Apollo Sees Selling Half of Its Atlas Structured Products Group

Apollo Global Management Inc. Chief Executive Officer Marc Rowan said he expects the firm will reduce its ownership of the structured products group it recently acquired from Credit Suisse Group AG.

The alternative-asset manager could sell about half of its holding in the business, which it renamed Atlas SP, as early as this year, Rowan said Thursday during an investor conference.

“The new Atlas business, while we own 100% of it today, I would bet six months from now we’ll be 50% of it,” Rowan said, “and it will be owned by many of our largest competitors.”

Apollo is ...