(RTTNews) – Apollo World Administration, Inc. (APO) and Motive Companions, Thursday have launched Lyra Shopper Options Holdings, LLC, a spin-out from Apollo’s shopper companies division. Lyra offers superior client-servicing options, leveraging know-how and operations to boost effectivity and person expertise for institutional and wealth shoppers. Each corporations have invested in Lyra to help its launch and commercialization.
With personal markets increasing on account of product innovation and shifting investor allocations, various asset managers face growing calls for for superior service amid value and effectivity challenges. Lyra goals to handle these wants with scalable, high-touch companies, together with pre-trade, onboarding, and post-trade help, powered by cutting-edge know-how and top-tier operations expertise.
Eileen Sivolella has been appointed as Lyra’s Board Chair and Impartial Director. Beforehand, she served as Managing Director and World CFO at Introduction Worldwide, overseeing $90 billion in belongings till her retirement in 2022. Earlier than Introduction, she was World CFO at Bain Capital, the place she contributed to key committees, together with valuation and operational audit. She additionally held a Associate position at Deloitte, the place she co-founded its personal fairness observe in New York.
APO is at the moment buying and selling at $133.1 or 5.29% decrease on the NYSE.
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