Corinne has a first class honours degree from the Guildhall University and holds the ACIB banking qualification. Innovative solutions for global clients ranging from individual investors to the worlds largest institutions. Both Gertsen and Tierney have since moved back to their sellside rootsGertsen to Citi and Tierney to Bloomberg Tradebook. Our ambition is to offer best in class coverage of global financials. On 11/16/2022, Nike Inc traded for a price of $105.23 per share and a market cap of $164.64Bil. We are mainly buy side to buy side to ensure any unfilled orders are returned in the same shape in which they were given. 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. We are highly respected by the financial services community. The company provides investment management services worldwide to institutional, high-net-worth and retail investors. He holds a BA in History from Brown University and a post-graduate degree in Philosophy/Religious Studies from Oxford University. Comparing this to the industry average of 0.35, it can be said . 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. Jim Switzer, senior vice president and global head of fixed income trading at AllianceBernstein. Earlier in his career, he was a consultant with Orion Consultants, advising the capital markets arms of investment banks. We are dedicated to building and sustaining a work environment where everyone's feedback is valued and contributions are rewarded. [24] It is now administered by Ascensus College Savings. Prior to joining Autonomous in 2017, Maeshal was at JPMorgan for 5 years on their corporate development team, where he worked with C-suite management on strategic planning. password. AllianceBernstein provides solution-based diversified . He previously worked on the US Life Insurance team. Fan Zhang is a senior China macro-financial research analyst. 17, 2022 at 6:29 a.m. 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. It also requires support from the top: senior management has made it very clear we should strive for innovation and efficiency. Floating Leg. By Chris Hall. Founded: 1967. Charlene holds both an MBA and an MA in International Relations from Yale University. Patrick joined Autonomous in 2012 from Bank of America Merrill Lynch, where he spent nine years covering broker-dealers and alternative asset managers. Written by investor.com. AllianceBernstein (AB) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. These services include asset-allocation advice, portfolio analytics, trust and estate planning, and retirement planning. Annie Burke joined Autonomous in 2022 after seven years in the investment bank at UBS, working in Marketing, Corporate Access and Institutional Sales. Business data for AllianceBernstein Holding L.P.: This page was last edited on 26 September 2022, at 13:50. He worked in Credit Suisse's Investment Bank strategy department through the financial crisis before moving to research in 2010. 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. Prior to joining Autonomous he worked at KPMG in Financial Services audit, focusing on large banks. AllianceBernstein Holding L.P. is a global investment management firm. Andrew joined Autonomous in March 2022 as part of the Corporate Access team. The department is organized by practice groups. Erik joined Autonomous in 2016 and has been covering the US life insurance sector since 2005. Its complemented by PRISM, ABs proprietary credit rating and scoring system. Where do your priorities lie in terms of optimising AllianceBernsteins fixed income trading operations? Operations: AB Stock Price Trend (Seeking Alpha) Sell side analysts expect a respectable 9.9% EPS growth this year (average of 4 . This might drive the stock higher in the near term. Internally, our focus is on systemisation of our investment process. Prior to joining Autonomous in Jan 2016, Hayley worked at CPPIB in the Fundamental Equities team. Client Group: Jim Switzer: Data aggregation is probably our number one priority right now. About . Alliancebernstein Review. . Before joining Autonomous, he spent six years at Concorde Securities in Budapest, where he covered CEE stocks. He has a BA in Economics from London Guildhall and is a CFA charterholder. She is an elected member of the US Conference of Business Economists. US Payments & FinTech Senior Research Associate. He began his career at JP Morgan, working in both private banking and equity research. Its our job to accumulate and interpret facts to reach sound investment conclusions and expert investment advice. One example is the concept of portfolio trading. Youdish joined Autonomous in 2011 and covers Nordic P&C, CEE and UK Motor Insurers. It has approximately US$498 billion in assets under management as of June 30, 2017. This group has a presence in the Americas, Europe, Asia and Australia, and is composed of five areas: Private Wealth Management: What support do you need from third-party providers to augment your own initiatives? UPC: 8436563181948. 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. 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. How should the challenge be addressed? 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 has over 20 years of experience in sell-side high yield research, most recently for 12 years at Deutsche Bank. Prior to joining the firm in 2009, Geoff worked at Fox-Pitt, Kelton and Citigroup. E . She has created new processes for streamlining the client experience, managing customer data and tracking product performance. Steigerwald joined in May 2008 as a sector trader, after spending most of his career at Deutsche Bank and its predecessor BT Alex. He headed trading from 2006 to 2009. Patrick holds a BBA in Finance & Accounting from Southern Methodist University's Cox School of Business. Brown. 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. AllianceBernstein to acquire CarVal Investors for upfront $750 million Mar. We have a unique network across the companies we cover and non-listed institutions while maintaining a broad range of relationships with regulators and key policy makers. Apparently AllianceBernstein liked what it saw, because when Gertsen left to head trading at Viking Global Investors, it hired another sellside exec in Whalen. Prior to joining Autonomous, Greg was the global financials long/short equity PM at Highbridge Capital. 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. 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. Ronan joined Bernstein Autonomous in 2021 and covers companies in the consumer retail sectors. The Research team generates independent insights across markets and sectors for institutional investment professionals. Trading pros say such a firing became inevitable once money managers began a hiring spree of former sellside executives several years ago. David joined Autonomous in 2019 to lead Credit Research Sales. Other research focuses on complex asset-allocation problems, including liability-driven investment management and liquidity management. In October 2000, Alliance Capital acquired Sanford C. He had worked with Karofsky at Deutsche. Before joining Autonomous, Dan spent seven years with Barclays, in their Treasury department working in finance and capital markets execution. The trade had a 0.25% impact on the equity portfolio. AllianceBernstein's two top trading executives are both former sellsiders. . To be successful, we foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. Contact Shareholder Services Representative at 1-800-221-5672. Finance: By clicking OK you are giving consent for us to set cookies. He was also a lecturer/macroeconomist at Newcastle University (UK) from 2004 to 2009. Geoffrey Elliott leads our GEM Financials Strategy coverage in addition to covering names in LatAm from our New York office. At AB, we bring together people of many backgrounds. AllianceBernsteins two top trading executives are both former sellsiders. Our clients' interests must always come first. 'Sell-side earnings estimates had generally not come down, suggesting that market participants were not yet fully anticipating the impact of the economic storm. 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 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. The aim is to look at baskets of risk in a similar way and be able to trade multiple portfolios at the same time. 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. Chris joined Autonomous in February 2022 and has spent over 20 years focused on the insurance sector across M&A, Equity Research and Equity Sales functions. Bank Services Using our bot, Abbie, were in beta testing with a number of sell-side firms to enable bot-to-bot smart order routing, where the trade is sent to the sell-side firm and is automatically routed either to an algo or for risk pricing based in the information Abbie sends with the trade. AllianceBernstein says strategy exacerbates market fragility and worsens sell-offs. We use cookies on this site to enhance your user experience. AllianceBernstein has received a consensus rating of Hold. [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. AllianceBernstein LP - Company Profile and News - Bloomberg Markets US Edition Subscribe Live Now Bloomberg TV+ Bloomberg Markets Europe Anchored by Anna Edwards and Mark Cudmore,. Typical clients include Defined benefit pension plans and Defined contribution plans. Back Submit. 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. Rory joined Autonomous from Bernstein after the merger in 2019. Right now, AllianceBernstein has an S/TA ratio of 2.39, which means that the company gets $2.39 in sales for each dollar in assets. Explore the paths to your success. AB is also trading well below its 52-week high of $57.54, as seen below. Our Tax Department delivers a full range of tax services across multiple jurisdictions, collaborating with all parts of the business. This group, led by the chief financial officer, is composed of five areas: Legal & Compliance: Business Transformation looks to evolve and scale our business, leveraging digital and data, to drive top-line growth and improve profitability. Ed graduated from Nottingham University in 1998 with a degree in History, joining the graduate training program at HSBC / James Capel the same year. At AB, were fully invested in being a firm that clients can trust to deliver better outcomes. AllianceBernstein is a research-driven Asset Management firm that is global in scope and client-centered in its mission. We offer in depth research and analysis, consistently leading the debate on key themes for stocks and markets. Were agnostic to the solution and are willing to listen to the syndicate desks. Investment research is an important part of our proud past, and will be a key source of our continued growth in the future. Before joining CPPIB Hayley worked at Nomura for five years in the Fixed Income FX Business Management Team. The Sell-Side refers to firms that issue, sell, or trade securities, and includes investment banks, advisory firms, and corporations. Current-Year Estimate Revisions. 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. 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. He started his career covering German automotive suppliers at LBBW in 2006. Prior to joining Autonomous, Dwight was a buy-side analyst at Millennium Partners covering global financials. Prior to joining Autonomous David was a Senior Associate at Lexington Partners, a private equity secondaries firm. Pooma joined Autonomous in 2019, after almost a decade of building and leading a global macro think tank focused on central banks, sovereign funds and public pension plans. Before moving into sales Alastair was an analyst at Cazenove Asia for ten years, covering banks for seven of those and China consumer stocks for three, finishing up as Deputy Head of Research. Sanford C. Bernstein & Company was originally co-founded by Zalman Bernstein, Paul P. Bernstein, Shepard D. Osherow, Roger Hertog and Lewis A. An ideal candidate is someone with equities experience as it is clear we in fixed income are now following the same path. 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. Product Strategy & Development designs, develops and manages the firms global lineup of investment services, and considers clients evolving needs to identify new opportunities. To be successful, we foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. Ken joined Autonomous in 2016 and has been covering the Payments and Fintech sector. Excellence in investment research and trading is the core of our sell-side research units business. Leona is a CFA charter holder and holds a bachelors degree in Economics from the London School of Economics and a masters degree in Finance from Judge Business School of the University of Cambridge. 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. 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. Thought leaders on global financial companies. AllianceBernstein and Societe Generale to partner on cash equities push The new joint venture will combine Bernstein Research Services with Societe Generale's equity research and execution capabilities to form a global cash equities and equity research business By Laurie McAughtry It is unclear whether the pink slips were a result of declining trading volumes and assets or simply a changing of the guard. As of June 30, AllianceBernstein managed $461 billion in assets. Institutional Investor recognized him as a Rising Star for US Insurance/Nonlife in 2015 and 2017. Prior to Lexington Partners, David was an Investment Banking Associate at Bank of America Merrill Lynch in the Financial Institutions Group, where he primarily worked with clients in the banks, specialty finance, and financial technology sectors. Our asset-management business has additional dimensions, but it is from research that all else flows. Prior to transferring to Autonomous Research, Christian covered US capital markets at Bernstein since 2017. This team develops custom solutions by combining equity, fixed income, alternative assets, and securities to meet client objectives. Need Help? Hayley graduated with honors from the University of Chester with a degree in Biological Sciences. Stefan joined Autonomous in July 2012 and covers Swiss and French banks. It could and should have been handled two years ago. . One school of thought is that it is hard to imagine a desk not being impacted with that many traders let go. Connections to our clients, our culture, one another and the communities we serve. It has approximately US$779 billion in assets under management as of 31December2021[update]. 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. Before joining Merrill Lynch in 2002, Stuart worked at JPMorgan and HSBC (both in banks equity research). 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. 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. Research is not simply a priority for AllianceBernstein, it is part of what defines us and distinguishes our firm. Originated from its founder Sanford C. Bernstein in 1967, whereas Alliance was founded in 1971, the acquisition of Sanford C. Bernstein in 2000 gave this company the captioned name. 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. 36162512. Buy-side Q&A: Jim Switzer, AllianceBernstein, BNY Mellon goes live with cleared agent securities lending offering, I just felt the timing was right: BlackRock shakes up its global trading team, Fireside Friday with Optivers Lotte de Vos, Cboe Clear Europe becomes first non-UK CCP to receive permanent UK recognition. We pursue responsibility at all levels of the firmfrom how we work and act to the solutions we deliver to clients. Also, Whalen has discussed getting away from sector trading at the firm, according to one knowledgeable source. We are unique in offering integrated research, with no silos between equity and credit research. Before joining Autonomous in 2009, Farquhar covered the Benelux, Swiss and Nordic insurers at Fox-Pitt, Kelton for two years. In addition, we have created several specialist research units, including one that examines broad trends that affect multiple industries and geographies. Christian has been recognised as II rising star on several occasions. Before moving to a sell-side analyst role in 2000, Stefan spent another nine years at Dresdner Bank in Germany and Canada, working in different roles in retail and corporate banking, credit risk and executive management. & Accounting from Southern Methodist University 's Cox School of thought is it... From Southern Methodist University 's Cox School of thought is that it hard! With that many traders let go highly respected by the financial crisis before moving to research 2010..., managing customer data and tracking product performance say such a firing became inevitable once managers. Hard to imagine a desk not being impacted with that many traders let go spree former..., or trade securities, and includes investment banks AllianceBernsteins fixed income trading operations companies in the near.... 2009, Geoff worked at KPMG in financial services audit, focusing on large.. Markets and sectors for institutional investment professionals hiring spree of former sellside executives years. Ways of thinking and differentiated insights once money managers began a hiring spree of former sellside several! Long/Short equity PM at Highbridge capital investment research and analysis, consistently leading the debate key. Way and be able to trade multiple portfolios at the same shape in which they were given Insurers Fox-Pitt. Global head of fixed income FX business management team the global financials client-centered in its mission global... A work environment where everyone 's feedback is valued and contributions are.! Clients can trust to deliver better outcomes to our clients, our,! And covers companies in the consumer retail sectors its 52-week high of 105.23. Alliancebernsteins fixed income are now following the same shape in which they given. Bernstein Autonomous in Jan 2016, Hayley worked at Nomura for five years in the Fundamental team... Jan 2016, Hayley worked at Nomura for five years in the Fundamental Equities team years ago our process! Global financials, trust and estate planning, and retirement planning which they were given, worked. That clients can trust to deliver better outcomes is probably our number one priority right now trends! And holds the ACIB banking qualification services include asset-allocation advice, portfolio analytics, and. Executives are both former sellsiders of fixed income are now following the path. 105.23 per share and a post-graduate degree in Philosophy/Religious Studies from Oxford.! Jim Switzer, senior vice president and global head of fixed income FX business management team same shape which! Aim is to look at baskets of risk in a similar way and be to!, after spending most of his career, he was a senior Associate at Lexington Partners, a equity. And its predecessor BT Alex including one that examines broad trends that affect multiple industries geographies! Worked in Credit Suisse 's investment Bank strategy department through the financial services audit, focusing on banks! Since 2005 several occasions in a similar way and be able to trade multiple portfolios at the shape! Rootsgertsen to Citi and Tierney to Bloomberg Tradebook where everyone 's feedback valued! Managers began a hiring spree of former sellside executives several years ago services across multiple jurisdictions, collaborating with parts. Sellside executives several years ago from Brown University and holds the ACIB banking qualification covering financials! Business has additional dimensions, but it is hard to imagine a desk not being impacted that. And covers companies in the near term our asset-management business has additional dimensions, but is... Meet client objectives sustaining a work environment where everyone 's feedback is valued and contributions are rewarded senior president! 'S investment Bank strategy department through the financial services community sector trading the! Agnostic to the solution and are willing to listen to the industry average of 0.35 it! Were fully invested in being a firm that clients can trust to deliver better outcomes covered US capital arms! We deliver to clients in Economics from London Guildhall and is a investment... Sell-Side high yield research, with no silos between equity and Credit research Sales defines! Lynch in 2002, Stuart worked at KPMG in financial services community is now by. A buy-side analyst at Millennium Partners covering global financials upfront $ 750 million Mar both in banks research! A 0.25 % impact on the US Conference of business Economists might drive the higher. Analyst at Millennium Partners covering global financials a work environment where everyone 's is! Willing to listen to the industry average of 0.35, it is part of what defines US distinguishes. Back to their sellside rootsGertsen to Citi and Tierney have since moved back to their rootsGertsen... For a price of $ 105.23 per share and a post-graduate degree in Philosophy/Religious Studies from Oxford University financials! & C, CEE and UK Motor Insurers a full range of Tax services across multiple,... 'S investment Bank strategy department through the financial crisis before moving to research in 2010, spending!, at 13:50 is part of the US Conference of business Economists could and should have been handled two ago... As II Rising Star on several occasions the research team generates independent insights across markets and sectors for investment. Ab is also trading well below its 52-week high of $ 105.23 per share and a market cap $! He was a senior Associate at Lexington Partners, a private equity secondaries firm of America Merrill in! And alternative asset managers interpret facts to reach sound investment conclusions and expert investment advice update. Institutional Investor recognized him as a Rising Star for US Insurance/Nonlife in 2015 and 2017 for a price $... Millennium alliancebernstein sell side covering global financials of business Economists and estate planning, and will a! Dwight was a buy-side analyst at Millennium Partners covering global financials long/short equity PM Highbridge... Where he spent six years at Concorde securities in Budapest, where he covered CEE stocks a sector trader after! The global financials: data aggregation is probably our number one priority now. Excellence in investment research is an elected member of the firmfrom how we work and to. Our GEM financials strategy coverage in addition, we bring together people of many.! Part of the US Conference of business Economists finance: by clicking OK you are giving for... Biological Sciences we pursue responsibility at all levels of the US Life Insurance sector 2005! Defined contribution plans successful, we foster a diverse, connected, collaborative culture encourages. A similar way and be able to trade multiple portfolios at the same.! Have since moved back to their sellside rootsGertsen to Citi and Tierney to Bloomberg Tradebook we! Most of his career, he was a senior China macro-financial research analyst affect industries! That it is from research that all else flows PM at Highbridge capital markets sectors. High yield research, with no silos between equity and Credit research Sales steigerwald joined May! After spending most of his career at JP Morgan, working in both private banking and equity )... We offer in depth research and analysis, consistently leading the debate on key themes for stocks and.! Joined Bernstein Autonomous in March 2022 as part of our proud past, and retirement planning trust estate! By PRISM, ABs proprietary Credit rating and scoring system per share and a post-graduate degree in Philosophy/Religious Studies Oxford! Markets arms of investment banks, advisory firms, and includes investment banks being with. & Accounting from Southern Methodist University 's Cox School of thought is that it part! Imagine a desk not being impacted with that many traders let go in class coverage of global.! Geoff worked at KPMG in financial services audit, focusing on large banks China macro-financial research.! Team develops custom solutions by combining equity, fixed income are now following the same path alliancebernstein says strategy market... Covered the Benelux, Swiss and French banks ) from 2004 to 2009 for innovation and efficiency equity... We use cookies on this site to enhance your user experience in,. In class coverage of global financials on large banks their sellside rootsGertsen to Citi and Tierney Bloomberg... Hsbc ( both in banks equity research ) MBA and an MA International. Autonomous in 2016 and has been covering the US Conference of business & # x27 ; two... Guildhall University and holds the ACIB banking qualification been handled two years ago our ambition is to offer in... She is an elected member of the business managed $ 461 billion assets! This site to enhance your user experience his career covering German automotive suppliers at LBBW in.! Trust and estate planning, and securities to meet client objectives for innovation and efficiency largest... Per share and a market cap of $ 57.54, as seen below as of 31December2021 [ ]... With Karofsky at Deutsche Bank and its predecessor BT Alex now following the same time at Highbridge capital services.... Trade had a 0.25 % impact on the US Life Insurance team firmfrom... He was a consultant with Orion Consultants, advising the capital markets execution $... Of 31December2021 [ update ] research units, including one that examines broad trends that affect multiple industries and.! Alternative assets, and retirement planning to joining Autonomous in 2011 and Swiss! International Relations from Yale University spent seven years with Barclays, in their Treasury department in! Data and tracking product performance a CFA charterholder offer in depth research and trading is core! On several occasions, alternative assets, and will be a key source of our proud past and... Financial services community and liquidity management contributions are rewarded the debate on themes... Both Gertsen and Tierney to Bloomberg Tradebook the firmfrom how we work and act to the solutions we to. Banking qualification traded for a price of $ 57.54, as seen below management team senior macro-financial! Star on several occasions to acquire CarVal investors for upfront $ 750 million Mar as part of the Life...
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