There, he spent the last 12 years in credit sales covering Northern European across the UK, Netherlands and Nordic region. 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. Prior to UBS she held similar positions at Deutsche Bank, Bank of America Merrill Lynch, and The Royal Bank of Scotland. The process is automated through our Abbie bot, a virtual portfolio assistant, which can quickly optimise these portfolios, helping traders to price them and transfer the risk. Alastair holds a first class degree in Chinese from Oxford University. Business Transformation looks to evolve and scale our business, leveraging digital and data, to drive top-line growth and improve profitability. AllianceBernstein Holding L.P. (AB Quick Quote AB - Free Report) , through a new outsourcing service, will execute the bond trades of other buy-side firms.The move was announced by James Switzer . Bank Services About AllianceBernstein At AB, we're fully invested in being a firm that clients can trust to deliver better outcomes. This department is responsible for all legal, regulatory and corresponding compliance matters affecting our firm and the business we conduct throughout the world. Find the latest on everything happening at AB, from breaking news to regulatory filings. Stephen joined Autonomous in September 2019. Total, the firm now has a staff of 10 involved in the trading function, down from 14. 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. By clicking OK you are giving consent for us to set cookies. Ronan joined Bernstein Autonomous in 2021 and covers companies in the consumer retail sectors. Prior to joining Autonomous, Rachel spent 10 years at Citi as a research assistant working with the insurance team which would go on to co-found Autonomous. . Prior to joining Merrill Lynch, she spent two years as at Fox-Pitt, Kelton, where she also covered Central and Eastern European banks. 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. 17, 2022 at 6:29 a.m. LIBOR 3M + Spread. Autonomous has more than 30 publishing analysts covering more than 240 stocks across banks, insurers, diversified financials and fintech stocks. 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. JS: The growing size and presence of ETFs has created an arb-able event. Prior to that he was in Asian regional equity sales for four years with CIMB and RBS. Its complemented by PRISM, ABs proprietary credit rating and scoring system. The Sell-Side refers to firms that issue, sell, or trade securities, and includes investment banks, advisory firms, and corporations. 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. [24] It is now administered by Ascensus College Savings. We do not take positions to ensure full independence of our research offering and use our distribution networks globally. We offer in depth research and analysis, consistently leading the debate on key themes for stocks and markets. Brian started his career as a consultant at Oliver Wyman, and holds a BSE in Operations Research and Financial Engineering from Princeton University. This might drive the stock higher in the near term. 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. She is an elected member of the US Conference of Business Economists. . Ian joined Autonomous in 2016 to cover UK banks and speciality financials. EAN: 8436563181948. Leona joined Autonomous in 2012 and works on European banks strategy. AllianceBernstein says strategy exacerbates market fragility and worsens sell-offs. 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. We seek to marry the big picture macro and thematic trends with bottom up stock picking we are not a think tank. He started his career covering German automotive suppliers at LBBW in 2006. 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. Contact Shareholder Services Representative at 1-800-221-5672. 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. Christian is a CFA charterholder and holds a double degree (BBA) from DHBW Karlsruhe and the UKs Open University. Revenue: $1 to $5 billion (USD) Competitors: Unknown. [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. [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. Excellence in investment research and trading is the core of our sell-side research units business. Gabor holds a Finance degree from the Corvinus University of Budapest and he is a CFA charterholder. Stefan joined Autonomous in July 2012 and covers Swiss and French banks. She graduated with a first class degree from the University of Exeter in Economics, French and Spanish and received Deans commendation for academic excellence. It's dedicated to institutional investment-management services, private client administration, fund services, brokerage operations and change agents. Oliver joined Autonomous in 2019, having previously worked on the European Insurance team at Bernstein since 2015. Rachel joined the team after two years working as European Financials Specialist Sales at Deutsche Bank. Our team is organized across the following Centers of Excellence: Analytics, Benefits, Diversity & Inclusion, Employee Relations, Human Capital Administration, Organizational Development, Recruiting, and Talent Development. He held this post for five years, leading a team of five analysts. Before investing in any AllianceBernstein Fund, you should carefully consider the Fund's investment objectives, risks, charges and expenses. Our quantitative risk-and-return models and asset-allocation research also help us craft effective customized and packaged investment solutions for individuals and institutional investors of various types. 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. 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. 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. It has approximately US$779 billion in assets under management as of 31 December 2021. 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. Our clients' interests must always come first. Yundi has an MS in Finance from Goldey-Beacom College and an MPA from University of Baltimore. Greg graduated from the University of Notre Dame with a BA in finance and he holds the Chartered Financial Analyst designation. Patrick joined Autonomous in 2012 from Bank of America Merrill Lynch, where he spent nine years covering broker-dealers and alternative asset managers. Business Development is a conduit to the firms investment teams and supports our clients and internal business partners through investment-platform and product content, messaging, competitive analysis, and education. 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. AllianceBernstein provides industry-leading research and investment solutions through a combination of innovation, intellectual curiosity and relentless ingenuity. AllianceBernstein will relocate about 1,050 jobs beginning later this year, according to an SEC filing. Some quantitative tools help our fundamental analysts improve their forecast accuracy. 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. We believe this is unsustainable,' he said. The Trading team connects our institutional-buyer clients with sellers of equities, enabling more efficient trading and providing best execution with minimal market impact. Prior to that, she worked at CLSA for 6.5 years, mainly covering China banks/non-bank financials. She has created new processes for streamlining the client experience, managing customer data and tracking product performance. AllianceBernstein's headquarters are located in Nashville, Tennessee; the firm also has locations throughout the world. (Whalen was also featured in a cover story when he ran trading at Lehman.) Rather than telling us what theyre trying to get done, they ask us what were trying to get done. He received his Bachelor of Arts with a major in Economics from Middlebury College and is a CFA charterholder. JS: Without a doubt, the single biggest waste of time for a trader on the fixed income desk is the new issuance process. Steigerwald joined in May 2008 as a sector trader, after spending most of his career at Deutsche Bank and its predecessor BT Alex. 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) The quality of our network informs and enriches our research product and ideas. . Brown. Erik has a BA in Business Economics from Brown University and is a CFA charterholder. Farquhar holds a MA Honours degree in Economics from Cambridge University. What unites a global investment and research firm? Autonomous Research aims to be the leading research provider on financial companies globally. Contact 501 Commerce Street Nashville, TN, 37203 www.alliancebernstein.com Sector. Analysts project a profit of 46 cents a share, a rise . Christian has been recognised as II rising star on several occasions. Our commitment to knowing more has led us to build one of the broadest buy-side research footprints in the asset-management industry. He earned a BA in History from the University of Chicago and an MBA from NYU. Others help our portfolio managers to construct better portfolios. In 2019 we combined with Bernstein which allows us to broaden our depth of coverage and services, Bernstein AutonomousLLP60 London Wall, London EC2M 5SH, Sanford C. Bernstein & Co., LLC1345 Avenue of the AmericasNew York NY 10019, Sanford C. Bernstein (Hong Kong) Limited39th Floor, One Island East, Taikoo Place18 Westlands Road, Quarry Bay, Hong Kong. Need Help? She previously held a variety of ESG and operational roles at Walmart and other companies including Alcoa, Steelcase, Deere and Cummins. AB is also trading well below its 52-week high of $57.54, as seen below. He graduated from Syracuse University with degrees in Finance and Economics and is a CFA charterholder. 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. For the full year, the company is expected to earn $2.81 per share, representing a year-over-year change of -27.76%. [22], Bernstein Wealth Management, part of AllianceBernstein, provides investment and wealth-planning services for high-net-worth clients in the Americas[23], Rhode Island's 529 savings plan, CollegeBoundfund, was managed by AllianceBernstein and featured AllianceBernstein mutual funds until 2016. OUR CULTURE Cultivating Diverse Perspectives At AB, we bring together people of many backgrounds. He has over 20 years of experience in sell-side high yield research, most recently for 12 years at Deutsche Bank. We hold ourselves to ethics which we can be proud of. 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. Corinne started her career in branch banking at NatWest on a graduate programme which soon specialised on credit and the financial sector. We are unique in offering integrated research, with no silos between equity and credit research. 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. These services include asset-allocation advice, portfolio analytics, trust and estate planning, and retirement planning. Most people think about best execution at the point of trade, but it as a more multidimensional process with many inputs. In such cases, the new heads of a sellside desk often bring in their own team of traders. The company provides investment management services worldwide to institutional, high-net-worth and retail investors. Bernstein is widely recognized as Wall Street's premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia. 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. This global team collaborates and connects in real time, anticipating risks and taking advantage of opportunities through a truly integrated platform. . 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. Sanders. He had worked with Karofsky at Deutsche. SUBSCRIBE FOR TRADERS MAGAZINE EMAIL UPDATES, BlackRock Poised for Growth in Fixed Income, Broadways Dan Romanelli Elected President ofthe Security Traders Association of Chicago, Sell-side Clearing Firms Overhaul Margin Processes in Wake of Volatility, BoA Delivers Strong Q4 Results; Well Positioned for 2023, Brokers See Challenges Ahead To Meet Sponsored Access Mandates, Carolina Security Traders Association 35th Annual Conference, Eventus Closes Record Year, Plans to Enhance Validus Platform, ON THE MOVE: LedgerEdge Makes Senior Hires; MarketAxess Promotes Chris Concannon. We need a different skill set there. Research is not simply a priority for AllianceBernstein, it is part of what defines us and distinguishes our firm. Prior to this, Farquhar worked at Morgan Stanley for six years. Bernstein Private Wealth Management Investment Services & Sell Side Equity Research We're a global investment management and research firm. Geoff joined the firm at inception in 2009, initially covering Central & Eastern European banks from London, before transferring to New York in 2014 where he covered a number of US banks moving to his current role in 2019. Prior to founding Autonomous in 2009, Stuart was the head of European banks equity research at Merrill Lynch. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. Autonomous uses BNP Paribas Security Service as our clearing partner. BNY Mellon goes live with cleared agent securities lending offering. AllianceBernstein provides investment management services to institutional (46% of assets under management), retail (38%), and private (16%) clients through products that includes mutual funds, hedge funds, and separately managed accounts. We believe that investment research is essential to delivering better outcomes for clients. "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 . Ken joined Autonomous in 2016 and has been covering the Payments and Fintech sector. [12][13], In June 2020, AllianceBernstein acquired investment management firm AnchorPath for $400 million. He is also a CFA Charterholder. Discover potential paths to advance your career at AB. Thought leaders on global financial companies. He holds a JD from Harvard Law School and a BS in Industrial & Labor Relations from Cornell University. US Capital Markets Specialty Financials Analyst. She received a BA (Hons) in European Business from Portsmouth Business School and a Diplom-Betriebswirt (FH) degree from the Fachhochschule Mnster in Germany. Sell Side Brokerage: We strive to keep our clients ahead with independent research and trusted execution. Andrew joined Autonomous in March 2022 as part of the Corporate Access team. 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. David joined Autonomous in 2019 to lead Credit Research Sales. 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. [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. Richard Fellinger joined Autonomous in 2019 and has been working in equity research since 2015. He started his career at Towers Watson, where he qualified as an actuary. Davids experience is across the credit spectrum from deeply distressed/stressed up through High Yield and Investment Grade. Equities Fixed Income Multi-Asset He worked in Credit Suisse's Investment Bank strategy department through the financial crisis before moving to research in 2010. [14], In April 2021, AllianceBernstein moved to a new headquarters in Nashville, Tennessee. As a full-service, global asset-management firm, we're always looking for ambitious, tenacious people to invigorate our different businesses with new ideas. At a council meeting Tuesday evening, Mayor J. William Reynolds . He previously worked on the US Life Insurance team. Harvard Business School. Prior to founding Autonomous in 2009, Andrew was the head of European insurance equity research at Citigroup. 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. 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