Terra Firma’s Hands Steps Down as CIO After Two Decades in Role

While executives credit Schwartz for earning the founders’ trust, some worry he may be building consensus at the expense of making more dramatic changes at a PE firm that has fallen behind.

Becker, a partner, joined Apollo in 1996 as its 14th employee after working as an analyst at Smith Barney.

High-profile departures include Credit Suisse chief financial officer Dixit Joshi and co-head of the investment bank David Miller.