Apollo says ex-SEC chief Clayton to take over as chairman from Black

Black had planned to retain the role of chairman after he agreed to step down from the post of CEO in January, following an independent review of his ties to convicted sex offender Jeffrey Epstein

Apollo Global Management Inc on Monday appointed Jay Clayton, former U.S. Securities and Exchange Commission chief, as non-executive chairman after Founder Leon Black said he would step down from the post to focus on his family, health, and other interests.

Black had planned to retain the role of chairman after he agreed to step down from the post of chief executive officer (CEO) in January, following an independent review of his ties to the late financier and convicted sex offender Jeffrey Epstein.

"In the last few months, not only did we announce a transformative merger with Athene, but also expect to report