Apollo Global Management Inc. hired BlackRock Inc. veterans in wealth and insurance as the alternative asset manager expands its team in key growth areas, according to a report by Bloomberg.
Kate Swimley was hired this month to cover the ultra-wealthy for Apollo’s family office business after almost a decade at BlackRock. Andrew Stack, former head of BlackRock’s life and annuity practice in its financial institutions group, joined Apollo in September as a managing director focused on investments for insurance companies, the report added.
Apollo began building its family office team after hiring Brian Feurtado last year from BlackRock to lead the team. The firm had assembled a roughly 10-person unit by the middle of this year with plans to expand. Rick Moreno, another BlackRock alumnus, joined in August to lead Apollo’s West Coast family office coverage
