Apollo Staffers Move to New Zurich Office in Wealth Push (1)

Private markets giant Apollo Global Management Inc. is tapping one of the world’s biggest wealth hubs with plans to build a team of 50 people over the next three to five years at a new office in Zurich.

A number of staffers have relocated to the city from various locations in Europe, including London, already and Apollo is also planning to hire locally, according to people with knowledge of the matter. Some of the moves are also linked to the UK’s overhaul of its tax regime for some wealthy foreign residents, they said, asking not to be identified as the ...