One of Trump’s Treasury contenders hails from the most cutthroat private equity firm on Wall Street ...Middle East

Analysis by Allison Morrow, CNN New York (CNN) — Marc Rowan, a contender for what is arguably the most important economic job in the US government, is the CEO of Apollo Global Management, a behemoth in private equity, an industry notorious for its cutthroat, profit-at-all-costs standards. The 62-year-old executive’s ascent to Donald Trump’s Cabinet would, if he were nominated and confirmed, could represent a major win for one of the most powerful (and often despised) sectors of finance. As Treasury secretary, Rowan would directly oversee the Financial Stability Oversight Council, which is nominally responsible for policing the “nonbank” financial system, including the private equity i

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One of Trump’s Treasury contenders hails from the most cutthroat private equity firm on Wall Street ...Middle East

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