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

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...