Bank Services 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. She previously held a variety of ESG and operational roles at Walmart and other companies including Alcoa, Steelcase, Deere and Cummins. Zacks tracks individual sell-side analyst estimates and creates a consensus EPS estimates. In such cases, the new heads of a sellside desk often bring in their own team of traders. 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. At AllianceBernstein, research excellence is the key to realizing the firm's dual mission. Its complemented by PRISM, ABs proprietary credit rating and scoring system. Our ambition is to offer best in class coverage of global financials. Only this fosters long-term relationships. Bernstein. Both Gertsen and Tierney have since moved back to their sellside rootsGertsen to Citi and Tierney to Bloomberg Tradebook. 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. Richard Fellinger joined Autonomous in 2019 and has been working in equity research since 2015. He graduated from Syracuse University with degrees in Finance and Economics and is a CFA charterholder. Bernstein Private Wealth Management Investment Services & Sell Side Equity Research We're a global investment management and research firm. Other sellside execs who have gone to large buyside shops include Brian Conroy at Fidelity Investments and Michael Gitlin at T. Rowe Price. Equity Execution Services offered by Bernstein [click here] for more information. He had worked with Karofsky at Deutsche. He was ranked 11th and 13th best China Economist in Asiamoney Brokers Poll 2014 and 2016. [14], In April 2021, AllianceBernstein moved to a new headquarters in Nashville, Tennessee. Prior to joining Autonomous, Stefan covered Swiss, German, Austrian and French banks for twelve years at Dresdner Kleinwort, UniCredit and RBS. European Payments & FinTech, Senior Analyst. It also requires support from the top: senior management has made it very clear we should strive for innovation and efficiency. We embrace innovation to address increasingly complex investing challenges. I believe there is a willingness on the sell-side to come up with a digitised solution. As a global investment firm, we foster diverse perspectives and embrace innovation to help our clients navigate the uncertainty of capital markets. 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. Rahul joined Autonomous in 2022, and covers the FinTech sector. Prior to that, she worked at CLSA for 6.5 years, mainly covering China banks/non-bank financials. ALLIANCEBERNSTEIN L.P. reduced their investment in NYSE:NKE by 5,318,582 shares. 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. In 2001, Ms. Wood joined AllianceBernstein, where she oversaw a respectable $5 billion in assets at her peak. Revenue: $1 to $5 billion (USD) Competitors: Unknown. We aim to be innovative and value-added for our clients, which will involve standing out from the crowd. He began his career at Neuberger Berman as a portfolio analyst before moving to the sell-side in 1999. About . AllianceBernstein Holding L.P. (AB Quick Quote AB - Free Report) , through a new outsourcing service, will execute the bond trades of other buy-side firms.The move was announced by James Switzer . AB is also trading well below its 52-week high of $57.54, as seen below. 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. This cohesiveness fosters collaboration and empowers us to pursue a common goaldelivering better outcomes. AllianceBernsteins two top trading executives are both former sellsiders. Our firm was founded in the U.S. in 1967 and in the U.K. in 1999. Before Autonomous, Kelsey led the expansion of Bernsteins Global Gaming team. The . Insurance. Its our job to accumulate and interpret facts to reach sound investment conclusions and expert investment advice. 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. AllianceBernstein's headquarters are located in Nashville, Tennessee; the firm also has locations throughout the world. Prior to founding Autonomous in 2009, Andrew was the head of European insurance equity research at Citigroup. We continually seek alpha across asset classes to advance your success. Find out everything you want to know about ABs corporate strategy, responsibility efforts and investment insights. CarVal is a leading global private alternatives investment manager with approximately $14.3 billion in assets under management ("AUM") (1 . 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. 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. Marketing promotes the firm and its services by creating, packaging and distributing content and messaging to engage diverse audiences through digital platforms and initiatives, strategic campaigns, and events. 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. He holds a degree in English from Cambridge University. 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 . AllianceBernstein's move to Nashville is saving the company an estimated $80 million a year. AB Bernstein: Sell Side Brokerage: We strive to keep our clients ahead with independent research and trusted execution. By Chris Hall. Richard has significant experience on the sell-side having worked at Bernstein, Credit Suisse, and BMO Capital Markets where he covered various sectors including brokers, asset managers, exchanges, consumer finance, machinery and diversified manufacturing stocks. We embrace innovation to address increasingly complex investing challenges. Rather than telling us what theyre trying to get done, they ask us what were trying to get done. [26], AllianceBernstein is 64 percent owned by Equitable Holdings. He worked in Credit Suisse's Investment Bank strategy department through the financial crisis before moving to research in 2010. One school of thought is that it is hard to imagine a desk not being impacted with that many traders let go. Multi-Asset Solutions team's clients include retirement plan sponsors, insurance companies, retail investors and high-net-worth individuals. The city of Bethlehem is not backing down on its bid to buy three churches and a parking lot in the city, officials said Tuesday. 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. JS: The growing size and presence of ETFs has created an arb-able event. As of June 30, AllianceBernstein managed $461 billion in assets. 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. Jacob is a graduate in Finance from the Stockholm School of Economics. Available Monday through Friday from 8:30 a.m. to 6:30 p.m. Learn more on AB's analyst rating history. We do not take positions to ensure full independence of our research offering and use our distribution networks globally. He was also a lecturer/macroeconomist at Newcastle University (UK) from 2004 to 2009. Stefan holds an MBA from Nuernberg University, an MA from Wayne State University (Detroit), and he has been a CFA charterholder since 1998. Were agnostic to the solution and are willing to listen to the syndicate desks. Whalen has headed trading since May 2009, and Karofsky joined in March of this year. The department is organized by practice groups. Industry sentiment is that there will be new hires to replace the departed tradersbut for different reasons. The earnings landscape looks eerily complacent at the start of the third quarter, said Chris Hogbin, head of equities at AllianceBernstein. We are unique in offering integrated research, with no silos between equity and credit research. Roughly a dozen traders at AllianceBernstein offices in Sydney, Japan, Hong Kong and London were untouched by layoffs. 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,. 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. The median estimate represents a 87.79 . He has over 10 years working experience in macroeconomic research. In 2000, Alliance acquired Bernstein, an institutional house with a thriving private client business and $88 billion in value stocks, for $3.5 billion. [19], AllianceBernstein provides investment services for institutions. . 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. Its important to have diverse experience on the trading desk. David joined Autonomous in 2019 as a Senior Research Associate covering US Large-Cap Banks, Regional Banks, and Credit Cards. Equity Leg. The Sell-Side refers to firms that issue, sell, or trade securities, and includes investment banks, advisory firms, and corporations. Organic fermented tea hasn't been the only draw top executives got $4 million in stock awards . 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. Save. Prior to joining the firm in 2009, Geoff worked at Fox-Pitt, Kelton and Citigroup. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks . We like to say that investment research is in our DNA. We cant always do that right now given the existing infrastructure and often have to resort to voice trading. He holds a BSc in Economics from the LSE and a Masters in Finance from LBS. Innovative solutions for global clients ranging from individual investors to the worlds largest institutions. . 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. Open side navigation menu . Prior to joining Autonomous he worked in the Financial Stability Directorate at the Bank of England, focusing on the design of the stress-testing and capital frameworks for banks. Michelle is responsible for maintaining the Autonomous CRM & research distribution systems and for supporting the global sales & research departments. She graduated with a first class degree from the University of Exeter in Economics, French and Spanish and received Deans commendation for academic excellence. 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 group supports the global portfolio-management teams by authorizing and executing portfolio decisions. Rachel started her career in 1994 at a small stock brokers in New York, followed by three years at Tate & Lyle supporting the FD. [13] In mid-August 2021, AllianceBernstein disclosed that it had entered a strategic partnership with LSV Advisors, LLC. January 12, 2023. [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. 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. Our asset-management business has additional dimensions, but it is from research that all else flows. Comparing this to the industry average of 0.35, it can be said . Institutional Investor recognized him as a Rising Star for US Insurance/Nonlife in 2015 and 2017. Middle Market Sell-Side Kidder, Peabody & Co. 1989 - 1990 1 year. 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. AllianceBernstein to acquire CarVal Investors for upfront $750 million Mar. Also, Whalen has discussed getting away from sector trading at the firm, according to one knowledgeable source. By clicking OK you are giving consent for us to set cookies. Bernstein Private Wealth Management Offering investment strategies, investment planning and risk-management services. Driven by distinctive research insights and investment discipline, we provide a range of strategies for specific objectives and time horizons to meet the needs of our diverse client base. Business Transformation looks to evolve and scale our business, leveraging digital and data, to drive top-line growth and improve profitability. Price Target Upside/Downside. Artist: Leonard Bernstein. Sanford C. Bernstein & Company was originally co-founded by Zalman Bernstein, Paul P. Bernstein, Shepard D. Osherow, Roger Hertog and Lewis A. 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. The team also connects with clients via phone calls, meetings and conferences. 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. Whalen has headed trading since May 2009, and Karofsky joined in March of this year. 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. Prior to that, he spent two years in Merrill Lynch's Investment Banking analyst program. 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. Before becoming a founding partner of Autonomous he worked at Merrill Lynch for ten years, in both London and New York. Our sell-side business has three divisions: Research, Sales and Trading. 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Michelle is responsible for maintaining the Autonomous CRM & research departments working in equity research at Citigroup embrace... Job to accumulate and interpret facts to reach sound investment conclusions and expert investment advice alliancebernstein sell side independence our. Advisors, LLC are located in Nashville, Tennessee ; the firm, we diverse! Untouched by layoffs Nashville is saving the company an estimated $ 80 million year. At Citigroup to Citi and Tierney have since moved back to their sellside rootsGertsen to Citi and Tierney since... Between equity and credit research the LSE and a Masters in Finance from the crowd investment research is in DNA... Sell-Side analysts covering the stock through a consensus EPS estimates acquire CarVal investors for upfront $ 750 million.. Also has locations throughout the world we foster diverse perspectives and embrace innovation to address increasingly investing... 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