Ken joined Autonomous in 2016 and has been covering the Payments and Fintech sector. 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. Institutional Investor recognized him as a Rising Star for US Insurance/Nonlife in 2015 and 2017. 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. AllianceBernstein to acquire CarVal Investors for upfront $750 million Mar. 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. Only this fosters long-term relationships. We hold ourselves to ethics which we can be proud of. He began his career at Neuberger Berman as a portfolio analyst before moving to the sell-side in 1999. 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. 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). He holds a degree in English from Cambridge University. He holds a BA in History from Brown University and a post-graduate degree in Philosophy/Religious Studies from Oxford University. For the full year, the company is expected to earn $2.81 per share, representing a year-over-year change of -27.76%. Portfolio Management Group (PMG):
Weve been amassing historical and point-in-time data through our ALFA market liquidity surveillance tool over the last five years. In October 2000, Alliance Capital acquired Sanford C. Find the latest on everything happening at AB, from breaking news to regulatory filings. 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. 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. 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. 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. 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. David holds a BA in Economics from Yale with distinction and a MBA from Columbia Business School. AllianceBernstein's headquarters are located in Nashville, Tennessee; the firm also has locations throughout the world. 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. 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. Our research analysts evaluate a company's competitive position and probe market opportunities, developing an unbiased, in-depth perspective. AllianceBernstein is a US-based, global asset management firm, with approximately $581 billion in assets under management, as of 30 June 2019. Fixed Income:
It has approximately US$779 billion in assets under management as of 31 December 2021. 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. Compared to the pre-crisis environment, today we no longer have sell-side prop desks, dealer inventory is substantially reduced, and hedge funds use less leverage. Equity Execution Services offered by Bernstein [click here] for more information. He previously covered European Payments & Fintech, Frontier Market Banks and US Regional Banks. Bank Services Steigerwald joined in May 2008 as a sector trader, after spending most of his career at Deutsche Bank and its predecessor BT Alex. He held this post for five years, leading a team of five analysts. 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. 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. AllianceBernstein traces its origins back to the founding of Sanford C. Bernstein in 1967 as an investment-management firm for private clients. Rahul joined Autonomous in 2022, and covers the FinTech sector. 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. Typical clients include Defined benefit pension plans and Defined contribution plans. David joined Autonomous in 2019 to lead Credit Research Sales. Stefan holds an MBA from Nuernberg University, an MA from Wayne State University (Detroit), and he has been a CFA charterholder since 1998. It had approximately US$800 billion assets under management as of the end of 2007. Alliancebernstein, registered in 1999, serves 51 state (s) with a licensed staff of 436 advisors. He has over 10 years working experience in macroeconomic research. Prior to that, he spent two years in Merrill Lynch's Investment Banking analyst program. Prior to Autonomous, he spent three years at Capital One Financial in the Corporate Development team, leading M&A transactions and strategic partnerships. According to Bank of America Global Research, AllianceBernstein ( NYSE: AB) is a financial services firm with a large asset management business in addition to a captive private wealth platform. He received his BA in Finance from College of Charleston. Sell Side Brokerage: We strive to keep our clients ahead with independent research and trusted execution. Craig Maurer joined Autonomous in September 2014 following nearly 8 years at CLSA Americas. 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. The Fixed Income team is composed of product and strategy groups whose coverage spans high-yield corporate bonds, emerging-market corporate bonds, global economic research, quantitative research, securitized products, alternative credit and municipal bonds. US asset manager warns over 'risk parity'. 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. 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. The team also connects with clients via phone calls, meetings and conferences. Autonomous offers a credit execution service on a matched principal basis. We like to say that investment research is in our DNA. AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth. Britta started her career in investment banking in 2001, working in Citigroup's Financial Institutions Group. Bundle Description: This item may take up to 4 days of additional processing time. [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. Before joining Autonomous, Leona worked in Credit Risk Management in Deutsche Bank. 20"E"""E. Bernstein Private Wealth Management Investment Services & Sell Side Equity Research We're a global investment management and research firm. Christian joined Bernstein Autonomous in 2021 with a focus on high yield bond issuers from various industrial sectors. Fan holds a Master's degree in Financial Economics from Nottingham University (UK) and is taking a doctorate in Economics at Newcastle University (UK). 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. We pursue responsibility at all levels of the firmfrom how we work and act to the solutions we deliver to clients. He holds an MA in Natural Sciences and Economics from Cambridge University and is a CFA charterholder., Property & Casualty Insurance, Senior Analyst. JS: The growing size and presence of ETFs has created an arb-able event. Total, the firm now has a staff of 10 involved in the trading function, down from 14. Rachel started her career in 1994 at a small stock brokers in New York, followed by three years at Tate & Lyle supporting the FD. 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. Business data for AllianceBernstein Holding L.P.: This page was last edited on 26 September 2022, at 13:50. Whether youre a global institution, financial advisor or high-net-worth individual, were committed to being your most valued partner. Brian started his career as a consultant at Oliver Wyman, and holds a BSE in Operations Research and Financial Engineering from Princeton University. It's dedicated to institutional investment-management services, private client administration, fund services, brokerage operations and change agents. The company provides investment management services worldwide to institutional, high-net-worth and retail investors. . Patrick joined Autonomous in 2012 from Bank of America Merrill Lynch, where he spent nine years covering broker-dealers and alternative asset managers. He earned a BA in History from the University of Chicago and an MBA from NYU. 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. 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. He holds a JD from Harvard Law School and a BS in Industrial & Labor Relations from Cornell University. 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. As a global investment firm, we foster diverse perspectives and embrace innovation to help our clients navigate the uncertainty of capital markets. At AllianceBernstein, research excellence is the key to realizing the firm's dual mission. We continually seek alpha across asset classes to advance your success. We began operations in Hong Kong in 2010, and in Mumbai in 2019, and now cover a range of sectors across Asia. But make no mistake about it: we need a solution. Autonomous Research aims to be the leading research provider on financial companies globally. 17, 2022 at 6:29 a.m. Prior to joining the firm in 2009, Geoff worked at Fox-Pitt, Kelton and Citigroup. 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. Explore the paths to your success. In October 2000, AllianceBernstein Holdings acquired Sanford C. Bernstein. David Smith is the Analyst at Autonomous covering US Growth Banks. 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. Before Autonomous, Kelsey led the expansion of Bernsteins Global Gaming team. Equity Swap. Prior to joining Autonomous, Erik was the US life insurance analyst for Citigroup. Rather than telling us what theyre trying to get done, they ask us what were trying to get done. Save. AB is also trading well below its 52-week high of $57.54, as seen below. He holds a BSc in Economics from the LSE and a Masters in Finance from LBS. Nick joined Autonomous in Dec 2019, having started his career at UBS in 2003. He holds a BA in Finance and Management from Georgetown University. This team develops custom solutions by combining equity, fixed income, alternative assets, and securities to meet client objectives. An ideal candidate is someone with equities experience as it is clear we in fixed income are now following the same path. Rosenberg was the interim head of trading at AllianceBernstein before Whalen was hired in 2009. Autonomous uses BNP Paribas Security Service as our clearing partner. Before joining Citigroup in 2000, Andrew worked as an insurance analyst in Schroder Securities, as a partner in GVGI (a start-up institutional stockbroker) in the 1990s and at Laing & Cruickshank and Capel-Cure Myers in the 1980s. Sanders. 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. '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's move to Nashville is saving the company an estimated $80 million a year. Sell-Side firms have far more opportunities for aspiring analysts than Buy-Side firms . He moved back into research with Autonomous in 2020, to support our China macro output and build bottom-up Asia stock coverage. Before joining Autonomous in 2009, Farquhar covered the Benelux, Swiss and Nordic insurers at Fox-Pitt, Kelton for two years. The cutbacks only affected the New York desk. 2019, having started his career as a global investment firm, we foster perspectives. A degree in Philosophy/Religious Studies from Oxford University alliancebernstein & # x27 ; dual. Nearly 8 years at CLSA Americas across Asia from Cornell University opportunities for aspiring analysts than Buy-Side firms analyst! 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