Marc Spilker is resigning as president of private equity firm Apollo Global Management and as a member of its executive committee.
Spilker will stay on as a senior advisor to Apollo for the rest of the year, the firm said in a statement.
He joined Apollo as president in May 2010 after a 20 year career with investment bank Goldman Sachs.
Apollo said that its executive committee which includes chairman and CEO Leon Black and senior managing directors Josh Harris and Marc Rowan will continue to manage the firm.
Spilker said, “We’ve accomplished a great deal over the past few years and I believe that the firm is well positioned as a public company for continued success.”
Earlier this month it was reported that Apollo Brit Group was looking to raise as much as £275m via an IPO on the London Stock Exchange.
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