MD, Head of Market Structure & Platform Development – ACS

Apollo Management Holdings•New York City, NY

7d•Hybrid

About The Position

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients with excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Apollo's Alternative Asset Trading (AAT) group sits within Apollo Capital Solutions (ACS) and is building the foundational infrastructure for the private credit market. Public and private credit markets are converging, the $40T+ private credit market is scaling rapidly, yet the data, settlement, and workflow infrastructure underpinning it remains manual and fragmented. Private credit assets lack authoritative digital record, there is not a standard for how deal data flows between originators, investors, and counterparties. Owning and transacting in private credit should mirror the public credit experience. Apollo is leading to make that a reality. Apollo has already taken significant steps to drive this evolution. Launching ICE Private Credit Intelligence in partnership with Intercontinental Exchange to establish the core data infrastructure layer for private credit with permissioned data sharing, and scalable data extraction from deal documents. Apollo's dedicated secondary trading desk has facilitated over $10 billion in private credit trading volume. Additional workstreams span index development, digital transfer and settlement solutions, and more frequent pricing and NAV transparency across Apollo's credit business. The firms that help define the infrastructure will lead the market. We are seeking a senior leader to own the next phase of this buildout: taking ICE Private Credit Intelligence from anchor partner launch to market-wide adoption, scaling Apollo's broader market structure initiatives, and commercializing the platform across the private credit ecosystem. This is a market structure and business-building role, not a traditional technology or operations hire. The individual will operate at the intersection of strategic partnerships, commercial execution, and operational buildout. The role reports to senior ACS leadership and interfaces with Apollo's investment teams, trading desks, operations, legal, compliance, investor relations, regulatory affairs, and senior management.

Requirements

15+ years of experience in private credit, leveraged finance, or structured credit markets, with meaningful time spent in both investment/trading roles and operational/infrastructure roles
Direct experience in portfolio management, trading, or origination of private credit assets; understand the asset class from the perspective of someone who has managed risk, not only processed transactions
Demonstrated track record of building something from zero to one: a new business line, platform, or operational capability. This is a buildout role, not a maintenance role
Strong commercial instinct with experience designing business models, incentive structures, or go-to-market strategies; comfort owning a P&L and managing the transition from investment phase to revenue generation
Deep understanding of private credit operational mechanics: assignment agreements, settlement workflows, agent processes, and the full lifecycle from origination through secondary transfer and servicing
Ability to hold external partners accountable while delivering on internal commitments
Experience working with or across admin agents, custodians, fund administrators, servicers, and data providers; understanding the operational pain points at each node in the private credit ecosystem
Experience with market structure development or infrastructure buildouts in adjacent asset classes (e.g., syndicated loans, CLOs, ABS); familiarity with LSTA protocols, ClearPar, LXID/CUSIP infrastructure, or similar market utilities strongly preferred
Familiarity with data licensing and information services business models in financial markets
Entrepreneurial, collaborative, and solutions-oriented with strong communication skills and high execution discipline; comfortable operating with significant ambiguity in a fast-moving environment

Responsibilities

Own the Apollo side of the ICE Private Credit Intelligence partnership end-to-end: product development, data standards, go-to-market execution, and commercial strategy
Manage the phased buildout from foundation (document ingestion, initial dataset) through scaled adoption (forward flow integration, LP reporting, multi-GP onboarding) to market standard (cross-GP analytics, pricing benchmarks, indices, fully automated pipelines)
Build and manage the document supply pipeline with centralized, consistent, automated delivery of deal documents to ICE for data extraction
Own the permissioning policy framework: design the visibility tiers and access rules (public, permissioned, restricted) that govern how deal-level data flows through the platform; define borrower election defaults, agent controls, and override workflows that ICE enforces
Drive ICE adoption into Apollo's closing and operations workflows so it feels additive, not disruptive, to deal teams and operations
Hold partners accountable to concrete SLAs on document ingestion latency, data accuracy, and dedicated engineering resources while simultaneously ensuring Apollo's side of the dependency (clean document supply, fast validation feedback, internal adoption) is met
Lead the integration of ICE data with internal systems (booking, portfolio management, reporting) and external platforms (Aladdin, Everest, Charles River) to make the dataset operationally useful
Manage the transition of a securities master evolution from manual data entry to AI-assisted data validation reframing the workflow improvement role
Design and execute the strategy to onboard additional originators, asset managers, and capital markets participants onto the ICE platform to convert the Apollo-seeded dataset into an industry-wide data utility
Own the GP incentive structure: subsidized early access to remove adoption friction, contribution-based economics to align incentives with data quality, and strategic governance participation for top-tier anchors
Lead pitch conversations with anchor GP candidates, framing the platform around the data outputs that solve their problems (LP reporting, benchmark analytics, market intelligence, regulatory positioning) not infrastructure plumbing
Build the onboarding playbook, governance model, and cross-GP data separation rules required for multi-tenant platform operation
Own the P&L trajectory: define revenue models across lifecycle event fees, data and analytics subscriptions, and premium workflows; manage the path from subsidized adoption through commercial sustainability
Lead Apollo's market structure strategy across the full stack of infrastructure required for private credit to scale; data standardization (ICE), index development, secondary trading infrastructure, and digital transfer and settlement
Drive index partnership development – working with index providers to bring standardized performance benchmarking to private credit, recognizing that once performance is measured against benchmarks, trading becomes structural
Support the development of novel transfer and settlement solutions for private assets, with the goal of moving from today's manual consent-driven process toward automated, near-real-time transfer
Contribute to the continued evolution of Apollo's secondary trading capabilities, ensuring that data infrastructure, pricing transparency, and settlement innovation reinforce each other
Serve as the primary interface between the infrastructure initiative and senior ACS/AAT leadership, providing clear reporting on milestones, adoption metrics, partnership status, and strategic decisions requiring escalation
Coordinate across trading, portfolio management, legal, compliance, operations, technology, investor relations, and insurance (Athene) teams recognizing that internal adoption across these constituencies is as critical as external enrollment
Translate between the language of markets (how traders and PMs think ) and the language of infrastructure influencing how platforms need to be built, governed, and commercialized