Apollo Global Management has appointed Connecticut state treasurer Shawn Wooden as a partner and its new chief public pension strategist to help expand the private equity firm’s business with retirement systems, according to a report by Financial News.
The report cites an Apollo spokesperson as confirming that Wooden will assume his new role in late January to comply with “all relevant restrictions”.
Scott Kleinman, Apollo co-president, said that Wooden’s appointment will “allow Apollo to offer tailored, aligned investment solutions to these leading institutions”.
Wooden, who practiced as a lawyer focused on public pension plan investments before winning election to state office as a Democrat in 2018, announced back in April of this year that he wouldn’t be seeking re-election as state treasurer when his term ends in early January. Treasurer-elect Erick Russell will succeed him in the office.