Apollo to Tap Rich, Retail Clients in Asia for Asset Growth

Apollo Global Management Inc. said high-net-worth clients and access to retail investors are the biggest opportunities in Asia for growth in the coming years.

Australia’s superannuation system, which will be the world’s second-largest pension by 2030, and Japanese savers that are sitting on $7.4 trillion of cash deposits will be key to business, Matthew Michelini, head of Apollo’s Asia-Pacific business, said at the Bloomberg Invest conference in Hong Kong.