Welcome back to another special edition of exchanges at Goldman Sachs, great investors.

I'm Allison Mast, Chairman of Investment Banking at Goldman Sachs, your host for today's episode.

Today I'm thrilled to be joined by Mark Rowan, the CEO and co-founder of Apollo Global Management, one of the world's largest alternative investment managers with about

550 billion dollars in assets. Since Mark stepped into the CEO role in March

2021 he's helped revolutionize Apollo's business.

We'll be discussing Mark's strategy as CEO, his views on alternative investments,

and the broader economy.

So Mark, welcome to the program.

Thank you, Allison.

Absolutely pleasure.

So I want to start out with an overview of Apollo's business.

Just big picture. What does Apollo look like today?

This will be a surprise for many. So we are a publicly traded

holding company. Down one side of that holding company is the largest retirement

services business in the world. Athene, we are some 330 billion of assets under management, having started some 13 years ago with

about 16 million dollars, so it's been quite an adventure.

Athene and its European subsidiary,

Athora, they're insurance companies but they actually ensure nothing.

They don't insure your life, they don't insure your health, they don't insure your

property. What they give you and what they insure is your retirement. So if you think about what... ensure your

retirement.

So if you think about what makes Athene successful and what Athene

...