Apollo Global Management Inc. CEO Marc Rowan is being considered as a potential candidate for the position of US Treasury Secretary if former President Trump decides to appoint him.

This potential appointment could bring about a significant change in leadership for the firm, which Rowan helped establish, and could result in a substantial increase in capital for its most profitable business segments. Since the departures of co-founders Leon Black and Josh Harris, Rowan has successfully transformed Apollo from a distressed-debt investor into a formidable lending powerhouse, competing with major Wall Street banks. Under his guidance, the firm has achieved impressive growth, with assets reaching $733 billion and its stock price more than tripling. This period of stability and prosperity follows previous internal conflicts.