Marc Rowan at the Goldman Sachs 2023 US Financial Services Conference

Apollo's 2023 Success and 2024 Priorities

Apollo Global Management had a successful 2023 with significant earnings growth and momentum. Heading into 2024, CEO Mark Rowan prioritizes executing current strategies over new initiatives. The focus is on key priorities like guaranteeing lifetime income, fixed income replacement, and engaging the mass affluent market. Apollo aims to continue its growth by maximizing current opportunities and strategic planning.

Debanking Trend and Role of Private Credit

The debanking trend, initiated post-2008 financial crisis, is gaining momentum globally. Regulators are emphasizing the shift from traditional banking to investor-funded lending. Apollo envisions potential market saturation in private credit and anticipates a shift towards lower-risk credit offerings. The company's focus on investment-grade (IG) private credit positions them uniquely amidst evolving market trends.

Policy Origination and Partnerships with Banks

Apollo's unique policy origination platforms set them apart in the investment-grade private credit sector. Collaboration with banks in lever-lending initiatives has proven successful. Apollo foresees opportunities in debanking, transferring assets from banks to investor markets. The company's commitment to strategic partnerships and innovative credit origination stands out in the evolving financial landscape.

Regulation, Education, and Market Evolution

Apollo acknowledges the regulatory challenges and aims for industry education. Highlighting the benefits of the non-banking financial sector, the company stresses transparency, risk management, and asset deliverelessness. Apollo emphasizes the importance of educating regulators and clients on the unique advantages of private credit offerings. The company sees evolving market trends as opportunities for growth and strategic adaptability in the financial sector.

Apollo Global Management, Inc.

Marc Rowan at the Goldman Sachs 2023 US Financial Services Conference

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Quick takeaways

Deep dives

Apollo's 2023 Success and 2024 Priorities

Debanking Trend and Role of Private Credit

Policy Origination and Partnerships with Banks

Regulation, Education, and Market Evolution

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