Apollo Global Management has made a series of leadership changes across its investing business.
Within Apollo’s flagship private equity business, senior partners Matt Nord and David Sambur have been promoted to co-lead partners of private equity, effective immediately. They will continue to report to Apollo co-president Scott Kleinman.
“Matt and David have been at the helm of numerous successful private equity transactions during their tenure at Apollo across an array of industries,” said Kleinman and James Zelter, Apollo’s co-presidents in a statement. “Given the breadth of their experience, we believe Matt and David are poised to lead the private equity business as we seek to maximize value in Funds VII and VIII, continue to deploy capital in Fund IX, and position the business for the future.”
Apollo has also promoted senior partners Olivia Wassenaar and Geoff Strong to co-lead Apollo’s Natural Resources business, where they will be responsible for overseeing the firm’s existing and future natural resources funds.
Wassenaar has 15 years of investing experience in conventional oil and gas, the broader energy value chain and resource sustainability. Strong, who joined Apollo in 2012, has 16 years of experience investing in the energy, power, renewables and infrastructure sectors. These new appointments will be effective immediately, and Wassenaar and Strong will also report to Kleinman.
“These new appointments reflect Apollo’s deep reservoir of proven investment talent and lay the foundation for the firm’s next generation of leadership,” said Leon Black, founder, chairman and CEO of Apollo.
Dylan Foo will also join the firm as a senior partner and co-lead of Apollo’s infrastructure business. Foo has 20 years of infrastructure investing experience, most recently at AMP Capital. In addition, Geoff Strong has also been appointed as co-lead of infrastructure. Foo and Strong will report to Kleinman and Zelter.
Greg Beard will be transitioning to senior adviser role at Apollo through mid-2020. He currently serves as senior partner and global head of natural resources.
“Infrastructure and natural resources are key areas of investment focus for Apollo, and we believe this new leadership structure will best position these businesses for the future,” said Kleinman and Zelter. “Olivia, Geoff, and Dylan have outstanding investment track records and leadership experience, and they will work closely together to drive investment strategy and talent, source attractive opportunities, and continue to build value for our investors.”
