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Apollo pulls the plug on a recruiting practice that led to JPMorgan crackdown: See the memo

One of the most prominent private equity firms is pulling back on a controversial recruiting practice that has drawn criticism from banking leaders like JPMorgan Chase CEO Jamie Dimon. Apollo, which manages $785 billion in assets, told would-be candidates for its 2027 associate class that it will not participate in recruiting for their cohort this year.The news, communicated via email, was sent by Apollo's cohead of private equity and head of human capital on Wednesday. Business Insider obtained and review ...