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Apollo appoints Marc Rowan as chief after Leon Black exit

Black will not retain chair position, as earlier announced

By

Emily Nicolle

Marc Rowan, co-founder and senior managing director of Apollo Global Management will replace Leon Black as chief executive
Marc Rowan, co-founder and senior managing director of Apollo Global Management will replace Leon Black as chief executive Photo: Patrick T. Fallon/Getty Images

Fund manager Apollo Global Management has announced that co-founder Marc Rowan will become the fund’s next chief executive, replacing founder Leon Black.

It comes after Apollo found itself at the centre of a scandal surrounding Black’s ties to disgraced financier Jeffrey Epstein, prompting Black’s resignation in January.

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