Apollo Global Management, LLC announced the appointment of Gary W. Parr as a Senior Managing Director and Co-Chairman of the firm’s Management Operating Committee, reporting to Joshua Harris, Co-Founder and Co-Chairman of the Management Operating Committee.
The other members of the Management Operating Committee include: Lisa Bernstein, Global Head of Human Capital; Anthony Civale, Lead Partner and Chief Operating Officer - Credit; Stephanie Drescher, Global Head of Business Development and Investor Relationship Management; Martin Kelly, Chief Financial Officer; Scott Kleinman, Lead Partner - Private Equity; Sanjay Patel, Head of Europe; Imran Siddiqui, Senior Partner - Private Equity; John Suydam, Chief Legal Officer; and James Zelter, Managing Partner and Chief Investment Officer - Credit. In addition, Michael Jupiter, Partner, serves as Chief of Staff to the Management Operating Committee.
“We are thrilled to welcome Gary to Apollo, and we believe he will be an outstanding addition to our senior leadership team,” said Mr. Harris. “He is one of the most respected executives in the financial services industry, and we expect to benefit from his deep expertise and relationships in the sector as Apollo continues to grow its business.”
Parr said, “Over the course of my career I have grown to know and respect the professionals at Apollo, who have built one of the most successful and innovative alternative investment management firms in the industry, and I am very excited to join the leadership team."
Prior to joining Apollo, Parr was a Vice Chairman at Lazard. He has provided strategic advice to financial institutions worldwide for over 30 years. During the financial crisis, he advised on the restructuring of Lehman Brothers, the sale of Bear Stearns to JPMorgan, the U.S. Treasury led restructuring of Fannie Mae and Mitsubishi UFJ’s investment in Morgan Stanley.
Prior to joining Lazard, Parr was with Morgan Stanley in numerous capacities. He was Chairman and Head of Global Financial Institutions, and earlier was Co-Head of the Global Mergers and Acquisitions Department. Prior to Morgan Stanley, Parr was Co-President of Wasserstein Perella.
Parr has been active in many philanthropic organizations in the Arts and Social Responsibility areas. He was Chairman of the New York Philharmonic from 2009 to 2015 and now serves as Chairman Emeritus. Parr also founded and is the Chairman of the Parr Center for Ethics at the University of North Carolina at Chapel Hill and is on the Board of The Morgan Library & Museum.
Parr graduated with honors, Phi Beta Kappa and Beta Gamma Sigma, from the University of North Carolina and received his M.B.A. from Northwestern University. He was awarded the Outstanding Alumni Award from the University of North Carolina in 2013.
Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Chicago, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Singapore, Mumbai, Delhi, Shanghai and Hong Kong. Apollo had assets under management of approximately $189 billion as of September 30, 2016, in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources.