Leon Black’s Son Looks to Prove Himself in Washington (1)

Ben Black has no formal experience working in Washington and a limited Wall Street resume. Yet the son of billionaire Apollo Global Management Inc. co-founder Leon Black is now set to run an agency with a growing role in White House policy — the US International Development Finance Corp.

The surprise pick by President Donald Trump is tasked with bringing a new approach to the DFC: bigger risks, higher returns and more ambitious deals with major Wall Street investors.

Black — who has law and business degrees from Harvard — had a brief stint at Goldman Sachs Group Inc., ...