Apollo Senior Credit Executive Ted Goldthorpe Resigns From Firm

Ted Goldthorpe a senior credit official at Apollo Global Management LLC, has resigned, the company said in a statement Monday.

Goldthorpe, 39, joined Apollo Global in 2012 to head up the opportunistic credit group and oversaw the direct-lending business, according to a May 27 regulatory filing. He also resigned as president of Apollo Investment Corp., a publicly traded corporate lender with $5.4 billion in assets under management.

Apollo named Howard Widra president of Apollo Investment to succeed Goldthorpe. Also, Tanner Powell was appointed chief investment officer for Apollo Investment’s adviser, Apollo Investment Management, and Patrick Ryan was named AIM’s chief credit officer.

Goldthorpe previously ran the bank loan distressed investing desk at Goldman Sachs Group Inc., where he worked for 13 years, the filing said. He didn’t respond to e-mail messages or a phone message left with his assistant.

Over the past 12 months through June 3, Apollo Investment shares declined 22 percent including reinvested dividends, according to data compiled by Bloomberg.

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