~ In a recent announcement, Governor Greg Abbott revealed that Apollo Global Management (NYSE: APO) will be establishing a new strategic hub in Austin. This move is aimed at driving innovation, emerging technology, and the next phase of the firm's growth.

According to Governor Abbott, "Texas is the new financial capital of America." He believes that Apollo has made the right decision by selecting Texas for its new strategic growth hub. With the largest financial services workforce in the nation already present in Texas, this expansion in Austin will further solidify the state's global leadership in the financial services sector. Governor Abbott also added that for innovative industry leaders seeking stability, speed, and scalability, there is no better place to invest and grow than Texas.

Apollo is one of the world's largest global alternative asset management and retirement solutions providers. The company has been partnering with Texas for almost 20 years now. The decision to choose Texas for this expansion was based on several factors such as the state's welcoming business environment, presence of major corporate headquarters and a thriving high-tech ecosystem, access to a growing talent pool, and potential for future growth.

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Marc Rowan, CEO of Apollo stated that their mission at Apollo and Athene is to meet the capital needs of companies and economies while enabling people to retire with confidence. He believes that this new presence in Austin is a continuation of their DNA of driving innovation for over three decades. Rowan also mentioned that change is constant and they would rather lead it than react to it. With Austin providing them with access to talent, technology, and a favorable business environment, they can build the next generation of Apollo and Athene.

Austin Mayor Kirk Watson also expressed his excitement about Apollo's decision to invest in Austin. He stated that Austin is a great investment for businesses due to its ample supply of smart and creative young people. Mayor Watson believes that Apollo has chosen Austin because of its talented workforce, beautiful natural environment, and its position as a leader in the innovation economy. He also added that this expansion will provide young Austinites graduating from local universities with more opportunities to start their careers without having to move to the East Coast or elsewhere.

The new strategic hub in Austin is expected to incubate new and emerging businesses across Apollo's asset management and retirement solutions platform. This will not only represent a significant capital investment but also lead to significant job creation in the state. With this move, Apollo joins a growing list of companies choosing Texas as their preferred location for growth and innovation.

For more information about Apollo, visit their website.

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