Apollo’s Atlas SP Companions has named Citigroup veteran Carey Lathrop as its new chief government.
Lathrop had been serving as interim chief government since August, following the departure of his predecessor Jay Kim.
Lathrop joined Apollo in 2022 as chief working officer of the agency’s credit score enterprise, and previous to that he spent three many years at Citigroup.
Atlas SP is the structured credit score unit of Apollo International Administration. It was purchased by Apollo from Credit score Suisse early final 12 months. To this point, Atlas SP has delivered $60bn of originated belongings, and 200-plus securitisations, Apollo confirmed.
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“Atlas SP has rapidly grow to be certainly one of Apollo’s most strategic origination platforms, and we’re happy to have a pacesetter like Carey on the helm,” mentioned Jim Zelter, co-president of Apollo Asset Administration.
“Carey is likely one of the business’s most skilled credit score and securitised merchandise executives, managing a lot of massive world companies at Apollo and Citi, and we’re assured he’s the correct chief for Atlas SP in its subsequent part.
“Atlas SP is firing on all cylinders and properly positioned for sturdy continued development.”
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“I’ve been concerned in Atlas SP because the very starting, and I’m honoured to now function its chief government, working with an exceptionally gifted crew as we take the enterprise to the following degree,” added Lathrop.
“With the assist of our companions at Apollo, we’re excited to enter new development areas and supply our shoppers with an increasing suite of options to allow their enterprise plans and assist finance the true economic system.”
Atlas SP lately secured $5bn in financing from BNP Paribas to increase its personal lending enterprise.
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