Key Points

• Apollo Global witnessed a substantial increase in hiring, employing 350 individuals in the past year.
• The firm's cultural transformation under new leadership has garnered attention, with a shift towards a more inclusive and balanced work environment.
• Despite efforts to reform its culture, some former and current associates still report long working hours and demanding expectations.

Apollo Global, a prominent player in the world of investment management, experienced significant growth in its workforce last year, with a notable increase in hiring efforts. According to Martin Kelly, Apollo's CFO, the firm added 350 new employees, representing an approximate 9% rise in its workforce. The expansion was geographically diverse, with hires distributed evenly between North America, Europe, and Mumbai, reflecting the firm's global ambitions.

In 2024, Apollo plans to continue its strategic hiring initiatives, focusing on specific areas such as origination, high net worth coverage, and product innovation. This targeted approach underscores the firm's commitment to enhancing its investment capabilities and expanding its market presence.

Under the leadership of CEO Marc Rowan, Apollo Global has undergone a notable cultural transformation. Formerly known for its demanding work environment and intense work ethic, the firm has adopted a more inclusive and collaborative approach. Reports suggest a shift towards a culture that values diversity and prioritizes employee well-being.

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Despite these positive changes, some individuals within and outside the organization have raised concerns about lingering issues related to work-life balance and excessive work hours. While efforts have been made to address these challenges, with increased compensation and a renewed focus on employee satisfaction, the issue remains contentious.

Despite its evolving culture, Apollo Global remains a sought-after employer in the financial services industry. Its commitment to innovation, coupled with its robust investment strategies, positions it as a leader in the field.

As Apollo continues to navigate its growth trajectory and adapt to changing market dynamics, the firm remains focused on maintaining a supportive and dynamic workplace environment for its employees.

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