Full-Time
Associate Market Risk
Updated on 9/3/2026
Apollo Global
1,001-5,000 employees
Alternative investment manager with distressed expertise
No salary listed
Mumbai, Maharashtra, India
In Person
On-site role in Mumbai; no remote work.
Bachelor's, Master's
 Finance & Banking (1) |
|---|
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- 2+ years of experience as a risk manager or in trading in large Investment Banks or Asset Manager with an emphasis within the credit products
- Knowledge of traded credit market dynamics including cash, synthetics, and structured products
- Good understanding of quantitative traded credit methodologies and traded credit analytics
- Proficiency with Python, SQL, and Excel is preferred
- Bachelor’s degree from an accredited institution is required; master’s degree in a quantitative discipline such as mathematics, computer science, financial engineering, econometrics is preferred, but not required
- Collaborative, organized, flexible and results driven
- Strong drive and initiative, collaborative to effectively liaise with senior stakeholders and colleagues
- Forward thinking, creative individual who challenges the status quo and takes initiative to reengineer processes
- Strong project management skills
- Excellent stakeholder management skills including ability to resolve conflict and observe confidentiality
- Be nimble and flexible to balance multiple tasks simultaneously
- The ability to take on a task and run with it to conclusion
- Demonstrated ability to work effectively and independently across different businesses and functional areas with thorough attention to detail in a potentially high paced environment
- Monitor investment risks of portfolios to ensure that risks are fully understood by portfolio managers and senior management, and appropriately scaled consistent with clients’ objectives
- Analyze portfolio risk utilizing analytical tools and techniques to facilitate discussions on portfolio construction
- Visualization of risk assessment via Tableau, Python or best in class visualization tool
- Utilize proprietary risk systems for monitoring of portfolio exposures, stress testing, risk and performance attribution
- Partner with Analytics and Technology teams to develop, enhance, and deliver state-of-the-art risk analytics and models
- Build and manage relationships with stakeholders, and more importantly with local and regional business leaders, including internal and external parties
- Be diplomatic and adaptable, but nonetheless be forthright influencer and communicator, capable of understanding and managing the diverse requirements of numerous senior stakeholders
- Master’s degree in a quantitative discipline such as mathematics, computer science, financial engineering, econometrics is preferred
- Proficiency with Python, SQL, and Excel is preferred
- 2+ years of experience in risk management or trading in large investment banks or asset managers is preferred
Apollo Global Management is a global manager of alternative investments. It invests on behalf of clients in private equity, credit, and real estate, with a focus on distressed opportunities and value-oriented strategies. It operates its businesses in an integrated way across asset classes, using capital to back the balance sheets of industry-leading companies. The company has a 26-year history of deploying capital through different economic cycles and aims to create value for its investors. What sets Apollo apart is its combination of cross-asset expertise, distressed investing know-how, and its integrated platform, which it uses to pursue opportunities where others may not. Its goal is to generate returns for investors by applying its contrarian, value-oriented approach across private equity, credit, and real estate investments.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
1990
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Simplify's Take
What believers are saying
- August 2026 AUM reached $1.05 trillion, up 25% year over year.
- Apollo won Atlantic Aviation, Enbridge Westcoast, and easyJet deals in August 2026.
- Kelvion sale to SLB validates Apollo's infrastructure underwriting and monetization discipline.
What critics are saying
- March 2026 Epstein shareholder suit targets Marc Rowan, Leon Black, and Apollo's disclosures.
- Athene ties Apollo to insurance regulation, ratings pressure, and reinsurer counterparty failures.
- easyJet and Oneok transactions raise execution risk if 2026 integration or financing stumbles.
What makes Apollo Global unique
- Apollo's integrated asset manager plus Athene retirement platform creates sticky, diversified capital.
- Apollo's credit-and-distressed heritage drives control-oriented deals like Enbridge Westcoast and Kelvion.
- Apollo turns scale into sourcing power, with $1.05 trillion AUM and $298 billion inflows.
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Alpha Dhabi doubles commitment to Mubadala Capital's Micad Credit JV to $1 billion. Alpha Dhabi Holding has doubled its capital commitment to the Micad Credit joint venture with Mubadala Capital to $1 billion, raising its stake to 40% as the vehicle's mandate broadens beyond US and European direct lending. Rudri Mehta Kachhy CAPITAL & DEALS CORRESPONDENT Alpha Dhabi Holding has doubled its capital commitment to the Micad Credit joint venture it runs with Mubadala Capital, to $1 billion, raising its ownership stake in the vehicle to 40% from 20%. The expanded commitment broadens the joint venture's mandate beyond its existing US and European direct lending focus to include additional global private credit strategies. What the expanded stake actually covers. Micad Credit JV, based in Abu Dhabi Global Market, now manages $1.7 billion in assets across 45 portfolio companies, corroborated by Zawya. The vehicle leverages Mubadala's strategic partnership with Apollo, the New York-listed alternative asset manager, to access private credit opportunities across sectors and geographies offering high risk-adjusted returns. "This expanded partnership with Mubadala Capital reflects our conviction in private credit as a strategic pillar of Alpha Dhabi's investment portfolio," said Hamad Salem Al Ameri, group chief executive and managing director of Alpha Dhabi. Omar Eraiqat, president and chief investment officer for credit and solutions at Mubadala Capital, said the firm "remains focused on expanding access to differentiated private credit opportunities through our investment capabilities and long-term global relationships in the sector." A target that has already grown once. Micad Credit JV launched in 2023 with Mubadala holding 80% and Alpha Dhabi 20%. By March 2025, the vehicle had already deployed $1 billion, prompting the partners to raise their original target by 150%, to $2.5 billion deployed by 2028. Alpha Dhabi's move to double its own commitment and stake now comes roughly a year and a half after that target increase, rather than as a fresh, unplanned expansion. Why it matters. Eraiqat's role connects this deal to a broader build-out inside Mubadala Capital's credit business this year. The same executive leads the unit that transferred a separate $25 billion credit portfolio from Mubadala Investment Company onto Mubadala Capital's own platform in July, opening it to third-party capital for the first time since Mubadala began investing in private debt in 2009. Micad Credit JV, at $1.7 billion in assets, is smaller and structurally distinct, a joint venture with a single named partner rather than a multi-investor platform, but it sits inside the same institutional push to scale Mubadala's credit franchise. For Alpha Dhabi, doubling down on a vehicle it already holds a minority stake in, rather than starting a separate credit strategy, signals a preference for deepening an existing partnership over diversifying across managers. What's next. Whether Alpha Dhabi's stake increase is followed by further capital commitments as the vehicle scales towards that target is the more concrete detail to track next.
Apollo Funds agree to sell Kelvion, a global leader in cooling solutions for Data Centers and Diversified Industrials, to SLB for $4.1 billion. NEW YORK and HERNE, Germany, Aug. 31, 2026 (GLOBE NEWSWIRE) - Apollo (NYSE: APO) today announced that global energy technology company SLB (NYSE: SLB) has entered into definitive agreement to acquire 100% of Kelvion, a leading global developer and manufacturer of thermal management solutions, for approximately $3.4 billion in cash and will assume approximately $0.7 billion of debt. Today, Kelvion is majority owned by Apollo-managed funds; funds advised by Triton hold a minority interest that will also be acquired by SLB. Kelvion is a global leader in advanced cooling solutions, helping to drive greater efficiency and sustainability for customers across a broad spectrum of industrial and energy infrastructure end-markets. With the support of the Apollo Infrastructure Group and Apollo's Hybrid Value franchise, Kelvion has grown its global team and increased its strategic focus and investment in serving data centers, which represent its largest and fastest-growing segment. As part of SLB, Kelvion is expected to further strengthen its offering to customers, complementing SLB's data center solutions business with critical thermal management technologies, expanding the company's role in data center infrastructure. SLB's data center solutions business has grown rapidly over the past three years and expects cumulative deliveries to exceed 2 gigawatts globally by year-end. Waleed Elgohary, Partner, Apollo, said, "From the outset, our focus was on giving Kelvion management the resources and strategic support to pursue the Company's most compelling growth opportunities, chief among them bringing energy efficiency solutions to the AI buildout. Management has done an excellent job executing its strategic plans and collectively we believe long-term growth will accelerate as part of SLB, a global leader in energy services that's applying its expertise to data center development around the world." Olivier Le Peuch, Chief Executive Officer, SLB, said, "AI is driving the most significant infrastructure investment cycle in our lifetime. This transaction accelerates our ambition to become an industrial technology partner to the data center industry and help customers address the growing infrastructure complexity required to scale AI. Kelvion advances our path toward more integrated data center infrastructure solutions, expands our addressable market - more than doubling our revenue opportunity per gigawatt of delivered capacity - and allows us to scale both our offerings and the global reach of the business." Andy Blandford, CEO of Kelvion, said: "Today is a significant milestone for Kelvion that reflects the dedication of our employees around the world. I would like to thank Apollo Funds, Triton and our customers for their partnership and support. Together, we have transformed Kelvion into a fast-growing, highly successful global business with leading positions in both Data Centers and Diversified Industrials. We are excited to become part of SLB, a global technology leader whose innovation capabilities, international reach and long-term vision make it an ideal home for Kelvion." The Apollo Funds' investment in Kelvion, which completed in January 2026, showcases the track record and scaled, integrated platform of the Apollo Infrastructure Group, which focuses on providing creative capital solutions across the risk-return spectrum in support of the Global Industrial Renaissance and energy transition. Apollo Funds have deployed more than $155 billion[1] across infrastructure and infrastructure-related investments over the past five years. The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals, and is expected to close in the first half of 2027. Guggenheim Securities, LLC acted as lead financial advisor to the Apollo Funds and Kelvion, with UBS AG London Branch also serving as financial advisor. Sidley Austin LLP served as legal counsel on the transaction. Paul, Weiss, Rifkind, Wharton LLP served as the regulatory counsel of the transaction. [1] The deployment, commitment, or arrangement of capital into infrastructure investments is commensurate with Apollo's proprietary Infrastructure Investment Classification Framework and Calculation Methodology (the "Methodology"). The Methodology, which is subject to change at any time without notice, sets forth certain categories of investments classified by Apollo as infrastructure investments. Only investments determined to be aligned with one or more categories of infrastructure investment in accordance with the Methodology are counted toward the deployment, commitment, or arrangement of capital. Under the Methodology, Apollo uses different calculation methodologies for different types of asset classes. For additional details on the Methodology, please refer to its website. About Apollo Apollo is a high-growth, global alternative asset manager. In its asset management business, Today in New York seek to provide its clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, its investing expertise across its fully integrated platform has served the financial return needs of its clients and provided businesses with innovative capital solutions for growth. Through Athene, its retirement services business, Today in New York specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Its patient, creative, and knowledgeable approach to investing aligns its clients, businesses Today in New York invest in, its employees, and the communities Today in New York impact, to expand opportunity and achieve positive outcomes. As of June 30, 2026, Apollo had approximately $1.05 trillion of assets under management. To learn more, please visit www.apollo.com. About Kelvion Kelvion is a leading global developer and manufacturer of thermal solutions. Renowned for its commitment to innovation and sustainability, the company delivers cutting-edge thermal management solutions that empower customers to ensure reliable and efficient operations. Kelvion's extensive portfolio serves a wide range of applications, including data centers and diversified industrials. The company's global sales, service and production network ensures that Kelvion is always available to support customers all around the world. About SLB SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global presence in more than 100 countries and employees representing almost twice as many nationalities, Today in New York work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com. Noah Gunn Global Head of Investor Relations Apollo Global Management, Inc. (212) 822-0540 [email protected] Joanna Rose Global Head of Corporate Communications Apollo Global Management, Inc. (212) 822-0491 [email protected] / [email protected] Kelvion Contact Marcel Assmann VP Marketing & Communication [email protected] SLB Contact Josh Byerly - SVP of Global Communications Moira Duff - Director of External Communications Tel: +1 (713) 375-3407 [email protected] Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Today in New York do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Apollo Funds agree to sell Kelvion, a global leader in cooling solutions for Data Centers and Diversified Industrials, to SLB for $4.1 billion. NEW YORK and HERNE, Germany, Aug. 31, 2026 (GLOBE NEWSWIRE) - Apollo (NYSE: APO) today announced that global energy technology company SLB (NYSE: SLB) has entered into definitive agreement to acquire 100% of Kelvion, a leading global developer and manufacturer of thermal management solutions, for approximately $3.4 billion in cash and will assume approximately $0.7 billion of debt. Today, Kelvion is majority owned by Apollo-managed funds; funds advised by Triton hold a minority interest that will also be acquired by SLB. Kelvion is a global leader in advanced cooling solutions, helping to drive greater efficiency and sustainability for customers across a broad spectrum of industrial and energy infrastructure end-markets. With the support of the Apollo Infrastructure Group and Apollo's Hybrid Value franchise, Kelvion has grown its global team and increased its strategic focus and investment in serving data centers, which represent its largest and fastest-growing segment. As part of SLB, Kelvion is expected to further strengthen its offering to customers, complementing SLB's data center solutions business with critical thermal management technologies, expanding the company's role in data center infrastructure. SLB's data center solutions business has grown rapidly over the past three years and expects cumulative deliveries to exceed 2 gigawatts globally by year-end. Waleed Elgohary, Partner, Apollo, said, "From the outset, our focus was on giving Kelvion management the resources and strategic support to pursue the Company's most compelling growth opportunities, chief among them bringing energy efficiency solutions to the AI buildout. Management has done an excellent job executing its strategic plans and collectively we believe long-term growth will accelerate as part of SLB, a global leader in energy services that's applying its expertise to data center development around the world." Olivier Le Peuch, Chief Executive Officer, SLB, said, "AI is driving the most significant infrastructure investment cycle in our lifetime. This transaction accelerates our ambition to become an industrial technology partner to the data center industry and help customers address the growing infrastructure complexity required to scale AI. Kelvion advances our path toward more integrated data center infrastructure solutions, expands our addressable market - more than doubling our revenue opportunity per gigawatt of delivered capacity - and allows us to scale both our offerings and the global reach of the business." Andy Blandford, CEO of Kelvion, said: "Today is a significant milestone for Kelvion that reflects the dedication of our employees around the world. I would like to thank Apollo Funds, Triton and our customers for their partnership and support. Together, we have transformed Kelvion into a fast-growing, highly successful global business with leading positions in both Data Centers and Diversified Industrials. We are excited to become part of SLB, a global technology leader whose innovation capabilities, international reach and long-term vision make it an ideal home for Kelvion." The Apollo Funds' investment in Kelvion, which completed in January 2026, showcases the track record and scaled, integrated platform of the Apollo Infrastructure Group, which focuses on providing creative capital solutions across the risk-return spectrum in support of the Global Industrial Renaissance and energy transition. Apollo Funds have deployed more than $155 billion[1] across infrastructure and infrastructure-related investments over the past five years. The transaction is subject to satisfaction of certain closing conditions, including regulatory approvals, and is expected to close in the first half of 2027. Guggenheim Securities, LLC acted as lead financial advisor to the Apollo Funds and Kelvion, with UBS AG London Branch also serving as financial advisor. Sidley Austin LLP served as legal counsel on the transaction. Paul, Weiss, Rifkind, Wharton LLP served as the regulatory counsel of the transaction. [1] The deployment, commitment, or arrangement of capital into infrastructure investments is commensurate with Apollo's proprietary Infrastructure Investment Classification Framework and Calculation Methodology (the "Methodology"). The Methodology, which is subject to change at any time without notice, sets forth certain categories of investments classified by Apollo as infrastructure investments. Only investments determined to be aligned with one or more categories of infrastructure investment in accordance with the Methodology are counted toward the deployment, commitment, or arrangement of capital. Under the Methodology, Apollo uses different calculation methodologies for different types of asset classes. For additional details on the Methodology, please refer to our website. About Apollo Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private 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. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2026, Apollo had approximately $1.05 trillion of assets under management. To learn more, please visit www.apollo.com. About Kelvion Kelvion is a leading global developer and manufacturer of thermal solutions. Renowned for its commitment to innovation and sustainability, the company delivers cutting-edge thermal management solutions that empower customers to ensure reliable and efficient operations. Kelvion's extensive portfolio serves a wide range of applications, including data centers and diversified industrials. The company's global sales, service and production network ensures that Kelvion is always available to support customers all around the world. About SLB SLB (NYSE: SLB) is a global technology company that has driven energy innovation for 100 years. With a global presence in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com. Noah Gunn Global Head of Investor Relations Apollo Global Management, Inc. (212) 822-0540 [email protected] Joanna Rose Global Head of Corporate Communications Apollo Global Management, Inc. (212) 822-0491 [email protected] / [email protected] Kelvion Contact Marcel Assmann VP Marketing & Communication [email protected] SLB Contact Josh Byerly - SVP of Global Communications Moira Duff - Director of External Communications Tel: +1 (713) 375-3407 [email protected]
Citymesh pumps American capital into Digi: is it regaining control? The Digi headquarters in Brussels. Citymesh is raising nearly 70 million euros from Apollo to accelerate the rollout of Digi Belgium. The company is investing 50 million euros directly and increasing its stake in the telecom operator. West Flanders-based Citymesh is securing 70 million euros from the American investment fund Apollo in the form of a loan. With these funds, it aims to strengthen its commitment to Digi. Since the launch in December 2024, Digi Belgium has attracted more than 120,000 mobile customers in Belgium and connected nearly 200,000 homes to its own fiber network. The operator aims to expand these figures to 2 million homes with fiber and 99.8 percent mobile coverage across Belgium by 2030. The financing from Apollo enables Citymesh to significantly ramp up its investments in Belgium's digital infrastructure. Citymesh co-owns Digi along with the Romanian parent group. It is investing 50 million directly into Digi, increasing its stake in the company from 23 to 34 percent. With the remaining capital, Citymesh intends to further expand its Private Networks portfolio both nationally and internationally. Renewed vows. Mitch De Geest, CEO of Citymesh Group, emphasizes that together with Digi Communications, it aims to shake up the Belgian telecom market. Digi Belgium combines Citymesh's local expertise and twenty years of experience with the scale and international experience of Digi Communications, which provides telecom services to 33.8 million customers in Romania, Spain, Italy, and Portugal. The CEO of Citymesh states that Digi's commercial progress is clearly visible and that the demand for a real challenger in the Belgian market is greater than ever. Digi wants to convince customers to make the switch with low prices. To better challenge the established players, Citymesh is pumping a fresh investment of 50 million euros into the company, through which Citymesh itself also acquires a larger stake. However, Citymesh previously seemed to be taking the opposite path and reducing its stake in Digi. With this investment, it renews its commitment. "With Digi Belgium, we have embarked on an ambitious project that is structurally changing the Belgian telecom market," De Geest clarifies. Together with Digi Group executive Valentin Popoviciu, he oversees the daily management. Turbulent start. The financing supports the further rollout of fiber and mobile networks with significant efficiency gains. Due to heavy investments, Digi is currently operating at a loss, but the company aims to break even quickly and be profitable from 2027. External investments are then welcome to help bear the costs. The launch of Digi has not been without growing pains. Digi experienced a bumpy start with internal reforms, during which executive Jeroen Degadt also left the ship, and the first customers were not exactly satisfied. During the rollout of the fiber optic network, haste and speed reportedly took precedence over following the rules. Following a complaint from Proximus, the Brussels court brought the fiber optic works to a halt. Expansion of Private Networks. In addition to the investments in Digi, the financing also creates space for Citymesh Private Networks to expand into new customers and geographical markets. This segment focuses on business-critical mobile private networks for enterprises, industry, and public services. Private networks are crucial for supporting business 5G applications. Citymesh is an established player in Belgium and the Netherlands for business network solutions, but is also starting to win more projects in France, Germany, and the United Kingdom, De Geest told De Tijd. Citymesh will invest the remaining millions from Apollo that do not go directly to Digi here. Stepping stone to more. In the long term, Citymesh would like to work more closely with Apollo. How that will take shape remains to be seen. Whether it remains limited to investing or brings Apollo on board with Digi are both possible avenues. The transaction is expected to close in the coming weeks, subject to customary closing conditions. "This collaboration with a global player is a powerful signal of confidence in our project and our team. It confirms what we see every day: the rollout of fiber and mobile is becoming increasingly efficient, and the commercial traction is there. Anyone who breaks open a market that has been comfortably divided between three players for 25 years should not be surprised by the headwinds," De Geest continues. Anyone who breaks open a market that has been comfortably divided between three players for 25 years should not be surprised by the headwinds. Mitch De Geest, CEO Citymesh
Telecomgroep Citymesh versterkt positie in Digi met steun van Amerikaanse financiële reus Apollo West Flemish telecom group Citymesh is strengthening both itself and telecom challenger Digi Belgium through a loan from American financial giant Apollo Global Management. The move represents a dual strategy for the company's growth. The alliance with Apollo may be expanded further, according to the announcement. Citymesh, based in West Flanders, operates in the telecommunications sector and has positioned itself to bolster its market presence through this financial backing. The loan arrangement enables Citymesh to consolidate its position whilst simultaneously supporting Digi Belgium's operations in the competitive Belgian telecom market.