Apollo announced that long time Apollo advisor David Moffatt has been named as Chair of Apollo?s operations in Australia and New Zealand. Moffatt brings more than 30 years of leadership experience to the new role, having held executive and senior leadership positions for corporations in Australia, Europe, North America and Asia. He has served as a Senior Advisor to Apollo since January 2019.

The appointment comes as the firm continues to expand its asset management and retirement services capabilities in the market. Already a leader 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 securitization platform, a strategic partnership with MaxCap for real estate debt and a lending joint-venture with Challenger Ltd, which is chaired by Mr. 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 a $1.25 billion Pan Asia Credit strategy anchored by a $500 million 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.

Currently, Moffatt is the Chairman of Ventia Services Group, a position he has held since the formation of the company in 2015. Previously, he was the CEO of Lebara Group; CFO, Group Managing Director, Finance and Administration, and Head of Consumer at Telstra Corporation; CEO of GE & GE Capital Australia New Zealand; and a Director and Finance Committee Chair at Foxtel Limited. Moffatt is a graduate and honoris causa of Queensland University of Technology.