Apollo plans to add 10 staff to Japan team
Japan office to be fastestgrowing in Asia over next two years
Multiasset manager to start wealth hiring in Korea, Australia

HONG KONG, Jan 9 Reuters Apollo Global Management plans to expand in Japan and add staff to its Asia wealth business, its regional top executive said, as global investment firms pump more resources into the region to capitalise on a surge in deals and assets.

The New Yorkbased asset manager aims to add around 10 people in Japan to accelerate its expansion in the country, Matthew Michelini, Apollo39;s Singaporebased partner and AsiaPacific head, told Reuters.

If I look at the regional leads that we need to hire over the next year or two, most of them we39;re looking for will be seated in Japan, said Michelini, one of the architects behind Apollo39;s move to ramp up Asia39;s contribution to its global business three years ago.

Its Tokyo office currently has around 20 to 25 staff including 10 investment professionals and the firm could expand the total to 30 in the next two years, he said.

Japan will be Apollo39;s fastestgrowing office in Asia for the next two years, with a setup covering private equity, institutional sales, wealth and credit, Michelini said, adding capital allocation to the country is also likely to rise.

Rivals including Warburg Pincus WP.UL and Carlyle are also expanding in Japan with more hires.

The Japan expansion coincides with a surge in dealmaking over the past two years,…