Apollo Appoints Jim Zelter as President and John Zito as Co-President to Lead Strategic Initiatives
People | Jan 15, 2025 | Apollo
Apollo Global Management (AGM) announces key leadership changes with the appointment of Jim Zelter as President and John Zito as Co-President of Apollo Asset Management. These appointments align with Apollo's ambitious five-year strategy focusing on expanding its asset management and retirement services. Jim Zelter, a longtime partner of CEO Marc Rowan, will drive Apollo's strategic initiatives, while John Zito, serving as Head of Credit, will continue alongside Scott Kleinman to manage the asset management business's daily operations. These changes underscore Apollo's commitment to its growth plans and opportunity landscapes amid evolving market dynamics.
Sectors
- Asset Management
- Retirement Services
Geography
- United States – Apollo Global Management is headquartered in New York, and the leadership changes are a significant event for the company within the U.S. financial market.
Industry
- Asset Management – The article discusses leadership changes within Apollo Global Management, a prominent player in asset management, indicating strategic expansion in this sector.
- Retirement Services – Apollo's growth strategy includes its subsidiary, Athene Holding Ltd., which specializes in retirement services, outlining expansion in this industry.
Financials
- $733 billion – Total assets under management by Apollo as of September 30, 2024, reflecting its scale in the asset management sector.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Apollo Global Management (AGM) | Company | Target | A leading global alternative asset manager, overseeing significant growth in asset management and retirement services. |
| Jim Zelter | Incoming President of AGM | Person | Former Co-President of Apollo Asset Management, now appointed to drive Apollo's strategic initiatives as President. |
| John Zito | Co-President of Apollo Asset Management | Person | Appointed alongside Scott Kleinman, responsible for overseeing investment activities and day-to-day management. |
| Scott Kleinman | Co-President of Apollo Asset Management | Person | Continues his role in managing Apollo's asset management functions along with new Co-President, John Zito. |
| Marc Rowan | CEO of AGM | Person | CEO who comments on strategic leadership appointments and continues guiding Apollo under extended agreement. |
| Jay Clayton | Chair of AGM | Person | Supports new leadership appointments, indicating alignment with Apollo's future growth strategy. |