BUZZ-Apollo slips after report CEO Rowan emerges as top contender for Treasury role

Reuters11-21 00:10

** Shares of asset manager Apollo Global fall ~3% to $163.26, underperforming peers

** CEO Marc Rowan has emerged as a top contender for the Treasury secretary role under the Trump administration, Financial Times reports

** President-elect Donald Trump's search for a Treasury secretary is widening and he is looking at several candidates for the job, Reuters reports

** APO stock has surged more than threefold since Rowan became CEO in March 2021

** Shares of BlackRock and KKR down 0.3% and 0.1%, respectively, while Blackstone is flat

** APO has gained ~81% YTD, as of last close

(Reporting by Niket Nishant in Bengaluru)

((Niket.Nishant@thomsonreuters.com))

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