Apollo Global Management has appointed Marc Spilker as president, effective 1 December 2010.

Spilker will run the day to day operations of Apollo and sit on the company's executive committee.

In addition to Spilker, Apollo's executive committee includes: Leon Black, chairman and chief executive officer; Josh Harris, senior managing director; Marc Rowan, senior managing director; and Henry Silverman, vice chairman and chief operating officer.

Black says: "We are excited to welcome Marc as president of Apollo and believe we will benefit from his deep experience in the financial industry. His successful career at Goldman Sachs and his extensive knowledge of the alternative asset management industry make him an ideal addition to our Executive Committee as we move forward."

Spilker says: "I look forward to working with my new colleagues at Apollo toward the continued success of the firm. The environment for alternative asset managers is rich with opportunities and I am excited about the prospects for further growth."

Spilker retired from Goldman Sachs in May 2010 after 20 years of service as the co-head of the investment management division. Spilker was also a member of Goldman Sachs' management committee.