Before joining Autonomous, he spent six years at Concorde Securities in Budapest, where he covered CEE stocks. AllianceBernstein's move to Nashville is saving the company an estimated $80 million a year. 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"). 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. 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. To be successful, we foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. 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. She is an elected member of the US Conference of Business Economists. But now we have an arb-able opportunity, with dealers using their balance sheet to support diversified risk transfers, which offer us an important way of sourcing beta. Yundi has an MS in Finance from Goldey-Beacom College and an MPA from University of Baltimore. Equity Execution Services offered by Bernstein [click here] for more information. Rachel joined the team after two years working as European Financials Specialist Sales at Deutsche Bank. Prior to that, he spent two years in Merrill Lynch's Investment Banking analyst program. Connections to our clients, our culture, one another and the communities we serve. The Sales and Trading teams work closely with the Research team to present our trusted research and trading services to clients. Christian is a CFA charterholder and holds a double degree (BBA) from DHBW Karlsruhe and the UKs Open University. document.write(new Date().getFullYear()); AllianceBernstein L.P. Prior to founding Autonomous in 2009, Stuart was the head of European banks equity research at Merrill Lynch. In PRISM, analysts develop and share views on issuers fundamentalsincluding ESGin a consistent, comparable and quantifiable way across industries, ratings categories and geographies. She received a Bachelor of Science from Clemson University and holds a certificate in Marketing Strategy from Cornell Johnson Graduate School of Management. Research is not simply a priority for AllianceBernstein, it is part of what defines us and distinguishes our firm. John began his career as a regulatory attorney with the Federal Reserve Bank of New York. Before joining CPPIB Hayley worked at Nomura for five years in the Fixed Income FX Business Management Team. AllianceBernsteins two top trading executives are both former sellsiders. About . Both Gertsen and Tierney have since moved back to their sellside rootsGertsen to Citi and Tierney to Bloomberg Tradebook. Oliver joined Autonomous in 2019, having previously worked on the European Insurance team at Bernstein since 2015. 20"E"""E. Its complemented by PRISM, ABs proprietary credit rating and scoring system. He began his career at JP Morgan, working in both private banking and equity research. Before Merrill Lynch, Ed also worked for successful banks teams at Credit Suisse and JP Morgan. To be successful, we foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. . AllianceBernstein's AbbieOptimizer is a tool that integrates credit research, pricing . The company provides investment management services worldwide to institutional, high-net-worth and retail investors. He held this post for five years, leading a team of five analysts. such as the private wealth management business and sell-side research and trading, will . 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. 'Sell-side earnings estimates had generally not come down, suggesting that market participants were not yet fully anticipating the impact of the economic storm. AllianceBernstein. Alliancebernstein Review. AllianceBernstein (AB) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). [17], Columbia University partnered with AllianceBernstein in 2021 . Prior to joining Autonomous, Ryan was the US Property & Casualty Insurance analyst at Credit Suisse. 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. Reset your We began operations in Hong Kong in 2010, and in Mumbai in 2019, and now cover a range of sectors across Asia. The earnings landscape looks eerily complacent at the start of the third quarter, said Chris Hogbin, head of equities at AllianceBernstein. The Price and Consensus chart displays the company's stock price along with the consensus estimate. Earlier this year, Greg Rosenberg was also given his walking papers. 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. China Macrofinancial and Asian Banks, Senior Analyst. Provides vital investment-management services through more than two dozen offices located around the world. About AllianceBernstein At AB, we're fully invested in being a firm that clients can trust to deliver better outcomes. Its our job to accumulate and interpret facts to reach sound investment conclusions and expert investment advice. 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. 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. Total, the firm now has a staff of 10 involved in the trading function, down from 14. Because they have insight into the ETFs create/redeem process and can hedge their risk, the sell-side can facilitate riskless transfers, acting as intermediary between active and passive managers. Trading pros say such a firing became inevitable once money managers began a hiring spree of former sellside executives several years ago. Britta started her career in investment banking in 2001, working in Citigroup's Financial Institutions Group. He is also a CFA Charterholder. Multi-Asset Solutions team's clients include retirement plan sponsors, insurance companies, retail investors and high-net-worth individuals. Amy looks after Research Product Sales Globally in both the Asset Manager (long-only, hedge fund, wealth management) and Non-Asset Management (Consultants, Corporates) client categories and is a relationship manager. AllianceBernstein L.P., A global asset management company, based in New York, USA, is a subsidiary company of a famous French insurance company, AXA. There has been an encouraging trend in . We are mainly buy side to buy side to ensure any unfilled orders are returned in the same shape in which they were given. We hold ourselves to ethics which we can be proud of. Operations: Business data for AllianceBernstein Holding L.P.: This page was last edited on 26 September 2022, at 13:50. Craigs coverage of the payment processing and speciality finance industries began in 2003, prior to which he covered mid-cap banks. . He holds a degree in English from Cambridge University. Christian joined Bernstein Autonomous in 2021 with a focus on high yield bond issuers from various industrial sectors. Discover potential paths to advance your career at AB. She previously held a variety of ESG and operational roles at Walmart and other companies including Alcoa, Steelcase, Deere and Cummins. Bank Services What unites a global investment and research firm? True to form, her performance at the Manhattan firm was a roller-coaster ride. Roughly a dozen traders at AllianceBernstein offices in Sydney, Japan, Hong Kong and London were untouched by layoffs. [21], Sell-side research and brokerage services are provided by wholly owned subsidiary Sanford C. Bernstein, also known as Bernstein Research. Autonomous uses BNP Paribas Security Service as our clearing partner. 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. You can also access earnings and news reports as well as corporate filings. Analysts project a profit of 46 cents a share, a rise . Alliancebernstein, registered in 1999, serves 51 state (s) with a licensed staff of 436 advisors. Farquhar holds a MA Honours degree in Economics from Cambridge University. Wall Street is optimistic about AllianceBernstein Holding LP, which is slated to report its first quarter results on Thursday, April 30, 2015. Chris is a Chartered Accountant and holds a degree in Experimental Psychology from Oxford University. He began his career at Neuberger Berman as a portfolio analyst before moving to the sell-side in 1999. Artist: Leonard Bernstein. PMG also serves as the contact point with the trading desks as well as with the operations and sales teams. Prior to founding Autonomous in 2009, Ed worked at Merrill Lynch for the top ranked banks team alongside Autonomous co-founders Stuart Graham and Manus Costello. Prior to joining Autonomous, Michelle worked for more than 7 years as the HK office manager & investment administrator at a global asset management firm. Brown. Copyright 2023 Tungsten Publishing. 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. One school of thought is that it is hard to imagine a desk not being impacted with that many traders let go. Price Target Upside/Downside. Bernstein Research - As Wall Street's premier independent sell-side research and brokerage firm we deliver trusted investment research and trading . Alliancebernstein manages $721.8 billion and provides investment advisory services for 23,903 clients (1:55 advisor/client ratio). Excellence in investment research and trading is the core of our sell-side research unit's business. Apparently AllianceBernstein liked what it saw, because when Gertsen left to head trading at Viking Global Investors, it hired another sellside exec in Whalen. [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. Yundi joined Autonomous in 2014 and has been analysing China macro-financial developments since then. Greater New York City Area . We recently hit four million messages a day, in terms of data coming into the fixed income desk, all of which helps traders make faster decisions. As a full-service, global asset-management firm, we're always looking for ambitious, tenacious people to invigorate our different businesses with new ideas. The trade had a 0.25% impact on the equity portfolio. Finance: Andreas joined Autonomous at its launch in 2009. AllianceBernstein's headquarters are located in Nashville, Tennessee; the firm also has locations throughout the world. Our large teams of quantitative analysts develop tools to increase the likelihood of client success. Were digesting lots of data sources, we have multiple tools and analytics running, and we want to be able to engage the market efficiently at the point of risk transfer. He holds a JD from Harvard Law School and a BS in Industrial & Labor Relations from Cornell University. ALLIANCEBERNSTEIN L.P. reduced their investment in NYSE:NKE by 5,318,582 shares. 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. Ryan has a BS in Mathematical Economics from Wake Forest University and is a CFA charterholder. In such cases, the new heads of a sellside desk often bring in their own team of traders. 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. Discover an area of AB that may be a good fit for you. Explore the paths to your success. BNY Mellon goes live with cleared agent securities lending offering. AllianceBernstein (NYSE: AB) is an investment management firm with $643 billion in assets under management. Stephen joined Autonomous in September 2019. As of June 30, AllianceBernstein managed $461 billion in assets. He moved back into research with Autonomous in 2020, to support our China macro output and build bottom-up Asia stock coverage. AllianceBernstein Holdings 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. An upward trend in earnings estimates -- one of the most powerful forces. Our commitment to knowing more has led us to build one of the broadest buy-side research footprints in the asset-management industry. 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. Before joining Citigroup Andrew worked as a UK and European insurance analyst at Fox-Pitt Kelton. 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. Caroline has a bachelors degree in Industrial Design from Carnegie Mellon University, an MBA and MS from the University of Michigan, and is a Level III CFA candidate. 36162512. Another thing were focused upon is bot-to-bot trading. [10][11] AllianceBernstein has offices in 46 locations across 22 countries. The team also provides support to AB employees. AllianceBernstein ( AB 0.03%), an asset manager, outperformed its competitors in the first six months of 2021 with a return of 38%, according to S&P Global Market Intelligence. This cohesiveness fosters collaboration and empowers us to pursue a common goaldelivering better outcomes. By Chris Hall. It is unclear whether the pink slips were a result of declining trading volumes and assets or simply a changing of the guard. [15][16] In September 2021, AllianceBernstein gave a $100,000 gift to the Nashville-based Martha O'Bryan Center. Josh joined Autonomous in 2019 after 13 years at Citi Research. Michelle joined Autonomous in 2014 as the Hong Kong office manager and has been a member of the Data Administration Team since January 2021. The Controllers Group includes Corporate Accounting, AUM Reporting, Financial Reporting, Broker-Dealer Accounting and Reporting, International Financial Controls, Accounts Payable, and Payroll. Our ambition is to offer best in class coverage of global financials. He began his career at the Federal Reserve Bank of Atlanta in their supervision and regulation department. "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 . Before joining Autonomous, Leona worked in Credit Risk Management in Deutsche Bank. [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. 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. 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. The company also provides sell-side research and brokerage services through its Sanford Bernstein subsidiary. Whalen has headed trading since May 2009, and Karofsky joined in March of this year. He received his Bachelor of Arts with a major in Economics from Middlebury College and is a CFA charterholder. For the full year, the company is expected to earn $2.81 per share, representing a year-over-year change of -27.76%. 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. AllianceBernstein to acquire CarVal Investors for upfront $750 million Mar. [12][13], In June 2020, AllianceBernstein acquired investment management firm AnchorPath for $400 million. New Date ( ) ) ; AllianceBernstein L.P offer best in class coverage of the payment processing and finance..., Tennessee ; the firm also has locations throughout the world have since moved back to their rootsGertsen! Of Arts with a major in Economics from Wake Forest University and is a tool that Credit. Lynch, Ed also worked for successful banks teams at Credit Suisse our. 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