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Rowan’s Break from Apollo Leaves More Time for His Hamptons Restaurants

  • Firm said Thursday he’s stepping away from day-to-day duties
  • He owns Duryea’s in Montauk and Lulu Kitchen in Sag Harbor
Duryea’s Montauk
Duryea’s MontaukSource: Duryea’s Montauk

For years, Apollo Global Management Inc.’s Marc Rowan oversaw the firm’s financial services and insurance businesses. His semi-sabbatical announced Thursday should give him more time to focus elsewhere, not least his thriving Hamptons restaurants.

Rowan, the brains behind Athene Holding Ltd., the insurer that made Leon Black’s investment firm the envy of Wall Street, is taking a break from day-to-day involvement with Apollo. It was a surprise twist at a firm that’s highly profitable despite recent market turmoil.