Apollo has appointed David Moffatt, who has who has served as a senior advisor to the firm since January 2019 and has more than 30 years of leadership experience, as Chair of its operations in Australia and New Zealand.Â
Moffat has previously held executive and senior leadership positions for corporations in Australia, Europe, North America and Asia.
The appointment comes as Apollo continues to expand its asset management and retirement services capabilities in the market. Already operating in private credit origination in the US and Europe – including investment grade assets well suited for retirement products – Apollo sees significant opportunity to expand non-bank and hybrid origination in the region. In addition to a growing Apollo team in Australia, the firm has its ATLAS SP warehousing and securitisation platform, a strategic partnership with MaxCap for real estate debt, and a lending joint-venture with Challenger Ltd, which is chaired by Moffatt.
Apollo also sees significant opportunity for capital formation and institutional partnerships, helping supers, insurers and others enhance their retirement and investment portfolios through alternatives. In June of last year, Apollo launched $1.25bn Pan Asia Credit strategy anchored by a $500m commitment from HostPlus, one of the largest supers in Australia. The firm expects to continue building its local relationships under the leadership of Matthew Perrignon, a Sydney-based Managing Director.
