Apollo Picks Austin Over New York As Wall Street's Migration South Continues

Apollo Picks Austin Over New York As Wall Street's Migration South Continues It's not just Citadel that's moving out of New York. Apollo Global Management has chosen Austin, Texas, as its second headquarters, according to sources familiar with the decision. The firm, which manages about $1 trillion in assets, evaluated Austin, Miami, Palm Beach, and Nashville before CEO Marc Rowan selected Austin, according to Financial Times. The new office is expected to host most future hiring as Apollo expands beyond its longtime New York base. While the decision has been communicated internally,...