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Apollo to boost staffing for Japan and Asia wealth, top regional exec says

Apollo Global Management is planning to significantly expand its wealth management operations in Japan and Asia, aiming to double its staff in the region over the next few years, according to Matthew Michelini, Apollo's Asia-Pacific head. This expansion is part of a broader strategy to tap into the growing wealth in Asia, particularly in Japan, where there is an increasing demand for alternative investments like private credit and equity. Michelini highlighted that Japan's aging population and the need for higher returns on investments are driving this demand. Apollo has already started to increase its presence by hiring more staff and plans to continue this trend, focusing on both onshore and offshore opportunities. Additionally, Apollo sees potential in the Japanese market due to its large pool of investable assets and the shift towards alternative investments as traditional fixed income yields remain low.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/apollo-boost-staffing-japan-asia-wealth-top-regional-exec-says-2025-01-09/ ]