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efta-efta01386926DOJ Data Set 10CorrespondenceEFTA Document EFTA01386926
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EFTA DisclosureText extracted via OCR from the original document. May contain errors from the scanning process.
2018 Account Planning
RM contribution
Relationship Name: Elysium Management
Banker Team: Stewart Oldfield
GCIS Number: 00000490445
Relationship Team:
ISG: Andrew King
Trust/Custody:
DPM:
WPS:
KCP: Matt Glassman
Deposits:
Lending: Pete Ferrara/Laura Farischon
Other:
Client Profile
Elysium Management is the family office that manages the capital of Leon Black, the Co-Founder and CEO of
Apollo Global Management LLC (AGM). Leon Black is an American businessman, specializing in leveraged
buyouts and private equity.
[please pull more of Leon's bio from the intemet — include his time at Drexel and his art collecting]
The main point of contact for the family office is Brad Weschsler, Managing Partner of the family office.
Brad is Chairman of IMAX and worked with Leon at Drexel. We also work with the CEO of the family office,
Barry Cohen, who was a partner at Apollo. Direct private investments are run by Greg Ruben. Leon's son
Josh also works at the family office.
This relationship was established in April 2014 by former banker Paul Morris, and is managed by Stewart
Oldfield. It was referred by Jeffrey Epstein who helped Leon set up his family office. The relationship is KCP
adopted and currently holds approximately $255k in AUMs. Total net worth is $5mm+
Leon has relationships across the street, but most of his wealth is managed at BAML
Opportunities and Challenges
We have had many sizable opportunities with this client, but there have been many challenges to getting
substantial business done.
Most opportunities to date have been on the lending side. Leon uses substantial leverage in his personal
portfolio which consists of fairly illiquid assets — shares of APO, art and real estate.
We believe he has close to a $1bn art loan at BAML. In 2015, he had a $500mm loan and we tried to
structure a separate loan for him. BAML increased his line to keep the entire position in house.
Confidential
CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e)
DB-SDNY-0088862
CONFIDENTIAL
SDNY_GM_00235046
EFTA01386926
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