Apollo Aims for Everyday Investors With ‘New Markets’ Group
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Apollo Global Management Inc. debuted a division to oversee four businesses aimed at capturing the trillions of dollars up for grabs from individuals and striking more partnerships with traditional asset managers.
The unit — called New Markets — will be led by 17-year Apollo veteran Neil Mehta, who was most recently head of strategy. Mehta will oversee the four business lines, including traditional asset management, defined contribution, tax-advantaged solutions and digital markets, according to a staff memo.