alliancebernstein sell side

Discover an area of AB that may be a good fit for you. AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth. 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. Some quantitative tools help our fundamental analysts improve their forecast accuracy. This cohesiveness fosters collaboration and empowers us to pursue a common goaldelivering better outcomes. Before Autonomous, Kelsey led the expansion of Bernsteins Global Gaming team. He previously worked for RBS and the Financial Services Authority. Alliancebernstein Review. Organic fermented tea hasn't been the only draw top executives got $4 million in stock awards . Bundle Description: This item may take up to 4 days of additional processing time. Sell side; Market Data; Tech. Our portfolio managers take all of these research inputs into account when selecting securities, constructing portfolios and providing investment advice. Client Group: We are mainly buy side to buy side to ensure any unfilled orders are returned in the same shape in which they were given. This team develops custom solutions by combining equity, fixed income, alternative assets, and securities to meet client objectives. Prior to joining Autonomous, Greg was the global financials long/short equity PM at Highbridge Capital. The earnings landscape looks eerily complacent at the start of the third quarter, said Chris Hogbin, head of equities at AllianceBernstein. We aim to be innovative and value-added for our clients, which will involve standing out from the crowd. Gabor holds a Finance degree from the Corvinus University of Budapest and he is a CFA charterholder. [5], On January 20, 2015, AllianceBernstein announced a new brand name ("AB") and logo. [10][11], In 2019, AllianceBernstein partnered with Columbia University to provide training courses on sustainability and environmental sciences to its staff of investors. What unites a global investment and research firm? We use cookies on this site to enhance your user experience. AllianceBernstein (AB) is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private. John began his career as a regulatory attorney with the Federal Reserve Bank of New York. Prior to joining Autonomous in Jan 2016, Hayley worked at CPPIB in the Fundamental Equities team. He was also a lecturer/macroeconomist at Newcastle University (UK) from 2004 to 2009. Britta started her career in investment banking in 2001, working in Citigroup's Financial Institutions Group. Chris joined from Barclays where he was ranked #1 in Extel, and previously worked at Morgan Stanley, Lehman Brothers/Nomura and RBC. (Whalen was also featured in a cover story when he ran trading at Lehman.) AllianceBernstein declined to comment. Trading pros say such a firing became inevitable once money managers began a hiring spree of former sellside executives several years ago. Fan holds a Master's degree in Financial Economics from Nottingham University (UK) and is taking a doctorate in Economics at Newcastle University (UK). 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. Christopher, who spent about 20 years at AllianceBernstein, traded energy, chemicals and health care. 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. 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. ALLIANCEBERNSTEIN L.P. reduced their investment in NYSE:NKE by 5,318,582 shares. It could and should have been handled two years ago. [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. Stuart holds an MA in modern history from Cambridge University. PMG also serves as the contact point with the trading desks as well as with the operations and sales teams. As of June 30, AllianceBernstein managed $461 billion in assets. Several have been chronicled in Traders Magazine, including Gertsen at AllianceBernstein, Ray Tierney at Morgan Stanley Investment Management and Rob Arancio at Neuberger Berman. For us, the Abbie bot highlights opportunities based on our quant, fundamental, portfolio positioning and liquidity views, then builds approved trades for review by the trading desk where ALFA flags all the available liquidity options to the trader, with reference to various momentum indicators and liquidity scores. Prior to founding Autonomous in 2009, Andrew was the head of European insurance equity research at Citigroup. What support do you need from third-party providers to augment your own initiatives? Other research focuses on complex asset-allocation problems, including liability-driven investment management and liquidity management. 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. Written by investor.com. Alex has been a member of the Autonomous Team since 2019. 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. He headed trading from 2006 to 2009. As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Knight, a vice president, joined the firm in 2000 from Syracuse University, according to LinkedIn. AllianceBernstein will relocate about 1,050 jobs beginning later this year, according to an SEC filing. 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. 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. Whalen has headed trading since May 2009, and Karofsky joined in March of this year. The group combines macro and quantitative research insights to construct innovative investment products and drive investment decisions. This has given us a fairly robust picture of the market, which is now informing our approach to direct connectivity, both to ATSs and the sell-side. Earlier in his career, he was a consultant with Orion Consultants, advising the capital markets arms of investment banks. Dan is a Chartered Accountant and holds a first class masters degree in Chemistry from Southampton University. 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. He holds a degree in English from Cambridge University. Sanders. 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. 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. [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. He started his career covering German automotive suppliers at LBBW in 2006. Our clients' interests must always come first. "[8], AllianceBernstein and Fidelity Investments took control of supermarket Winn-Dixie's parent company during the latter's 2018 bankruptcy. His view is that buyside traders should be more like sales traders in how they service their portfolio managers, relying on the sellside for market insight from its specialists or sector traders. For the full year, the company is expected to earn $2.81 per share, representing a year-over-year change of -27.76%. 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. 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. We need a different skill set there. AllianceBernstein (AB) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. He began his career at the Federal Reserve Bank of Atlanta in their supervision and regulation department. We began operations in Hong Kong in 2010, and in Mumbai in 2019, and now cover a range of sectors across Asia. Investment research is an important part of our proud past, and will be a key source of our continued growth in the future. password. 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. Before becoming a founding partner of Autonomous he worked at Merrill Lynch for ten years, in both London and New York. Gregs wall street career started in equity research at Goldman Sachs covering financials and telecom services. AllianceBernstein's move to Nashville is saving the company an estimated $80 million a year. Yundi joined Autonomous in 2014 and has been analysing China macro-financial developments since then. JS: Without a doubt, the single biggest waste of time for a trader on the fixed income desk is the new issuance process. 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. Jacob is a graduate in Finance from the Stockholm School of Economics. Prior to Bernstein, Kelsey worked at Deutsche Bank covering China cement and oilfield services. In 2018, Rob was named to the Institutional Investor All-America Research team Rising Stars list. 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. Institutional Investor recognized him as a Rising Star for US Insurance/Nonlife in 2015 and 2017. 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. 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. These services include asset-allocation advice, portfolio analytics, trust and estate planning, and retirement planning. He has over 20 years of experience in sell-side high yield research, most recently for 12 years at Deutsche Bank. 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. Britta joined Autonomous in 2009 after having worked in the equity research team at Merrill Lynch, covering German and Benelux banks. Before joining Merrill Lynch, Andreas graduated from the University of Mannheim in Germany with a top class degree in Business Administration, majoring in Finance. One example is the concept of portfolio trading. Based on the current quarter's distribution, it yields a robust 9%. Bernstein Autonomous LLP 60 London Wall, London EC2M 5SH Telephone: +44 (0) 20 7170 5000 CONTACT US New York Sanford C. Bernstein & Co., LLC 1345 Avenue of the Americas New York NY 10019 Telephone: +1 212-969-1000 Hong Kong Sanford C. Bernstein (Hong Kong) Limited 39th Floor, One Island East, Taikoo Place 18 Westlands Road, Quarry Bay, Hong Kong 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. 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. [13] In mid-August 2021, AllianceBernstein disclosed that it had entered a strategic partnership with LSV Advisors, LLC. [15][16] In September 2021, AllianceBernstein gave a $100,000 gift to the Nashville-based Martha O'Bryan Center. Prior to joining Autonomous he worked at KPMG in Financial Services audit, focusing on large banks. Thought leaders on global financial companies. Even though the equity markets are ahead of fixed income from an automation perspective, they still have high-touch traders driving performance. 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. Human Capital: Our sell-side business has three divisions: Research, Sales and Trading. Rachel has been with Autonomous since the companys beginnings in 2009, initially as office manager before moving to corporate access full time. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks . Matt previously worked at firms on both the buy-side (Millennium) and sell-side (Citi) and has experience covering a variety of financials sub-sectors (Capital Markets, Insurance, Payments/FinTech). Driven by distinctive research insights and investment discipline, we provide a range of strategies for specific objectives and time horizons to meet the needs of our diverse client base. The team also provides support to AB employees. Our ambition is to offer best in class coverage of global financials. 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. This market was still fairly sketchy only a couple of years ago, but were now able to transact in it very consistently today. Chris joined Autonomous in 2011 and covers UK and Irish banks. Whalen is joined by a large list of sellside heavyweights who have moved to the buyside in recent yearsmostly from the bulge bracket. Alliancebernstein, registered in 1999, serves 51 state (s) with a licensed staff of 436 advisors. We continually seek alpha across asset classes to advance your success. An upward trend in earnings estimates -- one of the most powerful forces. Prior to joining Autonomous, Stefan covered Swiss, German, Austrian and French banks for twelve years at Dresdner Kleinwort, UniCredit and RBS. We like to say that investment research is in our DNA. Before joining Autonomous in 2009, Farquhar covered the Benelux, Swiss and Nordic insurers at Fox-Pitt, Kelton for two years. We deliver our exclusive insights through a variety of research reports, including our renowned black books. . We have traders that have traded on all three of emerging markets, investment grade and municipals, while others have moved around between desks geographically. Craig Maurer joined Autonomous in September 2014 following nearly 8 years at CLSA Americas. Craig currently covers the Speciality Finance and Payments sector, and has been on Wall Street since 1997. By Chris Hall. There are also similar developments in our analyst and portfolio management 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. In recent years, the buyside has not been immune from downsizing in trading, as technology has allowed desks to do more with less. . Offering investment strategies, investment planning and risk-management services. 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. Alastair joined Autonomous in late 2014 for its Asia launch, as financials specialist sales. 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. 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. . 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. Current-Year Estimate Revisions. We are highly respected by the financial services community. Our asset-management business has additional dimensions, but it is from research that all else flows. Patrick holds a BBA in Finance & Accounting from Southern Methodist University's Cox School of Business. 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. We believe that investment research is essential to delivering better outcomes for clients. AB Bernstein: Sell Side Brokerage: We strive to keep our clients ahead with independent research and trusted execution. Ronan joined Bernstein Autonomous in 2021 and covers companies in the consumer retail sectors. 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. 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. Equities: About . Available Monday through Friday from 8:30 a.m. to 6:30 p.m. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings. We pursue responsibility at all levels of the firmfrom how we work and act to the solutions we deliver to clients. Prior to UBS she held similar positions at Deutsche Bank, Bank of America Merrill Lynch, and The Royal Bank of Scotland. AllianceBernstein's headquarters are located in Nashville, Tennessee; the firm also has locations throughout the world. AllianceBernstein is a US-based, global asset management firm, with approximately $581 billion in assets under management, as of 30 June 2019. In October 2000, Alliance Capital acquired Sanford C. David joined Autonomous in 2019 as a Senior Research Associate covering US Large-Cap Banks, Regional Banks, and Credit Cards. Insurance. Portfolio Management Group (PMG): 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. Industry: Investment & Asset Management. AllianceBernstein L.P., A global asset management company, based in New York, USA, is a subsidiary company of a famous French insurance company, AXA. 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. Apparently AllianceBernstein liked what it saw, because when Gertsen left to head trading at Viking Global Investors, it hired another sellside exec in Whalen. 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. Leona joined Autonomous in 2012 and works on European banks strategy. Corinne started her career in branch banking at NatWest on a graduate programme which soon specialised on credit and the financial sector. Bernstein. About AllianceBernstein At AB, we're fully invested in being a firm that clients can trust to deliver better outcomes. Excellence in investment research and trading is the core of our sell-side research unit's business. He has a BA in Economics from London Guildhall and is a CFA charterholder. This diversity of thinking and perspectives helps us see things differently. Craigs coverage of the payment processing and speciality finance industries began in 2003, prior to which he covered mid-cap banks. 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"). The Research team generates independent insights across markets and sectors for institutional investment professionals. 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. [12][13], In June 2020, AllianceBernstein acquired investment management firm AnchorPath for $400 million. Some research focuses on complex wealth-management issues for individuals involving taxation, single-stock concentration, intergenerational wealth transfer and charitable giving. Rather than telling us what theyre trying to get done, they ask us what were trying to get done. 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. 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. Our research analysts evaluate a company's competitive position and probe market opportunities, developing an unbiased, in-depth perspective. Provides vital investment-management services through more than two dozen offices located around the world. Chris is a Chartered Accountant and holds a degree in Experimental Psychology from Oxford University. Independent, in-depth sell-side research and brokerage services for institutional investors. Alliancebernstein manages $721.8 billion and provides investment advisory services for 23,903 clients (1:55 advisor/client ratio). September 12 2014. Report this profile Report Report. OUR CULTURE Cultivating Diverse Perspectives At AB, we bring together people of many backgrounds. [21], Sell-side research and brokerage services are provided by wholly owned subsidiary Sanford C. Bernstein, also known as Bernstein Research. As a firm and as individuals, we are committed to continuous improvement. Andreas joined Autonomous at its launch in 2009. Youdish is a Chartered Accountant and holds a degree in International Business, Finance and Economics from Manchester University. Davids experience is across the credit spectrum from deeply distressed/stressed up through High Yield and Investment Grade. In PRISM, analysts develop and share views on issuers fundamentalsincluding ESGin a consistent, comparable and quantifiable way across industries, ratings categories and geographies. How is the rise of passive investment vehicles changing the fixed income market? Explore the paths to your success. The move was announced by James Switzer, global head of the company's . Michelle joined Autonomous in 2014 as the Hong Kong office manager and has been a member of the Data Administration Team since January 2021. 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. Prior to joining Autonomous, he spent four years at RBC Capital Markets with the Alternative Assets Group. Wall Street is optimistic about AllianceBernstein Holding LP, which is slated to report its first quarter results on Thursday, April 30, 2015. One observer said that even in the aftermath of the financial crisis, when assets under management were under siege, the buyside refrained from widespread layoffs in trading. David Smith is the Analyst at Autonomous covering US Growth Banks. 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 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 . Christian is a CFA charterholder and holds a double degree (BBA) from DHBW Karlsruhe and the UKs Open University. Before investing in any AllianceBernstein Fund, you should carefully consider the Fund's investment objectives, risks, charges and expenses. 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. Whalen has headed trading since May 2009, and Karofsky joined in March of this year. 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) This requires not only electronic process change but also behavioural process change from traders and the investment team in how they approach risk management and portfolio optimisation. Furthermore our commitment to access and absence of conflicts supports an unrivalled offering for our clients. 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. Our large teams of quantitative analysts develop tools to increase the likelihood of client success. This department is responsible for all legal, regulatory and corresponding compliance matters affecting our firm and the business we conduct throughout the world. China Macrofinancial and Asian Banks, Senior Analyst. AllianceBernstein Holding L.P. (AB) is a global asset management firm providing investment management and research services worldwide to institutional, high-net-worth and retail investors. Before Capital One, Rahul served technology and advanced industry clients at McKinsey & Company, and started his career at Rolls-Royce plc. To be successful, we foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. [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. AllianceBernstein's headquarters are located in Nashville, Tennessee; the firm also has locations throughout the world. Ken joined Autonomous in 2016 and has been covering the Payments and Fintech sector. In addition, we have created several specialist research units, including one that examines broad trends that affect multiple industries and geographies. He worked in Credit Suisse's Investment Bank strategy department through the financial crisis before moving to research in 2010. Sell-Side firms have far more opportunities for aspiring analysts than Buy-Side firms . Sanford C. Bernstein & Company was originally co-founded by Zalman Bernstein, Paul P. Bernstein, Shepard D. Osherow, Roger Hertog and Lewis A. 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. We are unique in offering integrated research, with no silos between equity and credit research. Prior to this, Farquhar worked at Morgan Stanley for six years. Ed graduated from Nottingham University in 1998 with a degree in History, joining the graduate training program at HSBC / James Capel the same year. 'Sell-side earnings estimates had generally not come down, suggesting that market participants were not yet fully anticipating the impact of the economic storm. Richard has significant experience on the sell-side having worked at Bernstein, Credit Suisse, and BMO Capital Markets where he covered various sectors including brokers, asset managers, exchanges, consumer finance, machinery and diversified manufacturing stocks. Brian started his career at KBW as an equity research analyst covering universal and large cap banks. Finance: Prior to that, she worked at CLSA for 6.5 years, mainly covering China banks/non-bank financials. Prior to joining Autonomous, Yundi was an Associate Analyst in the Financial Institutions Group at Fitch Ratings in Beijing, where he has been analysing Chinese financial institutions. Prior to that he was in Asian regional equity sales for four years with CIMB and RBS. Alastair holds a first class degree in Chinese from Oxford University. Where do your priorities lie in terms of optimising AllianceBernsteins fixed income trading operations? There has been an encouraging trend in . The Sell-Side refers to firms that issue, sell, or trade securities, and includes investment banks, advisory firms, and corporations. Kelsey Zhu is the lead Analyst covering Financial Information Technology companies. Greg graduated from the University of Notre Dame with a BA in finance and he holds the Chartered Financial Analyst designation. Prior to joining Autonomous at its launch in 2009, Corinne headed the financials fixed income research team at RBS. Charlene holds both an MBA and an MA in International Relations from Yale University. 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. The quality of our network informs and enriches our research product and ideas. Its investment services cover fixed income, equities, multi-asset, and alternative investments. We seek to marry the big picture macro and thematic trends with bottom up stock picking we are not a think tank. On 11/16/2022, Nike Inc traded for a price of $105.23 per share and a market cap of $164.64Bil. Artist: Leonard Bernstein. Analysts project a profit of 46 cents a share, a rise . He was ranked 11th and 13th best China Economist in Asiamoney Brokers Poll 2014 and 2016. Before joining Merrill Lynch in 2002, Stuart worked at JPMorgan and HSBC (both in banks equity research). 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 . The group supports the global portfolio-management teams by authorizing and executing portfolio decisions. AllianceBernstein (NYSE: AB) is an investment management firm with $643 billion in assets under management. He is also a CFA Charterholder. Others help our portfolio managers to construct better portfolios. 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. 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. 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. AllianceBernstein's two top trading executives are both former sellsiders. So when business picks up, it could be a difficult task to handle the work if the desk is short-staffed. He received his BA in Accounting/Finance from Canisius College and is a CFA charterholder. She previously held a variety of ESG and operational roles at Walmart and other companies including Alcoa, Steelcase, Deere and Cummins. Find the latest on everything happening at AB, from breaking news to regulatory filings. According to analysts' consensus price target of $40.25, AllianceBernstein has a forecasted upside of 3.1% from its current price of $39.03. Other sellside execs who have gone to large buyside shops include Brian Conroy at Fidelity Investments and Michael Gitlin at T. Rowe Price. Autonomous offers a credit execution service on a matched principal basis. Prior to transferring to Autonomous Research, Christian covered US capital markets at Bernstein since 2017. Its our job to accumulate and interpret facts to reach sound investment conclusions and expert investment advice. Christian has been recognised as II rising star on several occasions. AllianceBernstein (AB) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). He graduated from Syracuse University with degrees in Finance and Economics and is a CFA charterholder. Founded: 1967. 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. Search job openings, see if they fit - company salaries, reviews, and more posted by AllianceBernstein employees. Operations: Jim Switzer, senior vice president and global head of fixed income trading at AllianceBernstein, talks to The TRADE about the firms approach to fixed income automation and augmenting the desks skill set. Innovative solutions for global clients ranging from individual investors to the worlds largest institutions. Before joining CIMB, he worked for UOB Kay Hian between 2009 and 2014, as head of China economic research. Prior to joining Autonomous, Erik was the US life insurance analyst for Citigroup. EAN: 8436563181948. He previously worked on the US Life Insurance team. This group ensures a smooth portfolio implementation process, from early planning stages to product launch. Also, Whalen has discussed getting away from sector trading at the firm, according to one knowledgeable source. 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. Prior to joining Autonomous, Ryan was the US Property & Casualty Insurance analyst at Credit Suisse. Josh joined Autonomous in 2019 after 13 years at Citi Research. AllianceBernstein to acquire CarVal Investors for upfront $750 million Mar. [27], Last edited on 26 September 2022, at 13:50, "Shepard D. Osherow, Co-Founder Sanford C. Bernstein and Company", "Alliance Capital to Buy Sanford C. Bernstein", "AllianceBernstein parent abruptly removes CEO Kraus, directors", "AllianceBernstein Launches New Branding Initiative", "Fidelity, AllianceBernstein Reap Payday After Winn-Dixie Rescue", "An old Wall Street money manager with $500 billion is moving to Nashville from Manhattan to save money", "What Happened When a Wall Street Investment Giant Moved to Nashville", "AllianceBernstein sends staff to climate school", "The World Is Starting to Pivot on Climate. You can also access earnings and news reports as well as corporate filings. Prior to founding Autonomous in 2009, Stuart was the head of European banks equity research at Merrill Lynch. Autonomous uses BNP Paribas Security Service as our clearing partner. US Payments & FinTech Senior Research Associate. In October 2000, AllianceBernstein Holdings acquired Sanford C. Bernstein. Learn more about AllianceBernsteinour clients and how we serve them, our research and investment services, our history and our worldwide presence. 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. Total, the firm now has a staff of 10 involved in the trading function, down from 14. 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. . [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. [19], AllianceBernstein provides investment services for institutions. ET. The Research team generates independent insights across markets and sectors for institutional investment professionals. Learn more on AB's analyst rating history. The trade had a 0.25% impact on the equity portfolio. Connections to our clients, our culture, one another and the communities we serve. It more than . 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. As a global investment firm, we foster diverse perspectives and embrace innovation to help our clients navigate the uncertainty of capital markets. Conroy moved to Fidelity Capital Markets this year. AllianceBernstein - With $742 billion in assets under management, we work every day to earn our clients' trust, whether they're individual investors or the world's biggest institutions. In todays challenging liquidity conditions, systemisation allows us to use different liquidity strategies. We strive to be the best in every aspect of our chosen field. Our research disciplines include fundamental research, quantitative research, economic research and currency forecasting. Provides computing, communications, infrastructure, services, support and innovations that sustain high-quality research and diverse investment services for institutional investors, individuals and private clients. Brian started his career as a consultant at Oliver Wyman, and holds a BSE in Operations Research and Financial Engineering from Princeton University. 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. AllianceBernstein. [6], In February 2018, a senior research analyst of the firm, Paul Gait,[7] defined the Democratic Republic of Congo (DRC) a country rich in cobalt, which is essential to the lithium-ion batteries that drive electric vehicles as economically "the Saudi Arabia of the electric vehicle age. The team also connects with clients via phone calls, meetings and conferences. All Rights Reserved. Prior to joining Autonomous David was a Senior Associate at Lexington Partners, a private equity secondaries firm. She has served as manager on a variety of operations-related projects. Sell Side Brokerage: We strive to keep our clients ahead with independent research and trusted execution. Bank Services He had worked with Karofsky at Deutsche. Andrew holds a BA in modern history from Oxford University. He received his BA in Finance from College of Charleston. document.write(new Date().getFullYear()); AllianceBernstein L.P. Equities Fixed Income Multi-Asset Prior to joining Autonomous, Dwight was a buy-side analyst at Millennium Partners covering global financials. We want our research to define thought leadership about current conditions and emerging trends. Technology; Cyber security; Advances in Tech; Notices and Calendars. Ryan has a BS in Mathematical Economics from Wake Forest University and is a CFA charterholder. By clicking OK you are giving consent for us to set cookies. 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. JS: One of the most important things we need is a utility to connect fixed income market participants and trading platforms. Four traders remain, plus Eric Shanker, a Deutsche veteran who trades and is Karofskys right-hand man. Contact 501 Commerce Street Nashville, TN, 37203 www.alliancebernstein.com Sector. AllianceBernstein has received a consensus rating of Hold. We cant always do that right now given the existing infrastructure and often have to resort to voice trading. Prior to joining Bernstein Autonomous, Christian was head of corporate credit research at UniCredit where he worked for 13 years in senior equity and credit research roles in Munich and London. They are a lot further along with the electronic process change, mostly because of regulatory drivers. 2 AllianceBernstein Sell Side Equity Analyst jobs. 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. David joined Autonomous in 2019 to lead Credit Research Sales. 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. 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. Sales & Client Services works with financial advisors and institutions to offer diversified investment solutions that help clients build and preserve their wealth. 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. He has over 10 years working experience in macroeconomic research. Treasury is responsible for managing the firm's funding and liquidity, cash management, foreign exchange, and relations with rating agencies and banks. Only this fosters long-term relationships. The subject matter division of labor for the Legal & Compliance department's practice groups is currently as follows: AB Bernstein: Prior to joining Merrill Lynch, she spent two years as at Fox-Pitt, Kelton, where she also covered Central and Eastern European banks. Rory joined Autonomous from Bernstein after the merger in 2019. He previously covered European Payments & Fintech, Frontier Market Banks and US Regional Banks. 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. Price Target Upside/Downside. Its important to have diverse experience on the trading desk. 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