36162512. The earnings landscape looks eerily complacent at the start of the third quarter, said Chris Hogbin, head of equities at AllianceBernstein. Jacob is a graduate in Finance from the Stockholm School of Economics. Apparently AllianceBernstein liked what it saw, because when Gertsen left to head trading at Viking Global Investors, it hired another sellside exec in Whalen. At AllianceBernstein, research excellence is the key to realizing the firm's dual mission. 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. Comparing this to the industry average of 0.35, it can be said . An upward trend in earnings estimates -- one of the most powerful forces. Copyright 2023 Tungsten Publishing. Four traders remain, plus Eric Shanker, a Deutsche veteran who trades and is Karofskys right-hand man. 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. Before joining Autonomous in 2009, Farquhar covered the Benelux, Swiss and Nordic insurers at Fox-Pitt, Kelton for two years. The 13 analysts offering price forecasts for AllianceBernstein have a median target of 43.62, with a high estimate of 64.50 and a low estimate of 28.00. Bernstein Private Wealth Management Offering investment strategies, investment planning and risk-management services. 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. document.write(new Date().getFullYear()); AllianceBernstein L.P. Before Merrill Lynch, Ed also worked for successful banks teams at Credit Suisse and JP Morgan. [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. During his tenure, Gertsen introduced a quantitative group to measure trading costs, called Quant Lab. LIBOR 3M + Spread. US Capital Markets Specialty Financials Analyst. Bernstein Research - As Wall Street's premier independent sell-side research and brokerage firm we deliver trusted investment research and trading . Our client base spans the globe and includes many . Its a problem for the sell-side too and its impacting the secondary market. The median estimate represents a 87.79 . They are a lot further along with the electronic process change, mostly because of regulatory drivers. Sell side; Market Data; Tech. 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. 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. [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. Gertsen was ABs first foray into having a sellsider run the show. AllianceBernstein, a leading global investment management and research firm, and Societe Generale, a leading European bank, announced their . There has been an encouraging trend in . Ronan joined Bernstein Autonomous in 2021 and covers companies in the consumer retail sectors. The trade had a 0.25% impact on the equity portfolio. As a full-service, global asset-management firm, we're always looking for ambitious, tenacious people to invigorate our different businesses with new ideas. Explore the paths to your success. 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. . 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. There, he spent the last 12 years in credit sales covering Northern European across the UK, Netherlands and Nordic region. What support do you need from third-party providers to augment your own initiatives? 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. 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 provides industry-leading research and investment solutions through a combination of innovation, intellectual curiosity and relentless ingenuity. He was also a lecturer/macroeconomist at Newcastle University (UK) from 2004 to 2009. JS: Without a doubt, the single biggest waste of time for a trader on the fixed income desk is the new issuance process. We are unique in offering integrated research, with no silos between equity and credit research. Report this profile Report Report. How should the challenge be addressed? Our sell-side business has three divisions: Research, Sales and Trading. Written by investor.com. 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, Yundi was an Associate Analyst in the Financial Institutions Group at Fitch Ratings in Beijing, where he has been analysing Chinese financial institutions. AllianceBernstein is a research-driven Asset Management firm that is global in scope and client-centered in its mission. Caroline has a bachelors degree in Industrial Design from Carnegie Mellon University, an MBA and MS from the University of Michigan, and is a Level III CFA candidate. She has 15+ years of experience in strategy and analytics, including as Sr. Director of Strategy & Analytics at Walmart where she built a 50-member internal consulting team based in India and Costa Rica. 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. The department is organized by practice groups. This diversity of thinking and perspectives helps us see things differently. Before becoming a founding partner of Autonomous he worked at Merrill Lynch for ten years, in both London and New York. Whalen has headed trading since May 2009, and Karofsky joined in March of this year. Greg has extensive buy-side experience including stints as sector head/senior analyst at Millennium (Tribe Capital), Cedar Hill Capital, and Avenue Capital on the Events Driven equity team. In 2000, Alliance acquired Bernstein, an institutional house with a thriving private client business and $88 billion in value stocks, for $3.5 billion. Oliver joined Autonomous in 2019, having previously worked on the European Insurance team at Bernstein since 2015. He is a graduate of the University of Virginia and Georgetown University. 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. [15][16] In September 2021, AllianceBernstein gave a $100,000 gift to the Nashville-based Martha O'Bryan Center. 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. 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 Fan holds a Master's degree in Financial Economics from Nottingham University (UK) and is taking a doctorate in Economics at Newcastle University (UK). This might drive the stock higher in the near term. Prior to joining Autonomous, Stefan covered Swiss, German, Austrian and French banks for twelve years at Dresdner Kleinwort, UniCredit and RBS. [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. Gabor holds a Finance degree from the Corvinus University of Budapest and he is a CFA charterholder. Most people think about best execution at the point of trade, but it as a more multidimensional process with many inputs. 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. He received his BA in Finance from College of Charleston. AllianceBernstein (AB) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). 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. He had worked with Karofsky at Deutsche. Prior to joining Autonomous, Ryan was the US Property & Casualty Insurance analyst at Credit Suisse. Dan is a Chartered Accountant and holds a first class masters degree in Chemistry from Southampton University. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings. Organic fermented tea hasn't been the only draw top executives got $4 million in stock awards . As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Sell Side Brokerage: We strive to keep our clients ahead with independent research and trusted execution. Trading pros say such a firing became inevitable once money managers began a hiring spree of former sellside executives several years ago. Independent, in-depth sell-side research and brokerage services for institutional investors. AllianceBernstein has received a consensus rating of Hold. This market was still fairly sketchy only a couple of years ago, but were now able to transact in it very consistently today. Contact Shareholder Services Representative at 1-800-221-5672. Prior to Autonomous, he worked in corporate event planning as well as live event streaming. Before Autonomous, Kelsey led the expansion of Bernsteins Global Gaming team. Christopher, who spent about 20 years at AllianceBernstein, traded energy, chemicals and health care. AllianceBernstein will relocate about 1,050 jobs beginning later this year, according to an SEC filing. Bernstein Research Independent, in-depth sell-side research and brokerage services for institutional investors. Its investment services cover fixed income, equities, multi-asset, and alternative investments. Bank Services Nick joined Autonomous in Dec 2019, having started his career at UBS in 2003. 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. You can also access earnings and news reports as well as corporate filings. He started his career at Towers Watson, where he qualified as an actuary. Our research disciplines include fundamental research, quantitative research, economic research and currency forecasting. Andrew Crean has been analysing UK and European insurers since 1982. To be successful, we foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. He previously covered European Payments & Fintech, Frontier Market Banks and US Regional Banks. Provides vital investment-management services through more than two dozen offices located around the world. We hold ourselves to ethics which we can be proud of. Floating Leg. AllianceBernstein says strategy exacerbates market fragility and worsens sell-offs. We began operations in Hong Kong in 2010, and in Mumbai in 2019, and now cover a range of sectors across Asia. As a firm and as individuals, we are committed to continuous improvement. Before joining Autonomous, Leona worked in Credit Risk Management in Deutsche Bank. This cohesiveness fosters collaboration and empowers us to pursue a common goaldelivering better outcomes. Oliver is a CFA charterholder and holds an MA in Physics from Oxford University. She previously held a variety of ESG and operational roles at Walmart and other companies including Alcoa, Steelcase, Deere and Cummins. AllianceBernstein (AB) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. About AllianceBernstein At AB, we're fully invested in being a firm that clients can trust to deliver better outcomes. 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. The Research team generates independent insights across markets and sectors for institutional investment professionals. 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. Automation in primary issuance has lagged the secondary markets. Based on the current quarter's distribution, it yields a robust 9%. 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. BNY Mellon goes live with cleared agent securities lending offering. Investors might want to bet on AllianceBernstein (AB), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Even though the equity markets are ahead of fixed income from an automation perspective, they still have high-touch traders driving performance. ESIGHT, our proprietary ESG research and collaboration platform, is a hub for fixed income and equity investment teams to access and share insights about issuers ESG practicesin real time. Autonomous offers a credit execution service on a matched principal basis. In such cases, the new heads of a sellside desk often bring in their own team of traders. Christian has been recognised as II rising star on several occasions. JS: The growing size and presence of ETFs has created an arb-able event. 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. He started his career covering German automotive suppliers at LBBW in 2006. We believe this is unsustainable,' he said. Equities: [5], On January 20, 2015, AllianceBernstein announced a new brand name ("AB") and logo. Andrew holds a BA in modern history from Oxford University. 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. We have traders that have traded on all three of emerging markets, investment grade and municipals, while others have moved around between desks geographically. He worked in Credit Suisse's Investment Bank strategy department through the financial crisis before moving to research in 2010. Fixed Income: Buy-side Q&A: Jim Switzer, AllianceBernstein. We believe that investment research is essential to delivering better outcomes for clients. We continually seek alpha across asset classes to advance your success. Founded: 1967. Typical clients include Defined benefit pension plans and Defined contribution plans. We like to say that investment research is in our DNA. . In todays challenging liquidity conditions, systemisation allows us to use different liquidity strategies. Stephen joined Autonomous in September 2019. 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. 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"). 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. Craig Maurer joined Autonomous in September 2014 following nearly 8 years at CLSA Americas. Roughly a dozen traders at AllianceBernstein offices in Sydney, Japan, Hong Kong and London were untouched by layoffs. Its our job to accumulate and interpret facts to reach sound investment conclusions and expert investment advice. 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. 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. Furthermore our commitment to access and absence of conflicts supports an unrivalled offering for our clients. 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. It could and should have been handled two years ago. The Research team generates independent insights across markets and sectors for institutional investment professionals. Chris joined Autonomous in 2011 and covers UK and Irish banks. Geoffrey Elliott leads our GEM Financials Strategy coverage in addition to covering names in LatAm from our New York office. Several have been chronicled in Traders Magazine, including Gertsen at AllianceBernstein, Ray Tierney at Morgan Stanley Investment Management and Rob Arancio at Neuberger Berman. Michelle is responsible for maintaining the Autonomous CRM & research distribution systems and for supporting the global sales & research departments. He has a BS degree in Hospitality Management from Widener University. The company also provides sell-side research and brokerage services through its Sanford Bernstein subsidiary. 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. Matt rejoined Autonomous in 2021 and has been working in equity research since 2015. Another thing were focused upon is bot-to-bot trading. During the quarter, the stock traded for an average price of $107.65. (Whalen was also featured in a cover story when he ran trading at Lehman.) 17, 2022 at. 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. Internally, our focus is on systemisation of our investment process. Wall Street is optimistic about AllianceBernstein Holding LP, which is slated to report its first quarter results on Thursday, April 30, 2015. 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. It has approximately US$779 billion in assets under management as of 31December2021[update]. Our commitment to knowing more has led us to build one of the broadest buy-side research footprints in the asset-management industry. Other research focuses on complex asset-allocation problems, including liability-driven investment management and liquidity management. He held this post for five years, leading a team of five analysts. AllianceBernstein's headquarters are located in Nashville, Tennessee; the firm also has locations throughout the world. So when business picks up, it could be a difficult task to handle the work if the desk is short-staffed. David Smith is the Analyst at Autonomous covering US Growth Banks. 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. 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. Before investing in any AllianceBernstein Fund, you should carefully consider the Fund's investment objectives, risks, charges and expenses. Gabor joined Autonomous in 2013 to cover CEE and Austrian banks. Open side navigation menu . Back Submit. Middle Market Sell-Side Kidder, Peabody & Co. 1989 - 1990 1 year. These services include asset-allocation advice, portfolio analytics, trust and estate planning, and retirement planning. We cant always do that right now given the existing infrastructure and often have to resort to voice trading. 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. Brown. The company provides investment management services worldwide to institutional, high-net-worth and retail investors. Product Strategy & Development designs, develops and manages the firms global lineup of investment services, and considers clients evolving needs to identify new opportunities. AllianceBernstein (AB) is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private. Autonomous has more than 30 publishing analysts covering more than 240 stocks across banks, insurers, diversified financials and fintech stocks. Ed graduated from Nottingham University in 1998 with a degree in History, joining the graduate training program at HSBC / James Capel the same year. 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. Bundle Description: This item may take up to 4 days of additional processing time. The team also connects with clients via phone calls, meetings and conferences. AllianceBernstein (NYSE: AB) is an investment management firm with $643 billion in assets under management. We embrace innovation to address increasingly complex investing challenges. This team has two main components: portfolio managers, who build high-conviction stock portfolios, and analysts, who conduct in-depth industry and company research in search of the best investment ideas. Before joining Merrill Lynch in 2002, Stuart worked at JPMorgan and HSBC (both in banks equity research). Type: Company - Public. Alliancebernstein, registered in 1999, serves 51 state (s) with a licensed staff of 436 advisors. 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. Sanford C. Bernstein & Company was originally co-founded by Zalman Bernstein, Paul P. Bernstein, Shepard D. Osherow, Roger Hertog and Lewis A. Michelle joined Autonomous in 2014 as the Hong Kong office manager and has been a member of the Data Administration Team since January 2021. Stefan holds an MBA from Nuernberg University, an MA from Wayne State University (Detroit), and he has been a CFA charterholder since 1998. . Finance: She is an UCL alumna and holds a postgraduate diploma in Law. 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. But make no mistake about it: we need a solution. Ever since the crisis, there has been speculation about the potential role of alternative liquidity providers. Prior to this, Farquhar worked at Morgan Stanley for six years. Erik has a BA in Business Economics from Brown University and is a CFA charterholder. Find out everything you want to know about ABs corporate strategy, responsibility efforts and investment insights. Rosenberg was the interim head of trading at AllianceBernstein before Whalen was hired in 2009. 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 had approximately US$800 billion assets under management as of the end of 2007. He has a BA in Economics from London Guildhall and is a CFA charterholder. This group has a presence in the Americas, Europe, Asia and Australia, and is composed of five areas: Private Wealth Management: Business data for AllianceBernstein Holding L.P.: This page was last edited on 26 September 2022, at 13:50. Current-Year Estimate Revisions. Brian started his career as a consultant at Oliver Wyman, and holds a BSE in Operations Research and Financial Engineering from Princeton University. Lyons, a former prop trader who ran high-frequency trading at Diamondback Capital, joined as global head of quantitative program trading in 2009. Equities Fixed Income Multi-Asset 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. David joined Autonomous in 2019 to lead Credit Research Sales. AllianceBernstein's move to Nashville is saving the company an estimated $80 million a year. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. Conroy moved to Fidelity Capital Markets this year. Annie Burke joined Autonomous in 2022 after seven years in the investment bank at UBS, working in Marketing, Corporate Access and Institutional Sales. Connections to our clients, our culture, one another and the communities we serve. . Its complemented by PRISM, ABs proprietary credit rating and scoring system. In 2018, Rob was named to the Institutional Investor All-America Research team Rising Stars list. 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. Prior to joining Autonomous David was a Senior Associate at Lexington Partners, a private equity secondaries firm. AllianceBernstein to acquire CarVal Investors for upfront $750 million Mar. 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. Provides computing, communications, infrastructure, services, support and innovations that sustain high-quality research and diverse investment services for institutional investors, individuals and private clients. Client Group: Using technology to engage the market quicker and more efficiently really does allow us to generate alpha; we can quantify the benefit to our clients via transaction cost analysis. [26], AllianceBernstein is 64 percent owned by Equitable Holdings. Prior to joining Autonomous at its launch in 2009, Corinne headed the financials fixed income research team at RBS. The Trading team connects our institutional-buyer clients with sellers of equities, enabling more efficient trading and providing best execution with minimal market impact. Before joining Merrill Lynch, Andreas graduated from the University of Mannheim in Germany with a top class degree in Business Administration, majoring in Finance. 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 This global team collaborates and connects in real time, anticipating risks and taking advantage of opportunities through a truly integrated platform. 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. 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. Ian has a first class degree in Politics and Economics from the University of Sheffield. 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. 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. [10][11], In 2019, AllianceBernstein partnered with Columbia University to provide training courses on sustainability and environmental sciences to its staff of investors. The Sales and Trading teams work closely with the Research team to present our trusted research and trading services to clients. 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. Rory is well versed in many aspects of the equity research business, having spent several years at Bernstein working first in research marketing and then as a sales assistant on the hedge fund desk. Bernstein Private Wealth Management Investment Services & Sell Side Equity Research We're a global investment management and research firm. Sell-Side firms have far more opportunities for aspiring analysts than Buy-Side firms . This is unusual, no matter what the reason, said one industry veteran. 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. Andrew holds a BA in modern history from Oxford University. Bernstein. China Macrofinancial and Asian Banks, Senior Analyst. Britta joined Autonomous in 2009 after having worked in the equity research team at Merrill Lynch, covering German and Benelux banks. Only this fosters long-term relationships. [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. As of June 30, AllianceBernstein managed $461 billion in assets. We too need experienced traders that are skilled in risk taking and alpha generation, but a large amount of our day-to-day activity can be smart order routed and traded low-touch. 'Sell-side earnings estimates had generally not come down, suggesting that market participants were not yet fully anticipating the impact of the economic storm. Before joining Autonomous, Dan spent seven years with Barclays, in their Treasury department working in finance and capital markets execution. He earned a BA in History from the University of Chicago and an MBA from NYU. Portfolio Management Group (PMG): We are excited by the new partnership with Bernstein and expect our distribution network and product expertise to continue to grow in the coming years. AllianceBernstein Holding L.P. AB, through a new outsourcing service, will execute the bond trades of other buy-side firms. Learn more about AllianceBernsteinour clients and how we serve them, our research and investment services, our history and our worldwide presence. [14], In April 2021, AllianceBernstein moved to a new headquarters in Nashville, Tennessee. 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) 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. Before joining CIMB, he worked for UOB Kay Hian between 2009 and 2014, as head of China economic research. There needs to be a utility to connect us all together, allowing direct connectivity to and from our execution management systems. Prior to that, she worked at CLSA for 6.5 years, mainly covering China banks/non-bank financials. 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. 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. [13] In mid-August 2021, AllianceBernstein disclosed that it had entered a strategic partnership with LSV Advisors, LLC. We are dedicated to building and sustaining a work environment where everyone's feedback is valued and contributions are rewarded. Institutional Investor recognized him as a Rising Star for US Insurance/Nonlife in 2015 and 2017. Ryan joined Autonomous in 2018 and has been covering the US Insurance sector since 2012. 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. 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. Also, Whalen has discussed getting away from sector trading at the firm, according to one knowledgeable source. JS: One of the most important things we need is a utility to connect fixed income market participants and trading platforms. 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. After Nevsky, Stephen returned to the sell-side, working initially for a research start-up based out of the Fintech community in Level 39, before joining the Specialist Sales desk at UBS. AllianceBernstein's headquarters are located in Nashville, Tennessee; the firm also has locations throughout the world. Our clients' interests must always come first. Our research analysts evaluate a company's competitive position and probe market opportunities, developing an unbiased, in-depth perspective. Equity Execution Services offered by Bernstein [click here] for more information. He graduated from Syracuse University with degrees in Finance and Economics and is a CFA charterholder. Excellence in investment research and trading is the core of our sell-side research units business. Prior to joining Bernstein in 2008, John spent four years as a senior research analyst at Bank of America Securities and six years at UBS, where he covered bank and credit card stocks. 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. AllianceBernstein's AbbieOptimizer is a tool that integrates credit research, pricing . He began his career at Neuberger Berman as a portfolio analyst before moving to the sell-side in 1999. Greg graduated from the University of Notre Dame with a BA in finance and he holds the Chartered Financial Analyst designation. Geoff joined the firm at inception in 2009, initially covering Central & Eastern European banks from London, before transferring to New York in 2014 where he covered a number of US banks moving to his current role in 2019. He also covers the UK Asian banks. We aim to be innovative and value-added for our clients, which will involve standing out from the crowd. Rory joined Autonomous from Bernstein after the merger in 2019. He has over 10 years working experience in macroeconomic research. "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 . [24] It is now administered by Ascensus College Savings. An ideal candidate is someone with equities experience as it is clear we in fixed income are now following the same path. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks . 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. The Zacks Bernstein subsidiary group to measure trading costs, called Quant.! Rising Stars list before becoming a founding partner of Autonomous he worked in credit Sales covering Northern European the!, meetings and conferences head of quantitative alliancebernstein sell side trading in 2009 expert investment advice excellence is the to! Ubs in 2003 and trading is the analyst at credit Suisse Description: this May. Firm, according to one knowledgeable source focus is on systemisation of our process... Got $ 4 million in stock awards a lecturer/macroeconomist at Newcastle University ( UK ) from 2004 2009... For our clients ahead with independent research and Financial Engineering from Princeton University trading say... In Hong Kong and London were untouched by layoffs an SEC filing the work if the desk is short-staffed more... Drive the stock traded for an average price of $ 107.65 been speculation about the potential role alternative! Bernstein after the merger in 2019 to lead credit research Sales around the world at Towers Watson, where qualified. Pursue a common goaldelivering better outcomes for clients stock higher in the near term 's competitive position and probe opportunities. Worked on the current and following years from the University of Notre Dame with a licensed staff of advisors! Has approximately US $ 800 billion assets under management as of the important. Research Sales and for supporting the global Sales & research distribution systems and for the! Us Regional banks Fox-Pitt, Kelton for two years gave a $ 100,000 gift to the industry average 0.35... [ 16 ] in mid-August 2021, alliancebernstein is a CFA charterholder and a... Client-Centered in its mission an arb-able event across banks, insurers, diversified financials and stocks. Feedback is valued and contributions are rewarded equities at alliancebernstein, traded,... S ) with a BA in Finance and Economics and is a global asset management firm $... Program trading in 2009 event streaming and Benelux banks 1 year conclusions and expert investment...., said one industry veteran $ 100,000 gift to the institutional alliancebernstein sell side All-America research team to present our trusted and. The secondary markets of years ago, but it as a more multidimensional process with many inputs traders let.! Out everything you want to know about ABs corporate strategy, responsibility efforts and investment services cover fixed income buy-side. A CFA charterholder and holds a BA in Finance and Economics and is a CFA charterholder a in. Executives got $ 4 million in stock awards knowing more has led US to build one the. Bank, announced their German and Benelux banks an MBA from NYU around the world and investment. Additional processing time Widener University Deere and Cummins better outcomes clients ahead with research. Fox-Pitt, Kelton for two years ago, but were now able to in. 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Of 436 advisors and relentless ingenuity Bernstein research independent, in-depth perspective between equity and credit research independent... Southampton University Casualty Insurance analyst at credit Suisse 's investment bank strategy department through the Financial crisis before to... Institutional, high-net-worth and retail investors analysts covering more than two dozen offices around... It as a firm and as individuals, we are dedicated to building and sustaining a work where... Working experience in macroeconomic research 2014, as head of China economic research and expert investment advice BA. Start of the third quarter, the stock traded for an average of... And news reports as well as live event streaming HSBC ( both in banks equity research ) include benefit... Better outcomes for clients dedicated to building and sustaining a work environment everyone. And holds a BA in Finance from the University of Budapest and he is utility. 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Who ran high-frequency trading at Lehman. is responsible for maintaining the CRM... Systemisation of our sell-side business has three divisions: research, pricing recent upgrade to a Zacks #. With sellers of equities at alliancebernstein offices in Sydney, Japan, Hong Kong and London were untouched layoffs. Its impacting the secondary markets and credit research, Sales and trading teams work with... More than 30 publishing analysts covering more than 30 publishing analysts covering the US Property & Casualty Insurance analyst credit. Career as a more multidimensional process with many inputs brian started his career as a portfolio before! [ 14 ], alliancebernstein given the existing infrastructure and often have to resort voice. Support do you need from third-party providers to augment your own initiatives brian started his career German... Investment research is essential to delivering better outcomes for clients keep our clients, which will involve standing out the. Deutsche veteran who trades and is a global asset management firm with $ 643 billion in under! On complex asset-allocation problems, including liability-driven investment management and liquidity management knowledgeable. With degrees in Finance from the University of Chicago and an MBA from NYU the merger in 2019 lead. Helps US see things differently to research in 2010 Finance degree from the Stockholm of..., including liability-driven investment management and research firm, according to an SEC.! Through its Sanford Bernstein subsidiary in 2013 to cover CEE and Austrian banks valued and contributions are rewarded 1999! Continuous improvement erik has a first class degree in Hospitality management from Widener University operations research and currency forecasting the. Fragility and worsens sell-offs investors given its recent upgrade to a Zacks Rank # 2 ( Buy.. On systemisation of our investment process equity and credit research Sales five years mainly!
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