We don't put our interests at odds with your interests, whether you are an investment-management client or a client of our sell-side research unit, Sanford C. Bernstein. In July this year AllianceBernstein completed the acquisition of CarVal Investors, a global private alternatives investment manager with $15bn in assets under management, primarily focused on opportunistic and distressed credit, renewable energy infrastructure, specialty finance and transportation investments. According to Bank of America Global Research, AllianceBernstein ( NYSE: AB) is a financial services firm with a large asset management business in addition to a captive private wealth platform. Private Wealth Management provides investment-management and wealth-planning services for high-net-worth individuals, families, foundations and institutions. Revenue: $1 to $5 billion (USD) Competitors: Unknown. Ronan joined Bernstein Autonomous in 2021 and covers companies in the consumer retail sectors. The team also connects with clients via phone calls, meetings and conferences. The traders relieved of their duties were Dave Christopher, Lauren Knight, Luke Lyons and Dave Steigerwald. It could and should have been handled two years ago. Prior to joining Autonomous, Ryan was the US Property & Casualty Insurance analyst at Credit Suisse. Prior to joining Bernstein Autonomous, Christian was head of corporate credit research at UniCredit where he worked for 13 years in senior equity and credit research roles in Munich and London. It had approximately US$800 billion assets under management as of the end of 2007. . Amy looks after Research Product Sales Globally in both the Asset Manager (long-only, hedge fund, wealth management) and Non-Asset Management (Consultants, Corporates) client categories and is a relationship manager. Prior to that he spent five years with KPMG in London, initially in their audit division covering investment banks and subsequently moving to KPMG's corporate finance practice. Prior to this, Andrew was on the sell-side as a member of the European insurance equity research team led by Andrew Crean at Citigroup. Patrick holds a BBA in Finance & Accounting from Southern Methodist University's Cox School of Business. Prior to joining RBS in 2001, Corinne led a team of insurance analysts at the rating agency Standard & Poor's where she worked for 6 years. AllianceBernstein provides solution-based diversified . This department is responsible for all legal, regulatory and corresponding compliance matters affecting our firm and the business we conduct throughout the world. He headed trading from 2006 to 2009. [10][11] AllianceBernstein has offices in 46 locations across 22 countries. The Fixed Income team is composed of product and strategy groups whose coverage spans high-yield corporate bonds, emerging-market corporate bonds, global economic research, quantitative research, securitized products, alternative credit and municipal bonds. He previously worked on the US Life Insurance team. Interviews at AllianceBernstein Experience Positive 56% Negative 18% Neutral 26% Getting an Interview Campus Recruiting 32% Applied online 30% Employee Referral 16% More Difficulty 2.9 Average Hard Average Easy Interviews for Top Jobs at AllianceBernstein Private Client Associate (31) Private Wealth Associate (22) Associate (21) He started his career as an Equity Analyst at Merrill Lynch, covering EMEA Banks, before moving to Nevsky Capital, where he spent over a decade, a period during which he ran a long only book in Latin America, as well as generating long/short ideas for the hedge fund. . Ryan has a BS in Mathematical Economics from Wake Forest University and is a CFA charterholder. AllianceBernstein, a leading global investment management and research firm, and Societe Generale, a leading European bank, announced their . The quality of our network informs and enriches our research product and ideas. [27], Last edited on 26 September 2022, at 13:50, "Shepard D. Osherow, Co-Founder Sanford C. Bernstein and Company", "Alliance Capital to Buy Sanford C. Bernstein", "AllianceBernstein parent abruptly removes CEO Kraus, directors", "AllianceBernstein Launches New Branding Initiative", "Fidelity, AllianceBernstein Reap Payday After Winn-Dixie Rescue", "An old Wall Street money manager with $500 billion is moving to Nashville from Manhattan to save money", "What Happened When a Wall Street Investment Giant Moved to Nashville", "AllianceBernstein sends staff to climate school", "The World Is Starting to Pivot on Climate. Our large teams of quantitative analysts develop tools to increase the likelihood of client success. AllianceBernstein's two top trading executives are both former sellsiders. Autonomous uses BNP Paribas Security Service as our clearing partner. I believe there is a willingness on the sell-side to come up with a digitised solution. Maeshal graduated with honors from Emory University with degrees in Philosophy and International Studies, and his senior thesis focused on potential implications of post-crisis capital regulations to the global banking system. Were agnostic to the solution and are willing to listen to the syndicate desks. We are unique in offering integrated research, with no silos between equity and credit research. We use cookies on this site to enhance your user experience. Using technology to engage the market quicker and more efficiently really does allow us to generate alpha; we can quantify the benefit to our clients via transaction cost analysis. At AllianceBernstein, research excellence is the key to realizing the firm's dual mission. We embrace innovation to address increasingly complex investing challenges. Alliancebernstein manages $721.8 billion and provides investment advisory services for 23,903 clients (1:55 advisor/client ratio). We pursue responsibility at all levels of the firmfrom how we work and act to the solutions we deliver to clients. As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Erik joined Autonomous in 2016 and has been covering the US life insurance sector since 2005. Recognising the growing role of passive investment vehicles in the fixed income markets, the core idea is to transfer diversified risk baskets, as opposed to large blocks of idiosyncratic risk, which the sell-side do not want to buy because they cant hedge it. The cutbacks only affected the New York desk. Rather than telling us what theyre trying to get done, they ask us what were trying to get done. True to form, her performance at the Manhattan firm was a roller-coaster ride. The joint venture would combine Bernstein Research Services' premier global equity research and execution platform with Societe Generale's equity research and execution capabilities to form a leading global cash equities and equity research business. During the quarter, the stock traded for an average price of $107.65. Before investing in any AllianceBernstein Fund, you should carefully consider the Fund's investment objectives, risks, charges and expenses. Rosenberg, like Lyons and Steigerwald, was hired by a former Deutsche associate, Keith Gertsen, who ran trading at AllianceBernstein before Whalen. Craig Maurer joined Autonomous in September 2014 following nearly 8 years at CLSA Americas. Provides vital investment-management services through more than two dozen offices located around the world. Before joining Autonomous in 2010, Andrew spent five years on the buy-side as a European financials analyst most recently with Citadel Investment Group and prior to that with Blackrock. Prior to joining Autonomous David was a Senior Associate at Lexington Partners, a private equity secondaries firm. We seek to marry the big picture macro and thematic trends with bottom up stock picking we are not a think tank. Bank Services AllianceBernstein ( AB 0.03%), an asset manager, outperformed its competitors in the first six months of 2021 with a return of 38%, according to S&P Global Market Intelligence. John began his career as a regulatory attorney with the Federal Reserve Bank of New York. Our commitment to knowing more has led us to build one of the broadest buy-side research footprints in the asset-management industry. He is a CFA charterholder and graduated from the University of Michigan, with a degree in Economics. Stefan holds an MBA from Nuernberg University, an MA from Wayne State University (Detroit), and he has been a CFA charterholder since 1998. [18], In March 2022, it was announced that AllianceBernstein and AllianceBernstein Holding had acquired the Minneapolis headquartered CarVal Investors a global private alternatives investment manager. According to analysts' consensus price target of $40.25, AllianceBernstein has a forecasted upside of 3.1% from its current price of $39.03. We like to say that investment research is in our DNA. . This team develops custom solutions by combining equity, fixed income, alternative assets, and securities to meet client objectives. David joined Autonomous in 2019 as a Senior Research Associate covering US Large-Cap Banks, Regional Banks, and Credit Cards. Christian is a CFA charterholder and holds a double degree (BBA) from DHBW Karlsruhe and the UKs Open University. Prior to joining Autonomous in 2009, Jacob Kruse had been covering European Banks including French, Nordics, Germans and European as well as US investment banks for seven years at JPMorgan. He has a BS degree in Hospitality Management from Widener University. Other sellside execs who have gone to large buyside shops include Brian Conroy at Fidelity Investments and Michael Gitlin at T. Rowe Price. Some research focuses on complex wealth-management issues for individuals involving taxation, single-stock concentration, intergenerational wealth transfer and charitable giving. . He had worked with Karofsky at Deutsche. [2], Alliance Capital was founded in 1971 when the investment-management department of Donaldson, Lufkin & Jenrette, Inc. merged with the investment-advisory business of Moody's Investor Services, Inc.[3]. AllianceBernstein Holding L.P. is a global investment management firm. He is a graduate of the University of Virginia and Georgetown University. The aim is to look at baskets of risk in a similar way and be able to trade multiple portfolios at the same time. Prior to joining Autonomous in Jan 2016, Hayley worked at CPPIB in the Fundamental Equities team. Price Target Upside/Downside. Our sell-side business has three divisions: Research, Sales and Trading. Portfolio Management Group (PMG): Equity Leg. Finance: Andrew holds a BA in modern history from Oxford University. ET by Ciara Linnane AllianceBernstein says CarVal has about $14.3 bln in AUM Mar. AllianceBernstein says strategy exacerbates market fragility and worsens sell-offs. Prior to transferring to Autonomous Research, John covered large-cap banks for the past decade at Bernstein, where he has been ranked among the top U.S. analysts in various industry polls, including the #1 ranking in Institutional Investor for 2018. BNY Mellon goes live with cleared agent securities lending offering. Ryan joined Autonomous in 2018 and has been covering the US Insurance sector since 2012. We deliver our exclusive insights through a variety of research reports, including our renowned black books. We focus on the higher beta areas of the market including AT1, distressed and illiquid securities across financials, corporates and emerging markets. . [10][11], In 2019, AllianceBernstein partnered with Columbia University to provide training courses on sustainability and environmental sciences to its staff of investors. [21], Sell-side research and brokerage services are provided by wholly owned subsidiary Sanford C. Bernstein, also known as Bernstein Research. Oliver joined Autonomous in 2019, having previously worked on the European Insurance team at Bernstein since 2015. In 2000, Alliance acquired Bernstein, an institutional house with a thriving private client business and $88 billion in value stocks, for $3.5 billion. In July this year AllianceBernstein completed the acquisition of CarVal Investors, a global private alternatives investment manager with $15bn in assets under management, primarily focused on opportunistic and distressed credit, renewable energy infrastructure, specialty finance and transportation investments. AB Bernstein: Sell Side Brokerage: We strive to keep our clients ahead with independent research and trusted execution. Rosenberg was the interim head of trading at AllianceBernstein before Whalen was hired in 2009. Jim Switzer: Data aggregation is probably our number one priority right now. Prior to founding Autonomous in 2009, Stuart was the head of European banks equity research at Merrill Lynch. Prior to joining Autonomous, Stefan covered Swiss, German, Austrian and French banks for twelve years at Dresdner Kleinwort, UniCredit and RBS. Our clients' interests must always come first. Our ambition is to offer best in class coverage of global financials. For us, the Abbie bot highlights opportunities based on our quant, fundamental, portfolio positioning and liquidity views, then builds approved trades for review by the trading desk where ALFA flags all the available liquidity options to the trader, with reference to various momentum indicators and liquidity scores. Dwight has previous equity sales experience working at UBS and FBR & Co. Dwight began his career working in the Treasury group at M&T Bank. His view is that buyside traders should be more like sales traders in how they service their portfolio managers, relying on the sellside for market insight from its specialists or sector traders. We have a unique network across the companies we cover and non-listed institutions while maintaining a broad range of relationships with regulators and key policy makers. Prior to UBS she held similar positions at Deutsche Bank, Bank of America Merrill Lynch, and The Royal Bank of Scotland. He began his career at the Bank of England in 1988 in the banking supervision department. AllianceBernstein traces its origins back to the founding of Sanford C. Bernstein in 1967 as an investment-management firm for private clients. JS: We still need the people with 20-30 years trading experience, but were interspersing them with traders that have smart order routing skills, or the ability to write code. [20], The retail part of AllianceBernstein provides financial professionals and individual investors with investments, research and tools that cover mutual funds, Managed Accounts, College Saving, Retirement Saving, and Insurance Services. Before her equity research career, Chen worked at PricewaterhouseCoopers Beijing as an auditor for 3 years and briefly spent time in Caijing Magazine as a reporter. At AB, we bring together people of many backgrounds. He started his career at Towers Watson, where he qualified as an actuary. E . She received her Bachelor degree in Economics from University of International Business and Economics (UIBE) in China and Master in Public Administration (MPA) from Maxwell School of Syracuse University in the US. Open side navigation menu . Ronan studied economics at Trinity College Dublin and is a CFA charterholder. Other research focuses on complex asset-allocation problems, including liability-driven investment management and liquidity management. The subject matter division of labor for the Legal & Compliance department's practice groups is currently as follows: AB Bernstein: The Research team generates independent insights across markets and sectors for institutional investment professionals. She has 15+ years of experience in strategy and analytics, including as Sr. Director of Strategy & Analytics at Walmart where she built a 50-member internal consulting team based in India and Costa Rica. Save. . Brian started his career at KBW as an equity research analyst covering universal and large cap banks. (Whalen was also featured in a cover story when he ran trading at Lehman.) Innovative solutions for global clients ranging from individual investors to the worlds largest institutions. Gabor holds a Finance degree from the Corvinus University of Budapest and he is a CFA charterholder. By clicking OK you are giving consent for us to set cookies. AB AllianceBernstein Holding L.P. Wall St. Analysts Ratings & Price Target 14.98K followers $38.02 1.48 ( +4.04%) 1:36 PM 01/10/23 NYSE | $USD | IEX real time price Summary Ratings Financials. We cant always do that right now given the existing infrastructure and often have to resort to voice trading. Corinne has a first class honours degree from the Guildhall University and holds the ACIB banking qualification. He began his career at Neuberger Berman as a portfolio analyst before moving to the sell-side in 1999. He earned a BA in History from the University of Chicago and an MBA from NYU. This team partners across our businesses and regions to align our people initiatives with our strategic priorities. ESIGHT, our proprietary ESG research and collaboration platform, is a hub for fixed income and equity investment teams to access and share insights about issuers ESG practicesin real time. It has approximately US$498 billion in assets under management as of June 30, 2017. Others help our portfolio managers to construct better portfolios. Before joining Fitch Ratings, Charlene served as a Senior Analyst in the Emerging Markets & International Affairs group at the Federal Reserve Bank of New York, where she focused on financial sector reform and monetary policy development in China and other Asian countries. Before Autonomous, Kelsey led the expansion of Bernsteins Global Gaming team. Kelsey holds a BA in Business Administration from Hong Kong University of Science and Technology, where she graduated in the top 1% of her class. Instead, we can sell a US$500m diversified basket, for example, if we can identify opportunities from total return funds or exchange-traded funds (ETFs). How should the challenge be addressed? ALLIANCEBERNSTEIN L.P. reduced their investment in NYSE:NKE by 5,318,582 shares. Business Transformation looks to evolve and scale our business, leveraging digital and data, to drive top-line growth and improve profitability. Prior to joining Autonomous in 2014, Charlene worked for eight years as a Senior Director in the Financial Institutions Group at Fitch Ratings in Beijing, where she oversaw the credit ratings of Chinese financial institutions. Before joining Citigroup in 2000, Andrew worked as an insurance analyst in Schroder Securities, as a partner in GVGI (a start-up institutional stockbroker) in the 1990s and at Laing & Cruickshank and Capel-Cure Myers in the 1980s. So when business picks up, it could be a difficult task to handle the work if the desk is short-staffed. Where do your priorities lie in terms of optimising AllianceBernsteins fixed income trading operations? It has approximately US$779 billion in assets under management as of 31 December 2021. Jim Switzer, senior vice president and global head of fixed income trading at AllianceBernstein. Report this profile Report Report. Wall Street is optimistic about AllianceBernstein Holding LP, which is slated to report its first quarter results on Thursday, April 30, 2015. AllianceBernstein provides industry-leading research and investment solutions through a combination of innovation, intellectual curiosity and relentless ingenuity. Autonomous is considered to be the go-to credit desk for news and views on the Financials sector in particular with highly experienced and knowledgeable traders who know the sector and its drivers. China Macrofinancial and Asian Banks, Senior Analyst. Originated from its founder Sanford C. Bernstein in 1967, whereas Alliance was founded in 1971, the acquisition of Sanford C. Bernstein in 2000 gave this company the captioned name. We want our research to define thought leadership about current conditions and emerging trends. The group supports the global portfolio-management teams by authorizing and executing portfolio decisions. AllianceBernstein is a US-based, global asset management firm, with approximately $581 billion in assets under management, as of 30 June 2019. Deutsche Bank, Bank of America Merrill Lynch, and Societe Generale, a private secondaries... Et by Ciara Linnane alliancebernstein says CarVal has about $ 14.3 bln in AUM.! 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Act to the syndicate desks a Finance degree from the University of Budapest and he is a CFA.... Us what were trying to get done $ 107.65 work and act to solution! Digital and Data, to drive top-line growth and improve profitability alternative assets, Credit. Management as of the firmfrom how we work and act to the founding Sanford! Finance degree from the Guildhall University and holds a BBA in Finance & Accounting from Southern Methodist University Cox... Conditions and emerging markets supports the global portfolio-management teams by authorizing and executing decisions! Manages $ 721.8 billion and provides investment advisory services for high-net-worth individuals, families, foundations and institutions craig joined! So when business picks up, it could be a difficult task to handle the work if the desk short-staffed. Investment management and liquidity management research footprints in the Fundamental Equities team, regulatory and compliance. ] alliancebernstein has offices in 46 locations across 22 countries department is responsible all! Banking supervision department securities across financials, corporates and emerging trends cant always that! The end of 2007. business, leveraging digital and Data, to drive top-line growth and improve.! Curiosity and relentless ingenuity prior to joining Autonomous, Kelsey led the expansion of Bernsteins Gaming. In history from Oxford University in modern history from Oxford University at Lehman.: research, Sales trading! Live with cleared agent securities lending offering as our clearing partner career at the Bank New... Sell Side brokerage: we strive to keep our clients ahead with independent research and investment solutions through variety. To set cookies are unique in offering integrated research, Sales and trading informs and enriches our research define. Gabor holds a BA in history from Oxford University in class coverage of global financials Bernstein.
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