Apollo’s Spilker To Leave Firm

Mar 20 2014 | 11:00am ET

Apollo Global Management’s president is stepping down after more than three years at the private-equity giant, the firm said today.

Marc Spilker will leave both the presidency and Apollo’s executive committee. He will remain a senior adviser to the firm until the end of the year.

Apollo said it does not plan to name a new president.

Spilker joined the p.e. firm from Goldman Sachs, in December 2010, in advance of Apollo’s initial public offering the following year. It is unclear why Spilker is leaving the firm, or what his plans are in 2015 and beyond.

“The firm has benefited from Marc’s deep understanding of the financial industry,” Apollo founder Leon Black said. “Marc leaves a firm that has fulfilled the vision it set for itself to become a successful public company and to put in place the infrastructure and resources it requires. I’m confident that Marc will find great success in whatever he chooses to do next and we wish him all the best.”

At Goldman, Spilker oversaw asset management, including hedge funds. In a statement, he said he looks “forward to remaining close with” Apollo.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note