We are unique in offering integrated research, with no silos between equity and credit research. He began his career at Neuberger Berman as a portfolio analyst before moving to the sell-side in 1999. AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $646 billion during December. Back Submit. AllianceBernsteins two top trading executives are both former sellsiders. ALLIANCEBERNSTEIN L.P. reduced their investment in NYSE:NKE by 5,318,582 shares. At AllianceBernstein Holdings we provide capital efficient investment vehicles to our longstanding institutional insurance investors and we deploy our own capital into the insurance sector through direct equity investments, reinsurance arrangements and hybrid solutions. Ed graduated from Nottingham University in 1998 with a degree in History, joining the graduate training program at HSBC / James Capel the same year. Ryan has a BS in Mathematical Economics from Wake Forest University and is a CFA charterholder. 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. He has a BS degree in Hospitality Management from Widener University. 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. Operations:
He started his career covering German automotive suppliers at LBBW in 2006. Other sellside execs who have gone to large buyside shops include Brian Conroy at Fidelity Investments and Michael Gitlin at T. Rowe Price. password. Research is not simply a priority for AllianceBernstein, it is part of what defines us and distinguishes our firm. Hayley graduated with honors from the University of Chester with a degree in Biological Sciences. 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 average twelve-month price prediction for AllianceBernstein is $40.25 with a high price target of $45.00 and a low price target of $30.00. [10][11] AllianceBernstein has offices in 46 locations across 22 countries. AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth. Fixed Income:
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 is also a CFA Charterholder. He previously covered European Payments & Fintech, Frontier Market Banks and US Regional Banks. Stefan joined Autonomous in July 2012 and covers Swiss and French banks. [21], Sell-side research and brokerage services are provided by wholly owned subsidiary Sanford C. Bernstein, also known as Bernstein Research. AllianceBernstein L.P., A global asset management company, based in New York, USA, is a subsidiary company of a famous French insurance company, AXA. In such cases, the new heads of a sellside desk often bring in their own team of traders. It's dedicated to institutional investment-management services, private client administration, fund services, brokerage operations and change agents. Knight, a vice president, joined the firm in 2000 from Syracuse University, according to LinkedIn. He moved back into research with Autonomous in 2020, to support our China macro output and build bottom-up Asia stock coverage. Before joining CPPIB Hayley worked at Nomura for five years in the Fixed Income FX Business Management Team. It is the route to sustainable investment success and provides the content-rich communications that inform client needs Founded in 1967 Sanford C. Bernstein Alliance Capital Management On 11/16/2022, Nike Inc traded for a price of $105.23 per share and a market cap of $164.64Bil. Stuart holds an MA in modern history from Cambridge University. Whalen has headed trading since May 2009, and Karofsky joined in March of this year. 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. Prior to that he was in Asian regional equity sales for four years with CIMB and RBS. The Price and Consensus chart displays the company's stock price along with the consensus estimate. AllianceBernstein is a research-driven Asset Management firm that is global in scope and client-centered in its mission. Others help our portfolio managers to construct better portfolios. 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. 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. He holds a BA in History from Brown University and a post-graduate degree in Philosophy/Religious Studies from Oxford University. 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. We believe this is unsustainable,' he said. 'Sell-side earnings estimates had generally not come down, suggesting that market participants were not yet fully anticipating the impact of the economic storm. Institutional Investor recognized him as a Rising Star for US Insurance/Nonlife in 2015 and 2017. 20"E"""E. Prior to joining Autonomous, Greg was the global financials long/short equity PM at Highbridge Capital. 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. Human Capital:
CarVal is a leading global private alternatives investment manager with approximately $14.3 billion in assets under management ("AUM") (1 . Rachel has been with Autonomous since the companys beginnings in 2009, initially as office manager before moving to corporate access full time. Christian is a CFA charterholder and holds a double degree (BBA) from DHBW Karlsruhe and the UKs Open University. Using our bot, Abbie, were in beta testing with a number of sell-side firms to enable bot-to-bot smart order routing, where the trade is sent to the sell-side firm and is automatically routed either to an algo or for risk pricing based in the information Abbie sends with the trade. 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. Oliver joined Autonomous in 2019, having previously worked on the European Insurance team at Bernstein since 2015. Explore the paths to your success. Chris joined Autonomous in 2011 and covers UK and Irish banks. He holds a BSc in Economics from the LSE and a Masters in Finance from LBS. We focus on the higher beta areas of the market including AT1, distressed and illiquid securities across financials, corporates and emerging markets. Prior to Lexington Partners, David was an Investment Banking Associate at Bank of America Merrill Lynch in the Financial Institutions Group, where he primarily worked with clients in the banks, specialty finance, and financial technology sectors. Earlier in his career, he was a consultant with Orion Consultants, advising the capital markets arms of investment banks. 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. Christian joined Bernstein Autonomous in 2021 with a focus on high yield bond issuers from various industrial sectors. It has approximately US$498 billion in assets under management as of June 30, 2017. We use cookies on this site to enhance your user experience. Internally, our focus is on systemisation of our investment process. Dan is a Chartered Accountant and holds a first class masters degree in Chemistry from Southampton University. AllianceBernstein to acquire CarVal Investors for upfront $750 million Mar. AB Bernstein: Sell Side Brokerage: We strive to keep our clients ahead with independent research and trusted execution. Whalen is joined by a large list of sellside heavyweights who have moved to the buyside in recent yearsmostly from the bulge bracket. Autonomous offers a credit execution service on a matched principal basis. Most people think about best execution at the point of trade, but it as a more multidimensional process with many inputs. Investment research is an important part of our proud past, and will be a key source of our continued growth in the future. 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. As a global investment firm, we foster diverse perspectives and embrace innovation to help our clients navigate the uncertainty of capital markets. She has served as manager on a variety of operations-related projects. 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). 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. Prior to joining the company in Aug 2017, he was a senior China economist in both RHB and CIMB, covering economics, fixed income and local rates in Greater China between 2014 and 2017. Prior to transferring to Autonomous Research, Christian covered US capital markets at Bernstein since 2017. Discover potential paths to advance your career at AB. He headed trading from 2006 to 2009. US Capital Markets Specialty Financials Analyst. Gabor holds a Finance degree from the Corvinus University of Budapest and he is a CFA charterholder. Automation in primary issuance has lagged the secondary markets. Multi-Asset Solutions:
He has been analysing and investing in Global Financials for close to 20 years, with his experience split equally both between the buy and the sell-side and also between developed and emerging markets. This might drive the stock higher in the near term. Before joining Merrill Lynch in 2002, Stuart worked at JPMorgan and HSBC (both in banks equity research). AllianceBernstein Holdings's growth equity and corporate fixed-income investing, and its family of retail mutual funds, accompanied Bernstein's value equity and tax-exempt . [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. Before joining Autonomous, Dan spent seven years with Barclays, in their Treasury department working in finance and capital markets execution. She has created new processes for streamlining the client experience, managing customer data and tracking product performance. Alliancebernstein manages $721.8 billion and provides investment advisory services for 23,903 clients (1:55 advisor/client ratio). 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. Bernstein Research Independent, in-depth sell-side research and brokerage services for institutional investors. AllianceBernstein traces its origins back to the founding of Sanford C. Bernstein in 1967 as an investment-management firm for private clients. 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. Contact Shareholder Services Representative at 1-800-221-5672. He started his career at Towers Watson, where he qualified as an actuary. This market was still fairly sketchy only a couple of years ago, but were now able to transact in it very consistently today. We deliver our exclusive insights through a variety of research reports, including our renowned black books. The Sales team maintains strong relationships with institutional clientsincluding mutual funds, hedge funds, and advisors who manage pensions and endowmentsto sell our services. Prior to founding Autonomous in 2009, Stuart was the head of European banks equity research at Merrill Lynch. Corinne started her career in branch banking at NatWest on a graduate programme which soon specialised on credit and the financial sector. 2 AllianceBernstein Sell Side Equity Analyst jobs. Analysts project a profit of 46 cents a share, a rise . Before Merrill Lynch, Ed also worked for successful banks teams at Credit Suisse and JP Morgan. "AllianceBernstein reached the limit of where they could sell their research, but they needed equities capital markets to turbo charge it," said a senior SocGen . We embrace innovation to address increasingly complex investing challenges. Where do your priorities lie in terms of optimising AllianceBernsteins fixed income trading operations? Equities Fixed Income Multi-Asset 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. Ian joined Autonomous in 2016 to cover UK banks and speciality financials. Our large teams of quantitative analysts develop tools to increase the likelihood of client success. [15][16] In September 2021, AllianceBernstein gave a $100,000 gift to the Nashville-based Martha O'Bryan Center. Typical clients include Defined benefit pension plans and Defined contribution plans. Contact 501 Commerce Street Nashville, TN, 37203 www.alliancebernstein.com Sector. January 12, 2023. Innovative solutions for global clients ranging from individual investors to the worlds largest institutions. Rachel joined the team after two years working as European Financials Specialist Sales at Deutsche Bank. Prior to this, Andreas worked in the banks team Merrill Lynch, which he joined as a graduate in early 2008. 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. Our portfolio managers take all of these research inputs into account when selecting securities, constructing portfolios and providing investment advice. But make no mistake about it: we need a solution. Oliver is a CFA charterholder and holds an MA in Physics from Oxford University. 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) AllianceBernstein and Societe Generale to partner on cash equities push The new joint venture will combine Bernstein Research Services with Societe Generale's equity research and execution capabilities to form a global cash equities and equity research business By Laurie McAughtry Its a problem for the sell-side too and its impacting the secondary market. The subject matter division of labor for the Legal & Compliance department's practice groups is currently as follows: AB Bernstein:
. Before joining CIMB, he worked for UOB Kay Hian between 2009 and 2014, as head of China economic research. There, he spent the last 12 years in credit sales covering Northern European across the UK, Netherlands and Nordic region. [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. Britta joined Autonomous in 2009 after having worked in the equity research team at Merrill Lynch, covering German and Benelux banks. 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. He holds a BA in Finance and Management from Georgetown University. 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. Ryan joined Autonomous in 2018 and has been covering the US Insurance sector since 2012. 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. The group combines macro and quantitative research insights to construct innovative investment products and drive investment decisions. Only this fosters long-term relationships. China Macrofinancial and Asian Banks, Senior Analyst. Equity Leg. Bernstein. Equities:
JS: One of the most important things we need is a utility to connect fixed income market participants and trading platforms. 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. Sell-Side firms have far more opportunities for aspiring analysts than Buy-Side firms . The earnings landscape looks eerily complacent at the start of the third quarter, said Chris Hogbin, head of equities at AllianceBernstein. I dont think any asset manager wants to maintain 10-20 APIs to connect to their main sell-side counterparts, nor do dealers want to maintain different APIs to their 100 best clients. Ever since the crisis, there has been speculation about the potential role of alternative liquidity providers. 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. We like to say that investment research is in our DNA. Davids experience is across the credit spectrum from deeply distressed/stressed up through High Yield and Investment Grade. Greater New York City Area . To be successful, we foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. Thought leaders on global financial companies. Before Autonomous, Kelsey led the expansion of Bernsteins Global Gaming team. Pooma joined Autonomous in 2019, after almost a decade of building and leading a global macro think tank focused on central banks, sovereign funds and public pension plans. He began his career at the Federal Reserve Bank of Atlanta in their supervision and regulation department. . 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