Apollo Global Management CEO Marc Rowan cites rising risks of an unexpected economic shock amid AI-driven labor shifts and geopolitical instability.
Apollo Global Management CEO Marc Rowan warned of a 30% to 35% probability of a significant market disruption, despite current economic strength. He attributed the risk to inflationary policies, geopolitical instability, and AI-driven labor market upheaval.
Rowan’s comments follow Apollo surpassing $1 trillion in assets under management. The firm is adopting defensive strategies, including upgrading credit quality and increasing cash reserves, to mitigate potential contagion risks in the insurance sector.
The CEO cautioned against aggressive financial practices, suggesting regulators may need to intervene if systemic risks escalate. Markets have largely ignored such warnings amid recent highs.