Open side navigation menu . Brown. AllianceBernstein (AB) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). 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. 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. This is unusual, no matter what the reason, said one industry veteran. 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. Roughly a dozen traders at AllianceBernstein offices in Sydney, Japan, Hong Kong and London were untouched by layoffs. In October 2000, Alliance Capital acquired Sanford C. The Buy Side refers to firms that purchase securities and includes investment managers, pension funds, and hedge funds. Copyright 2023 Tungsten Publishing. Please see our Privacy Notice for more information on how we use cookies. As of June 30, AllianceBernstein managed $461 billion in assets. Craigs coverage of the payment processing and speciality finance industries began in 2003, prior to which he covered mid-cap banks. "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 . He has a BS degree in Hospitality Management from Widener University. 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. Equity Swap. I believe there is a willingness on the sell-side to come up with a digitised solution. She previously held a variety of ESG and operational roles at Walmart and other companies including Alcoa, Steelcase, Deere and Cummins. 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 The company provides investment management services worldwide to institutional, high-net-worth and retail investors. What support do you need from third-party providers to augment your own initiatives? In addition, we have created several specialist research units, including one that examines broad trends that affect multiple industries and geographies. Investors might want to bet on AllianceBernstein (AB), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Richard Fellinger joined Autonomous in 2019 and has been working in equity research since 2015. Yundi joined Autonomous in 2014 and has been analysing China macro-financial developments since then. 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. 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. . 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 . [10][11], In 2019, AllianceBernstein partnered with Columbia University to provide training courses on sustainability and environmental sciences to its staff of investors. such as the private wealth management business and sell-side research and trading, will . Based on all this, we consider the possible strategies to engage liquidity, remembering of course that the best way to generate alpha is to be a liquidity provider. He is a graduate of the University of Virginia and Georgetown University. AllianceBernstein, a leading global investment management and research firm, and Societe Generale, a leading European bank, announced their . It is unclear whether the pink slips were a result of declining trading volumes and assets or simply a changing of the guard. Prior to joining Autonomous David was a Senior Associate at Lexington Partners, a private equity secondaries firm. Both Gertsen and Tierney have since moved back to their sellside rootsGertsen to Citi and Tierney to Bloomberg Tradebook. One school of thought is that it is hard to imagine a desk not being impacted with that many traders let go. Alex has been a member of the Autonomous Team since 2019. The Research team generates independent insights across markets and sectors for institutional investment professionals. David holds a BA in Economics from Yale with distinction and a MBA from Columbia Business School. He holds a BSc in Economics from the LSE and a Masters in Finance from LBS. [19], AllianceBernstein provides investment services for institutions. 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. Before joining Autonomous in 2009, Farquhar covered the Benelux, Swiss and Nordic insurers at Fox-Pitt, Kelton for two years. AllianceBernstein Holding L.P. AB, through a new outsourcing service, will execute the bond trades of other buy-side firms. 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. AllianceBernstein (AB) is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private. We pursue responsibility at all levels of the firmfrom how we work and act to the solutions we deliver to clients. 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. 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. It had approximately US$800 billion assets under management as of the end of 2007. Corinne has a first class honours degree from the Guildhall University and holds the ACIB banking qualification. 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. She has served as manager on a variety of operations-related projects. Kelsey Zhu is the lead Analyst covering Financial Information Technology companies. In 2000, Alliance acquired Bernstein, an institutional house with a thriving private client business and $88 billion in value stocks, for $3.5 billion. Our asset-management business has additional dimensions, but it is from research that all else flows. 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. 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. 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. [9], AllianceBernstein also have announced the move of their global headquarters and csuite from New York City to Nashville, while also having an office remaining in Midtown in New York City. Prior to UBS she held similar positions at Deutsche Bank, Bank of America Merrill Lynch, and The Royal Bank of Scotland. At a council meeting Tuesday evening, Mayor J. William Reynolds . JS: Without a doubt, the single biggest waste of time for a trader on the fixed income desk is the new issuance process. Excellence in investment research and trading is the core of our sell-side research units business. Prior to joining Autonomous he worked at KPMG in Financial Services audit, focusing on large banks. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks . As a global investment firm, we foster diverse perspectives and embrace innovation to help our clients navigate the uncertainty of capital markets. This team partners across our businesses and regions to align our people initiatives with our strategic priorities. He received his BA in Finance from College of Charleston. 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. The aim is to look at baskets of risk in a similar way and be able to trade multiple portfolios at the same time. AllianceBernstein's headquarters are located in Nashville, Tennessee; the firm also has locations throughout the world. She is an elected member of the US Conference of Business Economists. Our sell-side business has three divisions: Research, Sales and Trading. Davids experience is across the credit spectrum from deeply distressed/stressed up through High Yield and Investment Grade. [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. Sell side; Market Data; Tech. We do not take positions to ensure full independence of our research offering and use our distribution networks globally. The team also provides support to AB employees. . Industry: Investment & Asset Management. Ed graduated from Nottingham University in 1998 with a degree in History, joining the graduate training program at HSBC / James Capel the same year. Prior to joining Autonomous in 2016, Brian worked in equity research at Barclays covering emerging technologies across the US and Europe. Find out everything you want to know about ABs corporate strategy, responsibility efforts and investment insights. Four traders remain, plus Eric Shanker, a Deutsche veteran who trades and is Karofskys right-hand man. So when business picks up, it could be a difficult task to handle the work if the desk is short-staffed. (Whalen was also featured in a cover story when he ran trading at Lehman.) Prior to founding Autonomous in 2009, Andrew was the head of European insurance equity research at Citigroup. At AllianceBernstein, research excellence is the key to realizing the firm's dual mission. He was ranked 11th and 13th best China Economist in Asiamoney Brokers Poll 2014 and 2016. We hold ourselves to ethics which we can be proud of. Search job openings, see if they fit - company salaries, reviews, and more posted by AllianceBernstein employees. Before joining Merrill Lynch, Andreas graduated from the University of Mannheim in Germany with a top class degree in Business Administration, majoring in Finance. Dwight has previous equity sales experience working at UBS and FBR & Co. Dwight began his career working in the Treasury group at M&T Bank. Learn more on AB's analyst rating history. Were agnostic to the solution and are willing to listen to the syndicate desks. Amy joined Autonomous in Nov 2016 having previously been a Specialist Salesperson in the Technology Sectors for three Investment Banks. Whalen has headed trading since May 2009, and Karofsky joined in March of this year. The median estimate represents a 87.79 . Prior to this, Farquhar worked at Morgan Stanley for six years. 20"E"""E. [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. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings. Based on the current quarter's distribution, it yields a robust 9%. Independent, in-depth sell-side research and brokerage services for institutional investors. [10][11] AllianceBernstein has offices in 46 locations across 22 countries. 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. All Rights Reserved. It also requires support from the top: senior management has made it very clear we should strive for innovation and efficiency. 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