Apollo Faces CEO Question, Golden Moment If Rowan Goes to DC (1)

Apollo Global Management Inc. Chief Executive Officer Marc Rowan’s potential next act as US Treasury secretary would thrust the firm he co-founded into an entirely new era of leadership. It may also help unlock trillions of dollars for its hottest business line.

In the roughly three years since co-founders Leon Black and Josh Harris left the company, Rowan has helped transform Apollo from a feared distressed-debt investor into a buzzy, money-spinning lending machine that rivals Wall Street’s banks. He also ushered in an era of stability and prosperity after a tumultuous power struggle. During his tenure, assets have soared ...