Bloomberg Talks Ares CEO Arougheti Talks Succession Plans, Fed, Mergers
7 snips
Feb 27, 2025 Michael Arougheti, CEO and co-founder of Ares Management, dives into key topics impacting the financial landscape. He discusses the importance of succession planning and navigating the fierce talent war in the industry. The conversation shifts to economic trends, highlighting interest rates and consumer confidence. Arougheti also examines the strategic growth fueled by mergers and acquisitions, including how private capital is increasingly influencing NFL investments. His insights paint a picture of resilience and opportunity in today's market.
AI Snips
Chapters
Transcript
Episode notes
Promotions at Ares Management
- Michael Arougheti announced the promotion of Kip deVere and Blair Jacobson to co-presidents.
- These promotions reflect Ares Management's focus on internal growth and succession planning.
Talent War on Wall Street
- Elevating leaders to high-level positions is a growing trend in the financial industry.
- This reflects the ongoing war for talent and the need to retain experienced professionals.
Ares Investment Team Growth
- Ares Management significantly expanded its investment team, adding around 100 professionals in the past year.
- This growth is expected to continue due to business expansion and diversification.