James Belardi
About James Belardi
James R. Belardi (age 68) serves on Apollo Global Management’s (AGM, ticker APO) Board of Directors and Executive Committee, and is the co-founder, Chairman, CEO, and CIO of Athene Holding Ltd. (AHL) and founder/CEO of Apollo Insurance Solutions Group LP (ISG), AHL’s investment manager . He holds a B.A. in economics from Stanford and an MBA from UCLA; prior roles include President of SunAmerica Life and EVP/CIO of AIG Retirement Services overseeing a $250 billion invested-asset portfolio . Under his leadership, Athene grew to $327 billion gross invested assets (12/31/2024) and generated nearly $3.2 billion of Spread Related Earnings (SRE) in 2024, compounding ~15% annually over the past decade . APO’s 2024 stock performance delivered 80% total return to $165.16 share price at year-end, with record firm-level Fee Related Earnings of $2.1 billion, +17% YoY, and S&P 500 inclusion (Dec 2024) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| SunAmerica Life Insurance Company | President | — | Senior leadership of a leading insurer prior to founding AHL/ISG |
| AIG Retirement Services, Inc. | EVP & Chief Investment Officer | — | Oversaw invested-asset portfolio of $250 billion |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Apollo Insurance Solutions Group LP (ISG) | Founder, Chairman & Chief Executive Officer | — | Leads AHL’s investment manager; member of ISG executive committee |
| Paulist Productions | Director; Chair of Investment Committee | — | Governance and investment oversight |
| Southern California Aquatics | Director | — | Community and organizational engagement |
Fixed Compensation
| Component | 2024 Terms | Notes |
|---|---|---|
| Base Salary | $1,875,000 | Per AHL employment agreement |
| Target Annual Incentive | $1,850,000 | Payable in cash or tradeable securities that vest annually; 2024 payout granted Feb 2025 as RSUs |
| Contract Term | Through Dec 31, 2025 | Auto-renews for one-year terms unless non-renewal notice given |
Performance Compensation
| Incentive Element | Metric/Structure | Weighting | Target | 2024 Performance | Payout/Outcome | Vesting |
|---|---|---|---|---|---|---|
| Annual Incentive RSUs (AHL CEO) | Corporate financial/operational scorecard (6 metrics) | 25% | Various (incl. SRE target $3.726B; inflows $70.0B) | SRE $3.558B; inflows $71.9B; select areas exceeded/below target | Corporate objectives achieved 118% of target component | RSUs vest in two equal annual installments |
| Investment portfolio total return vs benchmarks | 25% (12.5% each) | Non-alt vs Barclays US Agg; Alt vs 50/50 S |