AllianceBernstein
 | |
| Company type | Publicly traded partnership (NYSE: AB) |
|---|---|
| Industry | Asset Management |
| Founded | 1967[1] |
| Headquarters | New York City, NY, USA |
Key people | Peter S. Kraus, Chairman & CEO David A. Steyn, Chief Operating Officer |
| Products | Equities, Fixed Income, Index Funds, Alternative Investments, Independent Investment Research, Trading and Brokerage-Related Services |
Number of employees | Approx. 4,400 |
| Parent | AXA Group |
| Website | www.alliancebernstein.com |
Overview
AllianceBernstein LP (NYSE: AB) is a US-based, global asset management firm. Alliance Bernstein has approximately $466 billion in assets under management as of May 31st, 2010 [2].
AllianceBernstein provides solution-based diversified investment management services worldwide to institutional, high-net-worth and retail individuals. AllianceBernstein’s investment services encompass value and growth equities, blend strategies,fixed income, alternatives and asset allocation. AllianceBernstein also provides independent investment research, trading and brokerage-related services to institutional clients through Sanford C. Bernstein & Co.LLC and its London-based affiliate.
History
AllianceBernstein traces its origins back more than 40 years. Sanford C. Bernstein was founded in 1967 as an investment-management firm for private clients. 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. In October 2000, Alliance Capital acquired Sanford C. Bernstein to form Alliance Bernstein [3]
Scope of Clients
AllianceBernstein serves several distinct groups of clients. They include private, institutional and retail clients. AllianceBernstein’s institutional clients consist of foundations & charities, sovereign wealth funds & central banks, financial services firms and insurance companies. AllianceBernstein’s sell-side research unit, Sanford C. Bernstein & Co. LLC., serves investment managers and investment consultants who use Bernstein’s research, quantitative strategies and tools, portfolio strategies and equity-trading execution.
AllianceBernstein’s asset management business spans the US, Europe, Asia, the Pacific Rim and the Americas [4]
Executive Officers
Peter S. Kraus: Chairman of the Board of Directors and Chief Executive Officer
David Steyn: Chief Operating Officer
Laurence E. Cranch: General Counsel
James Gingrich: Chairman and Chief Executive Officer,Sanford C. Bernstein, LLC
John B. Howard: Chief Financial Officer
Lori Massad: Head of Human Capital and Chief Talent Officer [5]
Company news
October 2000 – Alliance Capital acquires Sanford C. Bernstein [6]
December 2003 – Alliance Capital Management Will Pay Record $250 Million and Make Significant Governance and Compliance Reforms To Settle SEC Charges [7]
February 2006 – Alliance Capital renamed to AllianceBernstein[8]
March 2007 – AllianceBernstein named #1 on Forbes' list of the 10 Most Trustworthy US Companies[9]
September 2008 – AllianceBernstein down 75%, looks to rebound [10]
December 2008 – Lewis A. Sanders announces his retirement and Peter Kraus is named as new CEO of AllianceBernstein [11]
April 2009 – The US Treasury names AllianceBernstein as one of the three asset managers to help value and manage the TARP assets [12]
July 2009 – Sanford C. Bernstein is named #1 in every metric by Greenwich Associates[13]
2009 – AllianceBernstein launches Dynamic Asset Allocation tool set
May 2010 – AllianceBernstein launches a suite of new websites [14]
June 2010 – AllianceBernstein is selected to Manage Dynamic Asset Allocation Portfolio for Transamerica Variable Annuity Products [15]
See also
References
- ^ https://www.alliancebernstein.com/abcom/Our_Firm/About_Us/Our_History.htm
- ^ http://newsblaze.com/story/2010061008110200001.pnw/topstory.html
- ^ https://www.alliancebernstein.com/abcom/Our_Firm/About_Us/Our_History.htm
- ^ https://www.alliancebernstein.com/abcom/Our_Firm/About_Us/Our_History.htm
- ^ https://www.alliancebernstein.com/abcom/our_firm/mgt_gov/executive_officers.htm
- ^ http://www.marketwatch.com/story/alliance-buys-sanford-bernstein-for-35-billion
- ^ http://www.sec.gov/news/press/2003-176.htm
- ^ http://www.thefreelibrary.com/Alliance+Capital+Management+Holding+L.P.+Announces+Fourth+Quarter...-a0141266064
- ^ http://www.forbes.com/2007/03/26/companies-accounting-governance-leadcx_pm_0327trusty_slide_2.html?thisSpeed=15000
- ^ http://www.smartmoney.com/investing/stocks/alliance-agonistes/
- ^ http://newsblaze.com/story/2008122201030200001.pnw/topstory.html
- ^ http://bailoutsleuth.com/09/04/232/treasury-hires-three-more-investmentfirms-for-tarp-advice/
- ^ http://www.greenwich.com/WMA/in_the_news/news_details/1,1637,1837,00.html?vgnvisitor=eKOVl6CMopg=
- ^ http://www.prnewswire.com/news-releases/alliancebernstein-launches-suite-ofnew-websites-94249234.html
- ^ http://www.worldmarketmedia.com/1876/section.aspx/1683452/alliancebernstein-selected-to-manage-dynamic-asset-allocation-portfolio-for-transamericavariable-annuity-products
- Yahoo! - Alliance Bernstein Holding LP Company Profile
- http://online.barrons.com/article/SB119950546752269751.html?mod=yahoobarrons&ru=yahoo
- http://www.forbes.com/home/leadership/2007/03/26/companies-accounting-governance-lead-cx_pm_0327trustyintro.html
- http://www.alliancebernstein.com/CMSObjectPortal/PDF/InvRel/Researchinnovation_KnowingMore_LAS.pdf