Apollo to Tap Rich, Retail Clients in Asia for Asset Growth (1)

Apollo Global Management Inc. said high-net-worth clients and access to retail investors are the biggest opportunities in Asia for growth in the coming years.

Australia’s superannuation system, which will be the world’s second-largest pension by 2030, and Japanese savers that are sitting on $7.4 trillion of cash deposits will be key to business, Matthew Michelini, head of Apollo’s Asia-Pacific business, said at the Bloomberg Invest conference in Hong Kong.

“It is ripe for what we provide, and we have to figure out how to more effectively engage with the consumer,” Michelini said. Apollo has a large high-net-worth business in ...