Apollo Names Parr Co-Chair of Management Operating Committee

Dec 9 2016 | 8:08pm ET

Apollo Global Management has named former Lazard vice chairman Gary Parr as a senior managing director and co-chairman of the firm’s management operating committee.

Parr will report to Joshua Harris, co-founder and co-chairman of the committee.

The other members of the firm’s management operating committee include: Lisa Bernstein, Global Head of Human Capital; Anthony Civale, Lead Partner and Chief Operating Officer - Credit; Stephanie Drescher, Global Head of Business Development and Investor Relationship Management; Martin Kelly, Chief Financial Officer; Scott Kleinman, Lead Partner - Private Equity; Sanjay Patel, Head of Europe; Imran Siddiqui, Senior Partner - Private Equity; John Suydam, Chief Legal Officer; and James Zelter, Managing Partner and Chief Investment Officer - Credit. In addition, Michael Jupiter, Partner, serves as Chief of Staff to the Management Operating Committee.

“We are thrilled to welcome Gary to Apollo, and we believe he will be an outstanding addition to our senior leadership team,” said Harris in a statement. “He is one of the most respected executives in the financial services industry, and we expect to benefit from his deep expertise and relationships in the sector as Apollo continues to grow its business.”

Parr has provided strategic advice to financial institutions worldwide for over 30 years, Apollo said in the statement. Prior to joining Apollo, he was a vice chairman at Lazard. During the financial crisis, he advised on the restructuring of Lehman Brothers, the sale of Bear Stearns to JPMorgan, the restructuring of Fannie Mae and Mitsubishi UFJ’s investment in Morgan Stanley.

Prior to joining Lazard, Parr was with Morgan Stanley in numerous capacities, including chairman and head of global financial institutions and co-head of the global M&A department. Beforehand, he was co-president of Wasserstein Perella.

New York-based Apollo is one of the largest money managers in the world. The firm had assets under management of approximately $189 billion as of September 30, 2016, in private equity, credit and real estate funds.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...