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

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note