Jeffrey Epstein.
It also concluded neither Black nor Apollo employees were involved in Epstein s criminal activities.
Apollo Global Management Chief Executive Leon Black is stepping down following the results of an independent investigation into his relationship with Jeffrey Epstein, the firm said on Monday.
The report found larger than previously known payments from Black to the disgraced financier, though it said that the payments were for legitimate financial and tax-planning services. Epstein was arrested in 2019 on suspicion of trafficking dozens of underage girls as young as 14 in the early 2000s, before dying while in federal prison.
Advertisement Chairman and CEO Leon Black has informed the Board of Directors that he will retire as CEO effective on or before July 31, 2021 consistent with best-in-class governance practices, Apollo said in a statement, adding that co-founder Marc Rowan would take over as CEO, while Black would remain as chairman.
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