Apollo Global Management, the New York-based private equity giant, has announced it will relocate its corporate headquarters to Austin, Texas, marking a significant shift in the financial industry's geographic footprint. The move, confirmed in a regulatory filing on June 15, 2026, will see the firm's executive offices move to the Texas capital, though it will maintain a significant presence in New York.
Apollo joins a growing list of financial firms that have moved operations or headquarters to Texas in recent years, including Goldman Sachs' expansion of its Dallas campus and Charles Schwab's relocation to the state. The trend reflects lower taxes, a favorable business climate, and a growing talent pool in the region.
Apollo's decision is expected to bring hundreds of jobs to Austin, a city that has already seen an influx of tech and finance companies. The firm's CEO, Marc Rowan, stated that the move aligns with the company's growth strategy and will allow it to better serve its clients and employees.
The relocation does not mean a complete departure from New York; Apollo will retain a major office in Manhattan, where it was founded in 1990. The firm manages over $500 billion in assets and is one of the largest alternative asset managers globally.
