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Apollo Global Management President Spilker resigns

NEW YORK (AP) -- Apollo Global Management President Marc Spilker is resigning from his post and is stepping down as a member of the private equity firm's executive committee.

The 49-year-old Spilker has served as president of Apollo Global Management LLC since December 2010. He retired from Goldman Sachs in May 2010, having served as co-head of its investment management division.

Apollo said Thursday that Spilker will remain as a senior adviser for the rest of the year.