Apollo Global Management, LLC (NYSE:APO) (together with its
consolidated subsidiaries, "Apollo") today announced the
appointment of Gary W. Parr as a Senior Managing Director and
Co-Chairman of the firm’s Management Operating Committee, reporting
to Joshua Harris, Co-Founder and Co-Chairman of the Management
Operating Committee.
The other members of the 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 Mr. Harris. “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.”
Mr. Parr said, “Over the course of my career I have grown to
know and respect the professionals at Apollo, who have built one of
the most successful and innovative alternative investment
management firms in the industry, and I am very excited to join the
leadership team."
About Gary Parr
Prior to joining Apollo, Mr. Parr was a Vice Chairman at Lazard.
He has provided strategic advice to financial institutions
worldwide for over 30 years. During the financial crisis, he
advised on the restructuring of Lehman Brothers, the sale of Bear
Stearns to JPMorgan, the U.S. Treasury led restructuring of Fannie
Mae and Mitsubishi UFJ’s investment in Morgan Stanley.
Prior to joining Lazard, Mr. Parr was with Morgan Stanley in
numerous capacities. He was Chairman and Head of Global Financial
Institutions, and earlier was Co-Head of the Global Mergers and
Acquisitions Department. Prior to Morgan Stanley, Mr. Parr was
Co-President of Wasserstein Perella.
Mr. Parr has been active in many philanthropic organizations in
the Arts and Social Responsibility areas. He was Chairman of the
New York Philharmonic from 2009 to 2015 and now serves as Chairman
Emeritus. Mr. Parr also founded and is the Chairman of the Parr
Center for Ethics at the University of North Carolina at Chapel
Hill and is on the Board of The Morgan Library & Museum.
Mr. Parr graduated with honors, Phi Beta Kappa and Beta Gamma
Sigma, from the University of North Carolina and received his
M.B.A. from Northwestern University. He was awarded the Outstanding
Alumni Award from the University of North Carolina in 2013.
About Apollo Global Management
Apollo is a leading global alternative investment manager with
offices in New York, Los Angeles, Houston, Chicago, Bethesda,
Toronto, London, Frankfurt, Madrid, Luxembourg, Singapore, Mumbai,
Delhi, Shanghai and Hong Kong. Apollo had assets under management
of approximately $189 billion as of September 30, 2016, in private
equity, credit and real estate funds invested across a core group
of nine industries where Apollo has considerable knowledge and
resources. For more information about Apollo, please visit
www.agm.com.
Forward Looking Statements
This press release may contain forward looking statements that
are within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These statements include, but are not limited to,
discussions related to Apollo’s expectations regarding the
performance of its business, its liquidity and capital resources
and the other non-historical statements in the discussion and
analysis. These forward-looking statements are based on
management's beliefs, as well as assumptions made by, and
information currently available to, management. When used in this
press release, the words “believe,” “anticipate,” “estimate,”
“expect,” “intend” and similar expressions are intended to identify
forward-looking statements. Although management believes that the
expectations reflected in these forward looking statements are
reasonable, it can give no assurance that these expectations will
prove to have been correct. These statements are subject to certain
risks, uncertainties and assumptions, including risks relating to
our dependence on certain key personnel, our ability to raise new
private equity, credit or real estate funds, market conditions,
generally, our ability to manage our growth, fund performance,
changes in our regulatory environment and tax status, the
variability of our revenues, net income and cash flow, our use of
leverage to finance our businesses and investments by our funds and
litigation risks, among others. We believe these factors include
but are not limited to those described under the section entitled
“Risk Factors” in Apollo’s annual report on Form 10-K filed with
the Securities and Exchange Commission (the “SEC”) on February 29,
2016, as such factors may be updated from time to time in our
periodic filings with the SEC, which are accessible on the SEC’s
website at www.sec.gov. These factors should not be construed as
exhaustive and should be read in conjunction with the other
cautionary statements that are included in this press release and
in other filings. We undertake no obligation to publicly update or
review any forward-looking statements, whether as a result of new
information, future developments or otherwise, except as required
by applicable law. This press release does not constitute an offer
of any Apollo fund.
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For investor inquiries regarding Apollo:Apollo Global
Management, LLCGary M. Stein, 212-822-0467Head of Corporate
Communicationsgstein@apollolp.comorApollo Global Management,
LLCNoah Gunn, 212-822-0540Investor Relations
Managerngunn@apollolp.comorFor media inquiries regarding
Apollo:Rubenstein Associates, Inc. for Apollo Global Management,
LLCCharles Zehren, 212-843-8590czehren@rubenstein.com
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