Another billionaire in Team Trump 2.0? Marc Rowan a top contender for treasury secretary
Marc Rowan is a key contender for US treasury secretary post. Image courtesy: Apollo Global Management Inc. Photograph:( Others )
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Marc Rowan, a private equity investment billionaire, is a top contender for the US treasury secretary job in the incoming Trump administration, according to reports. The CEO of Apollo Global Management is likely to be interviewed by President-elect Donald Trump and make a case for himself on Wednesday. Know more about him, and what his potential hiring would mean
Marc Rowan, a private equity investment billionaire, is a top contender for the US treasury secretary job in the incoming Trump administration, according to reports. The CEO of Apollo Global Management is likely to be interviewed by President-elect Donald Trump and make a case for himself on Wednesday. Know more about him, and what his potential hiring would mean
Is a private equity billionaire going to be the treasury secretary of the US, one of the most important cabinet positions yet to be filled by incoming president Donald Trump?
Marc Rowan, the CEO of Appolo Global Management Inc, is a top contender for the post that has massive implications for US financial and economic policy affecting the nation and rest of the world, according to various media reports.
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Rowan, 62, has gone to Florida from his base in Hong Kong, and is set to meet Trump on Wednesday (Nov 20) to make his case for the job, the Financial Times reported.
According to the British newspaper, Rowan has the support of several Trump donors.
Other top names for the job include hedge fund investor Scott Bessent, former Federal Reserve governor Kevin Warsh and Tennessee Senator Bill Hagerty.
Trump will interview both Rowan and Warsh on Wednesday, Bloomberg news agency reported citing sources.
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Trump tapped another billionaire, Howard Lutnick from the investment firm Cantor Fitzgerald, as commerce secretary on Tuesday.
Rowan, a Wharton School of Business graduate, was part of the team that adviced Trump during the early stages of Covid pandemic that hit the US at the fag end of his first term.
Rowan's investment firm Apollo Global Management has assets under management worth over $700 billion.
According to a report in Times of Israel, Rowan was an ardent critic of antisemitism in US educational institutions in the wake of Gaza war after Israel was attacked by Hamas terroists last October.
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Financial industry veterans becoming treasury secretary is nothing new in the 'revolving door' of industry-government jobs of the US.
If Rowan is named by Trump and approved by Senate, he will have influence over the $24 trillion private equity market, said a report on Fortune magazine.
(With inputs from agencies)
