AllianceBernstein

Overview: AllianceBernstein is a leading global investment management and investment research firm, headquartered in New York. AllianceBernstein is a publicly-traded partnership, with a majority ownership stake held by AXA Financial. AllianceBernstein has these principal lines of business:

  • Mutual funds
  • Section 529 college savings plans
  • Retirement planning products
  • Separately managed accounts
  • Pension funds & institutional investments
  • Wealth management for individuals
  • Institutional research

Job Openings: See this list of current job openings.

Size: AllianceBernstein reports these figures as of September 30, 2008:

  • Employees = 5,660
  • Investment professionals = 500
  • Assets under management = $590 billion
  • Operations in 25 countries
  • Offices in 47 cities
  • Individual client relationships = 4.2 million
  • U.S. mutual funds = 37
  • Non-U.S. mutual funds = 39
  • Institutional client relationships = 1,770
  • Serves 53 of the Fortune 100 companies
  • Serves public pension funds in 37 states

Positives: AllianceBernstein is a highly-repected name in investment management and investment research, with over 40 years of company history.

Negatives: While AllianceBernstein is still strongly profitable in an absolute sense, it suffered a decline of over 33% from 2007 to 2008.

AllianceBernstein CEO Peter S. Kraus previously was head of business strategy at troubled Merrill Lynch, forced out by that firm’s new owners, Bank of America.

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