927 when it was originally founded by Capt. Jim Zelter is Co-President and a member of the board of directors of Apollo Asset Management, Inc. (AAM). Mr. Zelter is also a member of the board of directors and the executive committee of the board of directors of Apollo Global Management, Inc. 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. result of new information, future developments or otherwise, except as LLCGary M. Stein, 212-822-0467Head of Corporate Mr. Kleinman PD=Previous Day. In their new capacities, Mr. Kleinman and Mr. Zelter will have full 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. 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. The correlation, of course, is that education and opportunity are like wet and water. 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. Pamela Joyner serves as an independent director and a member of the nominating and corporate governance committee of our board of directors. When Scott Kleinman joined Apollo Global Management in 1996, the firm founded by Leon Black, Mark Rowan and Josh Harris as a distressed debt specialist Heinz Company and the Professional Golfers Association (PGA) of America. Ms. Joyner is a founding partner of Avid Partners LLC, a strategic marketing consulting firm. Jessica Bibliowicz serves as an independent director and member of the audit committee of Apollo Asset Management, Inc.s board of directors. How does it break down between rural and urban? A.B. To see how cookies are used, please review our cookie notice. Kohl's promo code: 30% Off for Kohl's Rewards Members, Save up to $15 with TurboTax coupon April 2023, Epic Bundle - 3x Expert Stock Recommendations, 15% Off DIY Online Tax Filing Services | H&R Block Coupon Code. David Simon serves as an independent director. This press release does not constitute an Prior to joining Citigroup in 1994, Mr. Zelter was a High Yield Trader at Goldman, Sachs & Co. Mr. Zelter has significant experience in global credit markets and has overseen the broad expansion of AGMs credit platform. Higher unemployment typically leads to more government services. High Yield franchise. And frankly, theres typically an uneven success trajectory. Europe; and John Suydam, Chief Legal Officer. Alex Quattlebaum, Jr., CEO of Quattlebaum Development Company, was born with engineering in his blood. As a senior partner, he is also a member of Apollos Senior Management In 1975, the company moved its headquarters from Florence to Charleston, where it remains today. in our periodic filings with the SEC, which are accessible on the SECs PD=Previous Day. Ms. Bibliowicz is a successful entrepreneur and organizational leader within financial services with more than 30 years of experience with public and private companies. He is a member of the Carolina Yacht Club, the Country Club of Charleston, and the St. Andrews Society. This press release does not constitute an offer of any Apollo fund. Mr. Kleinman joined Apollo six years after its inception in 1996 was named Lead Partner for Private Equity in 2009 prior to being named Co-President in 2018. Michael Ducey serves as an independent director and a member of the audit committee of Apollo Asset Management, Inc.s (AAM) board of directors. 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. Noah GunnGlobal Head of Investor RelationsApollo Global Management, Inc.(212) 822-0540IR@apollo.com, Joanna RoseGlobal Head of Corporate CommunicationsApollo Global Management, Inc.(212) 822-0491Communications@apollo.com. 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). | Raymond McCrea Jones for POLITICO. In the asset management business, Apollo seeks to provide its 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 equity. Since he started with the company, Alex, Jr., has overseen the development of industrial facilities throughout the Carolinas for the textile, paper, furniture, metalworking, woodworking, electronics and other industries. He currently serves on the boards of directors of Apollo Global Management, Inc., Athene Holding Ltd. and Athora Holding Ltd. Harry Lee Harllee, the great uncle of today's company principals, as Harllee Construction Company in Florence, S.C. Apollos patient, creative, and knowledgeable approach to investing aligns its clients, businesses it invests in, its team members, and the communities it impacts, to expand opportunity and achieve positive outcomes. our Subscriber Agreement and by copyright law. Mr. Swann has served as director of Athene Holding Ltd. since September 2020. We believe ACT Capital is a premier financing solution for companies around the globe who require significant, flexible capital to support their energy transition efforts. It continues to increase. 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. 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. So weve cut taxes, but we always have believed in the Laffer Curve or the inverse relationship. First would be, in South Carolina, we are a transportation-centric state. Most recently he sold 200 units of APO stock worth $10,418 on 19 February 2021. Quattlebaum Development Company is a third generation family-owned and operated real estate development company in Charleston, S.C., specializing in industrial sites. 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. So the truth is that well probably see more opportunities in rural America than weve ever seen before, as people have the chance to pick and choose their site and then their jobs. 15 minutes unless otherwise indicated (view Just one more thing on the broad macroeconomic level that Im interested in: the federal deficit and the national debt, and the fact that weve seen the numbers go up pretty significantly. The program would allow investors who direct their money into distressed communities to defer capital gains taxes for up to 10 years. They are very difficult to separate. Pauline Richards serves as an independent director and Chair of the audit committee of Apollo Asset Management, Inc.s (AAM) board of directors. Apollo also announced that it has hired Dylan Foo, a partner at Australian investment firm AMP Capital, as co-lead of Apollos $2 billion infrastructure business. 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. To learn more, please visit www.apollo.com. Mr. Simon is currently Chairman of the Board, CEO and President of Simon Property Group. required by applicable law. record. Mitra Hormozi serves as an independent director and a member of the nominating and corporate governance and sustainability and corporate responsibility committees of our board of directors. [II Deep Dive:Apollos Josh Harris Talks Private Markets at Delivering Alpha]. He participates in six to eight races a year driving vintage racecars as part of the Sportcar Vintage Racing Association, which he founded. His father, a well-known philanthropist, was a professor of engineering at Clemson University and eventually opened Harllee Construction Company in 1927 in Florence with his brother. Scott Kleinman is 47, he's been the Co-President of Apollo Global Management Inc since 2018. She was previously Co-Chair of the San Francisco Ballet Association. Portfolio. 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. Recent Posts. The following transcript has been condensed and lightly edited for clarity. I think a realistic estimation, in the first few years, would be about $100 billion.. In that time, Ms. Joyner has served as chair of First Republic Banks investment and compensation committee, and as a member of its governance committee. the expectations reflected in these forward looking statements are Mr. Emerson served as an independent director of Apollo Asset Management, Inc.s board of directors from March 2021 through December 2021. Zelter to serve as Co-Presidents. He is an Executive Committee member of the Civil Society Fellowship, a partnership of ADL and the Aspen Institute, designed to empower the next generation of community leaders and problem solvers. Theres over a trillion dollars on the sidelines that could be deployed, he told me. This copy is for your personal, non-commercial use only. Mr. Clayton served as Chair of the SEC from May 2017 through December 2020. During the 1950s, as many textile mills began to move to the area, the company became one of the first South Carolina design-build firms, designing and building many of these industrial plants. Mr. Belardi has a Bachelor of Arts degree in economics from Stanford University and a Master of Business Administration from the University of California, Los Angeles. Alex lives in Charleston with his wife Kimberly and sons Mac and John Henry. Mr. Rowan is a Co-Founder and CEO of Apollo Global Management, Inc. amended, and Section 21E of the Securities Exchange Act of 1934, as With approximately two million square feet in its inventory, Quattlebaum Development Company currently owns McQueen Park in Jedburg, Cainhoy Park and McCall Center in Charleston, Tri-County Industrial Park in Summerville and Florence Industrial Park in Florence.
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