He moved back into research with Autonomous in 2020, to support our China macro output and build bottom-up Asia stock coverage. John began his career as a regulatory attorney with the Federal Reserve Bank of New York. He also covers the UK Asian banks. AllianceBernstein, a leading global investment management and research firm, and Societe Generale, a leading European bank, announced their . One school of thought is that it is hard to imagine a desk not being impacted with that many traders let go. Stephen joined Autonomous in September 2019. Organic fermented tea hasn't been the only draw top executives got $4 million in stock awards . The Sales and Trading teams work closely with the Research team to present our trusted research and trading services to clients. In addition, we have created several specialist research units, including one that examines broad trends that affect multiple industries and geographies. Type: Company - Public. Andrew Crean has been analysing UK and European insurers since 1982. Sanford C. Bernstein & Company was originally co-founded by Zalman Bernstein, Paul P. Bernstein, Shepard D. Osherow, Roger Hertog and Lewis A. Business data for AllianceBernstein Holding L.P.: This page was last edited on 26 September 2022, at 13:50. [24] It is now administered by Ascensus College Savings. [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. 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. It takes diverse expertise and skills to design, manage and support a broad span of investment solutions and market research for clients all over the world. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings. AllianceBernstein declined to comment. Equity Execution Services offered by Bernstein [click here] for more information. He is a graduate of the University of Virginia and Georgetown University. The Sell-Side refers to firms that issue, sell, or trade securities, and includes investment banks, advisory firms, and corporations. Youdish is a Chartered Accountant and holds a degree in International Business, Finance and Economics from Manchester University. What support do you need from third-party providers to augment your own initiatives? David joined from Reorg Research and prior to that spent ten years at CreditSights latterly the last five as Head of Sales - EMEA & APAC working with clients globally from both the sell-side and buy-side. The Buy Side refers to firms that purchase securities and includes investment managers, pension funds, and hedge funds. Prior to Bernstein, Kelsey worked at Deutsche Bank covering China cement and oilfield services. Copyright 2023 Tungsten Publishing. Alliancebernstein manages $721.8 billion and provides investment advisory services for 23,903 clients (1:55 advisor/client ratio). AllianceBernstein Holding L.P. is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors. Research is not simply a priority for AllianceBernstein, it is part of what defines us and distinguishes our firm. AllianceBernstein's headquarters are located in Nashville, Tennessee; the firm also has locations throughout the world. Prior to joining Autonomous, Michelle worked for more than 7 years as the HK office manager & investment administrator at a global asset management firm. It offers mutual funds, closed-end funds, managed accounts, sell-side research, institutional trading and other services. Bernstein Private Wealth Management Investment Services & Sell Side Equity Research We're a global investment management and research firm. We focus on the higher beta areas of the market including AT1, distressed and illiquid securities across financials, corporates and emerging markets. Search job openings, see if they fit - company salaries, reviews, and more posted by AllianceBernstein employees. 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. Alex has been a member of the Autonomous Team since 2019. 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. Erik has a BA in Business Economics from Brown University and is a CFA charterholder. 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. Our firm was founded in the U.S. in 1967 and in the U.K. in 1999. In 2006 and 2008, Craig was named to the Wall Street Journals Best on the Street ranking, and the Financial Times ranking in 2008 and 2013. Richard Fellinger joined Autonomous in 2019 and has been working in equity research since 2015. This diversity of thinking and perspectives helps us see things differently. Alex joined AB Bernstein in July 2014 after having spent 4 years in an IR Advisory role at Ipreo. Andrew holds a BA in modern history from Oxford University. It also requires support from the top: senior management has made it very clear we should strive for innovation and efficiency. He holds a BA in History from Brown University and a post-graduate degree in Philosophy/Religious Studies from Oxford University. Bundle Description: This item may take up to 4 days of additional processing time. Yundi joined Autonomous in 2014 and has been analysing China macro-financial developments since then. He holds a JD from Harvard Law School and a BS in Industrial & Labor Relations from Cornell University. [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. Written by investor.com. 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. Whether youre a global institution, financial advisor or high-net-worth individual, were committed to being your most valued partner. You can also access earnings and news reports as well as corporate filings. Were agnostic to the solution and are willing to listen to the syndicate desks. In the three months to the end of May, we executed around US$10 billion of portfolio trades, 25% of our high-touch volumes year to date. Industry: Investment & Asset Management. Prior to that, he spent two years in Merrill Lynch's Investment Banking analyst program. On 11/16/2022, Nike Inc traded for a price of $105.23 per share and a market cap of $164.64Bil. Prior to joining Autonomous in 2016, Brian worked in equity research at Barclays covering emerging technologies across the US and Europe. True to form, her performance at the Manhattan firm was a roller-coaster ride. AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth. She previously held a variety of ESG and operational roles at Walmart and other companies including Alcoa, Steelcase, Deere and Cummins. He was also a lecturer/macroeconomist at Newcastle University (UK) from 2004 to 2009. Only this fosters long-term relationships. Connections to our clients, our culture, one another and the communities we serve. Buy-side Q&A: Jim Switzer, AllianceBernstein. Furthermore our commitment to access and absence of conflicts supports an unrivalled offering for our clients. Financial Planning & Analysis is responsible for the annual budgeting process, long-term financial forecasts and strategic plans, and providing analytical support to our business units. Greg graduated from the University of Notre Dame with a BA in finance and he holds the Chartered Financial Analyst designation. 36162512. The Price and Consensus chart displays the company's stock price along with the consensus estimate. The city of Bethlehem is not backing down on its bid to buy three churches and a parking lot in the city, officials said Tuesday. AllianceBernsteins two top trading executives are both former sellsiders. Equities: The Sales team maintains strong relationships with institutional clientsincluding mutual funds, hedge funds, and advisors who manage pensions and endowmentsto sell our services. He previously covered European Payments & Fintech, Frontier Market Banks and US Regional Banks. Craigs coverage of the payment processing and speciality finance industries began in 2003, prior to which he covered mid-cap banks. Multi-Asset Solutions team's clients include retirement plan sponsors, insurance companies, retail investors and high-net-worth individuals. Prior to joining Autonomous, Greg was the global financials long/short equity PM at Highbridge Capital. We are excited by the new partnership with Bernstein and expect our distribution network and product expertise to continue to grow in the coming years. Open side navigation menu . Explore the paths to your success. At AllianceBernstein, research excellence is the key to realizing the firm's dual mission. He had worked with Karofsky at Deutsche. Our client base spans the globe and includes many . As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. At AB, we bring together people of many backgrounds. We seek to marry the big picture macro and thematic trends with bottom up stock picking we are not a think tank. Portfolio Management Group (PMG): 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. Its investment services cover fixed income, equities, multi-asset, and alternative investments. Before joining Autonomous in 2021, Caroline spent several years at AllianceBernstein covering US Broadlines & Hardlines Retail and brings a unique background in consumer research, business analytics, and multinational operations to her current coverage. He graduated from Syracuse University with degrees in Finance and Economics and is a CFA charterholder. Its a problem for the sell-side too and its impacting the secondary market. Bank Services Rahul joined Autonomous in 2022, and covers the FinTech sector. Technology; Cyber security; Advances in Tech; Notices and Calendars. Typical clients include Defined benefit pension plans and Defined contribution plans. [12][13], In June 2020, AllianceBernstein acquired investment management firm AnchorPath for $400 million. JS: The growing size and presence of ETFs has created an arb-able event. [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]. Innovative solutions for global clients ranging from individual investors to the worlds largest institutions. Independent, in-depth sell-side research and brokerage services for institutional investors. Multi-Asset Solutions: Prior to joining Autonomous at its launch in 2009, Corinne headed the financials fixed income research team at RBS. We hold ourselves to ethics which we can be proud of. Copyright 2022, Sanford C. Bernstein & Co., LLC, Bernstein Autonomous LLP, Sanford C. Bernstein (Hong Kong) Limited , Sanford C. Bernstein (India) Private Limited, and Sanford C. Bernstein (Singapore) Private Limited, subsidiaries of AllianceBernstein L.P. All rights reserved. "[8], AllianceBernstein and Fidelity Investments took control of supermarket Winn-Dixie's parent company during the latter's 2018 bankruptcy. Prior to that he was in Asian regional equity sales for four years with CIMB and RBS. Prior to joining Autonomous in Jan 2016, Hayley worked at CPPIB in the Fundamental Equities team. Our Administrative Services team consists of real estate and lease administration, strategic space planning, design and construction offices, facilities operations, food and office services, and corporate travel. No Reproduction Without Prior Authorizations. US asset manager warns over 'risk parity'. Other research focuses on complex asset-allocation problems, including liability-driven investment management and liquidity management. The . Ryan has a BS in Mathematical Economics from Wake Forest University and is a CFA charterholder. Prior to joining Autonomous he worked in the Financial Stability Directorate at the Bank of England, focusing on the design of the stress-testing and capital frameworks for banks. Britta started her career in investment banking in 2001, working in Citigroup's Financial Institutions Group. AllianceBernstein Holding L.P. Analyst Report: AllianceBernstein Holding L.P. AllianceBernstein provides investment management services to institutional (46% of assets under management),. Its not a matter of changing the allocation process, rather its about the securities set-up process and how we communicate orders back and forth. Prior to Autonomous, he worked in corporate event planning as well as live event streaming. In October 2000, AllianceBernstein Holdings acquired Sanford C. Bernstein. [21], Sell-side research and brokerage services are provided by wholly owned subsidiary Sanford C. Bernstein, also known as Bernstein Research. ET by Ciara Linnane AllianceBernstein says CarVal has about $14.3 bln in AUM Mar. Rachel started her career in 1994 at a small stock brokers in New York, followed by three years at Tate & Lyle supporting the FD. Where do your priorities lie in terms of optimising AllianceBernsteins fixed income trading operations? 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. Founded. Provides computing, communications, infrastructure, services, support and innovations that sustain high-quality research and diverse investment services for institutional investors, individuals and private clients. Prior to joining Bernstein in 2008, John spent four years as a senior research analyst at Bank of America Securities and six years at UBS, where he covered bank and credit card stocks. He previously worked for RBS and the Financial Services Authority. Charlene is considered one of the leading experts on shadow finance in China and on the interlinkages between Chinas monetary and fiscal policy and the countrys sprawling financial system. 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. The company also provides sell-side research and brokerage services through its Sanford Bernstein subsidiary. LIBOR 3M + Spread. Rather than telling us what theyre trying to get done, they ask us what were trying to get done. Before joining Autonomous, Leona worked in Credit Risk Management in Deutsche Bank. Whalen has headed trading since May 2009, and Karofsky joined in March of this year. Corinne started her career in branch banking at NatWest on a graduate programme which soon specialised on credit and the financial sector. Learn more on AB's analyst rating history. Before joining CIMB, he worked for UOB Kay Hian between 2009 and 2014, as head of China economic research. Alliance, a mutual fund giant with $368 . Some research focuses on complex wealth-management issues for individuals involving taxation, single-stock concentration, intergenerational wealth transfer and charitable giving. We aim to be innovative and value-added for our clients, which will involve standing out from the crowd. Learn more about AllianceBernsteinour clients and how we serve them, our research and investment services, our history and our worldwide presence. These services include asset-allocation advice, portfolio analytics, trust and estate planning, and retirement planning. 'Sell-side earnings estimates had generally not come down, suggesting that market participants were not yet fully anticipating the impact of the economic storm. The 13 analysts offering price forecasts for AllianceBernstein have a median target of 43.62, with a high estimate of 64.50 and a low estimate of 28.00. David holds a BA in Economics from Yale with distinction and a MBA from Columbia Business School. 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. ET. AllianceBernstein's AbbieOptimizer is a tool that integrates credit research, pricing . It could and should have been handled two years ago. We believe this is unsustainable,' he said. The median estimate represents a 87.79 . AllianceBernstein's two top trading executives are both former sellsiders. [10][11], In 2019, AllianceBernstein partnered with Columbia University to provide training courses on sustainability and environmental sciences to its staff of investors. Our asset-management business has additional dimensions, but it is from research that all else flows. It has approximately US$498 billion in assets under management as of June 30, 2017. We continually seek alpha across asset classes to advance your success. Prior to founding Autonomous in 2009, Andrew was the head of European insurance equity research at Citigroup. Prior to joining Merrill Lynch, she spent two years as at Fox-Pitt, Kelton, where she also covered Central and Eastern European banks. Insurance. Also, Whalen has discussed getting away from sector trading at the firm, according to one knowledgeable source. Current-Year Estimate Revisions. She received a BA (Hons) in European Business from Portsmouth Business School and a Diplom-Betriebswirt (FH) degree from the Fachhochschule Mnster in Germany. Contact 501 Commerce Street Nashville, TN, 37203 www.alliancebernstein.com Sector. The group's functions include constructing portfolios, monitoring asset exposures and allocations, managing client-specific requests, tax management, monitoring pre-trade client guideline compliance, and exception resolution. Dan is a Chartered Accountant and holds a first class masters degree in Chemistry from Southampton University. Equity Leg. He holds a BA in Finance and Management from Georgetown University. Patrick Whalen, a former Lehman Brothers and Morgan Stanley pro, heads global trading, and Robert Karofsky, a former Deutsche Bank and Morgan Stanley exec, runs global equity trading. Our research analysts evaluate a company's competitive position and probe market opportunities, developing an unbiased, in-depth perspective. 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. Alastair holds a first class degree in Chinese from Oxford University. She is an elected member of the US Conference of Business Economists. Based on the current quarter's distribution, it yields a robust 9%. Before joining Autonomous in 2009, Farquhar covered the Benelux, Swiss and Nordic insurers at Fox-Pitt, Kelton for two years. The quality of our network informs and enriches our research product and ideas. Rachel joined the team after two years working as European Financials Specialist Sales at Deutsche Bank. We do not take positions to ensure full independence of our research offering and use our distribution networks globally. 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. Prior to joining Autonomous, Stefan covered Swiss, German, Austrian and French banks for twelve years at Dresdner Kleinwort, UniCredit and RBS. Chris joined Autonomous in February 2022 and has spent over 20 years focused on the insurance sector across M&A, Equity Research and Equity Sales functions. 20"E"""E. Fan Zhang is a senior China macro-financial research analyst. But several sources said they had never before seen a buyside trading desk take a divot that deep in one shot, losing four tradersnearly half the tradersthere. Christopher, who spent about 20 years at AllianceBernstein, traded energy, chemicals and health care. document.write(new Date().getFullYear()); AllianceBernstein L.P. He headed trading from 2006 to 2009. We embrace innovation to address increasingly complex investing challenges. Alliancebernstein Review. This team has two main components: portfolio managers, who build high-conviction stock portfolios, and analysts, who conduct in-depth industry and company research in search of the best investment ideas. Dan joined Autonomous in 2019 and covers banks credit. This cohesiveness fosters collaboration and empowers us to pursue a common goaldelivering better outcomes. We too need experienced traders that are skilled in risk taking and alpha generation, but a large amount of our day-to-day activity can be smart order routed and traded low-touch. [17], Columbia University partnered with AllianceBernstein in 2021 . Michelle joined Autonomous in 2014 as the Hong Kong office manager and has been a member of the Data Administration Team since January 2021. 17, 2022 at 6:29 a.m. Find the latest on everything happening at AB, from breaking news to regulatory filings. AllianceBernstein traces its origins back to the founding of Sanford C. Bernstein in 1967 as an investment-management firm for private clients. It had approximately US$800 billion assets under management as of the end of 2007. Kelsey Zhu is the lead Analyst covering Financial Information Technology companies. Leona joined Autonomous in 2012 and works on European banks strategy. Operations: He received his BA in Finance from College of Charleston. The trade had a 0.25% impact on the equity portfolio. 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. AllianceBernstein Revenue $4.4 B FY, 2021 Market Capitalization $3.9 B 2022-12-13 Company summary Overview AllianceBernstein is a corporation that provides diversified investment management, research, and related services. This might drive the stock higher in the near term. Christian is a CFA charterholder and holds a double degree (BBA) from DHBW Karlsruhe and the UKs Open University. Patrick Whalen, a former Lehman Brothers and Morgan Stanley pro, heads global trading, and Robert Karofsky, a former Deutsche Bank and Morgan Stanley exec, runs global equity trading. Report this profile Report Report. Automation in primary issuance has lagged the secondary markets. AllianceBernstein Holding L.P. AB, through a new outsourcing service, will execute the bond trades of other buy-side firms. How is the rise of passive investment vehicles changing the fixed income market? Prior to joining Autonomous David was a Senior Associate at Lexington Partners, a private equity secondaries firm. In PRISM, analysts develop and share views on issuers fundamentalsincluding ESGin a consistent, comparable and quantifiable way across industries, ratings categories and geographies. David joined Autonomous in 2019 to lead Credit Research Sales. 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. Artist: Leonard Bernstein. Internally, our focus is on systemisation of our investment process. Back Submit. Sell side; Market Data; Tech. AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding"), a leading research and global investment firm, announced it will acquire CarVal Investors L.P. ("CarVal"). He held this post for five years, leading a team of five analysts. . [9], AllianceBernstein also have announced the move of their global headquarters and csuite from New York City to Nashville, while also having an office remaining in Midtown in New York City. 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. Based on all this, we consider the possible strategies to engage liquidity, remembering of course that the best way to generate alpha is to be a liquidity provider. [26], AllianceBernstein is 64 percent owned by Equitable Holdings. Compared to the pre-crisis environment, today we no longer have sell-side prop desks, dealer inventory is substantially reduced, and hedge funds use less leverage. 17, 2022 at. He holds a BSc in Economics from the LSE and a Masters in Finance from LBS. Prior to joining Autonomous Brian spent over a decade as banks analyst at Goldman Sachs and Nomura, with a broad range of coverage spanning over 30 stocks across Regional, Large-Cap & Trust Banks as well as Consumer Finance. Rory is well versed in many aspects of the equity research business, having spent several years at Bernstein working first in research marketing and then as a sales assistant on the hedge fund desk. Prior to joining Autonomous, Ryan was the US Property & Casualty Insurance analyst at Credit Suisse. Autonomous offers a credit execution service on a matched principal basis. Weve been amassing historical and point-in-time data through our ALFA market liquidity surveillance tool over the last five years. Ian joined Autonomous in 2016 to cover UK banks and speciality financials. Oliver joined Autonomous in 2019, having previously worked on the European Insurance team at Bernstein since 2015. When I first talked to our equity guys, I learned about dark pools, all-to-all trading and direct connectivity, but I also heard about illiquidity and fragmentation, which are not words I expected to hear from an equities trader. Other sellside execs who have gone to large buyside shops include Brian Conroy at Fidelity Investments and Michael Gitlin at T. Rowe Price. Equities Fixed Income Multi-Asset Autonomous uses BNP Paribas Security Service as our clearing partner. This group ensures a smooth portfolio implementation process, from early planning stages to product launch. Comparing this to the industry average of 0.35, it can be said . He is also a CFA Charterholder. 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. [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. Business Transformation looks to evolve and scale our business, leveraging digital and data, to drive top-line growth and improve profitability. BNY Mellon goes live with cleared agent securities lending offering. Brian co-founded the Autonomous Research US business in 2012 and has since covered all aspects of the banking sector, currently leading coverage of US Regional Banks.