The significant growth in Apollo's retirement business, particularly through their insurance affiliate Athene, is projected to significantly influence their lending operations, marking a substantial shift in the firm's focus.
Marc Rowan emphasized that the development of products targeting guaranteed lifetime income is pivotal: 'the notion of simplification and getting to guaranteed lifetime income, I believe, to be the North Star for where we would like to go.'
Rowan asserts that access to 401(k) plans for alternative asset managers would present a transformative opportunity. He states, 'Should we get access to 401(k) through broad-based reform... I believe that would be upside not just for us, but for the entire industry.'
#apollo-global-management #retirement-products #alternative-investments #financial-growth #lending-business
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