Apollo sets up new credit unit with bulk of Credit Suisse assets

Apollo sets up new credit unit with bulk of Credit Suisse assets

FILE PHOTO: The logo of Swiss bank Credit Suisse is seen in front of a branch office in Bern, Switzerland November 29, 2022. REUTERS/Arnd Wiegmann

Apollo Global Management Inc said on Wednesday it is creating a new credit unit that now oversees majority of assets it purchased from Credit Suisse Group as a part of the sale of Securitized Products Group (SPG).