[12][13], In June 2020, AllianceBernstein acquired investment management firm AnchorPath for $400 million. Marketing promotes the firm and its services by creating, packaging and distributing content and messaging to engage diverse audiences through digital platforms and initiatives, strategic campaigns, and events. Treasury is responsible for managing the firm's funding and liquidity, cash management, foreign exchange, and relations with rating agencies and banks. Before joining Autonomous, Leona worked in Credit Risk Management in Deutsche Bank. 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. Andrew holds a BA in modern history from Oxford University. Total, the firm now has a staff of 10 involved in the trading function, down from 14. He started his career at Towers Watson, where he qualified as an actuary. 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. [4] Alliance Capital's growth equity and corporate fixed-income investing, and its family of retail mutual funds, accompanied Bernstein's value equity and tax-exempt fixed-income management and its private-client business. Independent, in-depth sell-side research and brokerage services for institutional investors. We like to say that investment research is in our DNA. Research is not simply a priority for AllianceBernstein, it is part of what defines us and distinguishes our firm. We aim to be innovative and value-added for our clients, which will involve standing out from the crowd. Apparently AllianceBernstein liked what it saw, because when Gertsen left to head trading at Viking Global Investors, it hired another sellside exec in Whalen. Insurance. The Trading team connects our institutional-buyer clients with sellers of equities, enabling more efficient trading and providing best execution with minimal market impact. Wall Street is optimistic about AllianceBernstein Holding LP, which is slated to report its first quarter results on Thursday, April 30, 2015. Equities: About AllianceBernstein At AB, we're fully invested in being a firm that clients can trust to deliver better outcomes. [19], AllianceBernstein provides investment services for institutions. Ian has a first class degree in Politics and Economics from the University of Sheffield. He previously worked for RBS and the Financial Services Authority. . Excellence in investment research and trading is the core of our sell-side research unit's business. AllianceBernstein's two top trading executives are both former sellsiders. Several have been chronicled in Traders Magazine, including Gertsen at AllianceBernstein, Ray Tierney at Morgan Stanley Investment Management and Rob Arancio at Neuberger Berman. Money manager AllianceBernstein let four equity traders go in New York last Tuesday, in a move industry observers say is unprecedented on the buyside, but standard operating procedure in the brokerage world. Jim Switzer, senior vice president and global head of fixed income trading at AllianceBernstein, talks to The TRADE about the firm's approach to fixed income automation and augmenting the desk's skill set. At AB, we bring together people of many backgrounds. We embrace innovation to address increasingly complex investing challenges. Prior to this, Andreas worked in the banks team Merrill Lynch, which he joined as a graduate in early 2008. He received his BA in Accounting/Finance from Canisius College and is a CFA charterholder. 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. [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. AB Bernstein: Sell Side Brokerage: We strive to keep our clients ahead with independent research and trusted execution. Prior to Autonomous, he spent three years at Capital One Financial in the Corporate Development team, leading M&A transactions and strategic partnerships. Jan spent the past five years as an equity salesperson at top-ranked Emerging EMEA investment bank, WOOD & Co. Jan draws upon his vast experience living and working in emerging markets along with first-hand knowledge of the GEM corporate universe to generate ideas. Portfolio Management Group (PMG): We believe that superior returns come from investing in people, and we support personal and professional growth by offering learning and career development programs, competitive and meaningful benefits, and wellness initiatives across the firm. JS: The growing size and presence of ETFs has created an arb-able event. Institutional Investor recognized him as a Rising Star for US life insurance in its 2013 and 2014 All-America Research surveys, and he was ranked Runner-Up in the 2016 survey. The subject matter division of labor for the Legal & Compliance department's practice groups is currently as follows: AB Bernstein: AllianceBernstein says strategy exacerbates market fragility and worsens sell-offs. We offer in depth research and analysis, consistently leading the debate on key themes for stocks and markets. In 2001, Ms. Wood joined AllianceBernstein, where she oversaw a respectable $5 billion in assets at her peak. The cutbacks only affected the New York desk. In fixed income, weve had relatively little direct regulatory intervention, but we all recognise that to compete going forward we have to be able to do things in a much more efficient manner.This article was originally published in the FILS in Philly Today magazine, produced by The TRADE, which was distributed to attendees of this years Fixed Income Leaders Summit USA conference. Kelsey joined Autonomous in 2022 with 8 years of research experience spanning across IT Hardware supply chain companies that specialized in flat panel display, display glass, PCs and industrial robotics; Asian equity strategy, and Asian and US gaming companies. The Price and Consensus chart displays the company's stock price along with the consensus estimate. 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. The group combines macro and quantitative research insights to construct innovative investment products and drive investment decisions. Sanford C. Bernstein & Company was originally co-founded by Zalman Bernstein, Paul P. Bernstein, Shepard D. Osherow, Roger Hertog and Lewis A. AllianceBernstein will relocate about 1,050 jobs beginning later this year, according to an SEC filing. Buy-side Q&A: Jim Switzer, AllianceBernstein. We are highly respected by the financial services community. AllianceBernstein (AB) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. True to form, her performance at the Manhattan firm was a roller-coaster ride. It's Not Enough", "AllianceBernstein acquires investment manager AnchorPath", "AllianceBernstein sets timetable for opening of new Fifth + Broadway headquarters", "Of Note: AllianceBernstein gifts O'Bryan Center $100K", "AllianceBernstein Forms Partnership with LSV Advisors for Firm's Private Wealth Business - SWFI", "AllianceBernstein to acquire global private alternatives manager CarVal Investors", "Rhode Island (RI) 529 College Savings Plans - Saving for College", "R.I. chooses new manager for CollegeBoundfund", "Life Insurer Equitable Is a Cheap Way to Play AllianceBernstein", https://en.wikipedia.org/w/index.php?title=AllianceBernstein&oldid=1112472493. According to the issued ratings of 4 analysts in the last year, the consensus rating for AllianceBernstein stock is Hold based on the current 4 hold ratings for AB. Andrew Crean has been analysing UK and European insurers since 1982. Contact Shareholder Services Representative at 1-800-221-5672. Rachel started her career in 1994 at a small stock brokers in New York, followed by three years at Tate & Lyle supporting the FD. An upward trend in earnings estimates -- one of the most powerful forces. 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. 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. Knight, a vice president, joined the firm in 2000 from Syracuse University, according to LinkedIn. AB is the Founding Member of the Corporate Affiliate Program at the newly launched Columbia Climate School and has partnered with Columbia Universitys Earth Institute to develop a Climate Science and Investing curriculum. Before moving to a sell-side analyst role in 2000, Stefan spent another nine years at Dresdner Bank in Germany and Canada, working in different roles in retail and corporate banking, credit risk and executive management. Bundle Description: This item may take up to 4 days of additional processing time. 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. PARIS, Nov 22 (Reuters) - Societe Generale (SOGN.PA), France's third-biggest listed bank, and U.S. investment management company Alliance Bernstein (AB.N) plan to form a joint venture focusing on global cash equities and equity research, they said on Tuesday. I believe there is a willingness on the sell-side to come up with a digitised solution. In parallel with this change from a principal-based market-making model to a riskless transfer model, the bigger change is how the sell-side engage with us as clients. 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. So when business picks up, it could be a difficult task to handle the work if the desk is short-staffed. [17], Columbia University partnered with AllianceBernstein in 2021 . Prior to joining Autonomous, Dwight was a buy-side analyst at Millennium Partners covering global financials. Prior to that, he was an equity research associate at Janney Montgomery Scott covering REITs and an equity analyst at First Eagle Investment Management's family office. Right now, AllianceBernstein has an S/TA ratio of 2.39, which means that the company gets $2.39 in sales for each dollar in assets. US Payments & FinTech Senior Research Associate. Fixed Income: Floating Leg. Also, Whalen has discussed getting away from sector trading at the firm, according to one knowledgeable source. 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. 'Sell-side earnings estimates had generally not come down, suggesting that market participants were not yet fully anticipating the impact of the economic storm. Erik joined Autonomous in 2016 and has been covering the US life insurance sector since 2005. Institutional Investor recognized him as a Rising Star for US Insurance/Nonlife in 2015 and 2017. Jim Switzer: Data aggregation is probably our number one priority right now. Craig Maurer joined Autonomous in September 2014 following nearly 8 years at CLSA Americas. Whalen has headed trading since May 2009, and Karofsky joined in March of this year. PMG also serves as the contact point with the trading desks as well as with the operations and sales teams. AB Stock Price Trend (Seeking Alpha) Sell side analysts expect a respectable 9.9% EPS growth this year (average of 4 . Prior to joining Autonomous in 2016, Brian worked in equity research at Barclays covering emerging technologies across the US and Europe. Our client base spans the globe and includes many . At a council meeting Tuesday evening, Mayor J. William Reynolds . He worked in Credit Suisse's Investment Bank strategy department through the financial crisis before moving to research in 2010. . Farquhar holds a MA Honours degree in Economics from Cambridge University. [25], AllianceBernstein's global headquarters are located in Nashville, TN at the Fifth and Broadway development, having recently moved from Midtown Manhattan in New York City. AllianceBernstein (AB) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). 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2022-11-07