Marc Rowan, Who Eyed Politics, Gets 5 More Years at Apollo

 Chair of financial powerhouse Apollo Jay Clayton indicates that CEO Marc Rowan will continue in the leadership for 5 more years. Job number-one will the focusing on the 5-year plan. Rowan sums up that plan as capitalizing on the opportunities in "the convergence of public and private markets, and the changing role of financial institutions." 

Along with the continuity of Rowan's leadership there seems to be attention to succession. That issue emerged when he put himself up to be nominated by the Trump Administration for the position of US Secretary of the Treasury. 

Had he been chosen there would have been a scramble to fill the hole he had created with his exit. There is now the newly created role at Apollo of President. Appointed is Jay Clayton who will work closely with Rowan. Also Jim Zelter has become Co-President of Apollo Asset Management. Let the succession battle begin? 

With Rown still in-place those law firms which had historically represented Apollo's legal matters might feel in a position of strength to get new business. They are known entities and they know what Rowan expects. Those law firms include McDermott, Simpson and Paul Weiss.  

In my coaching experience, the angst breaks out when there's a radical change in leadership.

Affordable Career Coach Jane Genova provides end-to-end career services, ranging from diagnosis of the challenges and fix-it strategies to preparation of resume/cover letters/LinkedIn profiles and how to gain control of an interview. I specialize in over-50 work issues. My edge is a background in marketing communications. For a confidential complimentary consultation please text/phone 203-468-8579 or email janegenova374@gmail.com. Remote and in-person.