NEW YORK, Jan. 19,
2012/PRNewswire/ -- AllianceBernstein Holding
L.P. (NYSE: AB) and AllianceBernstein L.P. today announced
a series of senior executive appointments that are
effective as of March 1, 2012.
Timothy Ryan, current Chief Executive
Officer of AllianceBernstein's
Japanbusiness, will become United
KingdomChief Executive Officer, based in
London. He will also assume the role of Co-Head,
Europe, Middle Eastand
Africa(EMEA), along with Richard
Haxe, who currently leads AllianceBernstein's
client services, sales and marketing efforts for the EMEA
Client Group. Both Ryan and Haxe will report to
Robert Keith, AllianceBernstein's Head
of Institutional and Retail Client Services, Sales and
Marketing.
Seiichiro Yamamoto, the current Head of
AllianceBernstein's Japan Client Group, will assume
the role of Chief Executive Officer of
Japan, also reporting to Robert
Keith.
Katsuaki Ogata, current Chief Investment
Officer of Japan Value Equities and a member of
AllianceBernstein's JapanBoard of
Directors, will become Chairman, and work closely with
the Board to provide guidance in Japan's
business activities. He will continue to report to
Sharon Fay, AllianceBernstein's Head of
Equities.
Robert Keith, AllianceBernstein's Head of
Institutional and Retail Client Services, Sales and
Marketing, said, "During his time with
AllianceBernstein, Tim has proven himself to be an adept
business leader and a valuable partner to both the
distribution and investment teams. I am confident that Tim
will bring the same leadership acumen he demonstrated as
Japan CEO to all of our business-building efforts in the UK
and EMEA and produce the same impressive results.
Richard's field experience and unique ability to align
with clients give AllianceBernstein a leadership edge as he
partners with Tim in more effectively penetrating the
competitive landscape."
Keith continued: "Seiichiro has successfully guided
the Japan Client Group through a variety of business cycles
and challenges. As a result, our Japanclient
relationships are some of the strongest and most enduring
in the world. I have no doubt that as CEO he will
take our Japanbusiness to the next level by
deepening the trust clients have in us in this important
geography. Under Katsuaki, we've built one of
Japan's strongest value equities
businesses with a record of outperformance. I am certain
that as Chairman, he will continue to draw on his 16 years
of experience with our firm helping clients navigate the
critical business issues facing Japan."
About AllianceBernstein
AllianceBernstein is a leading global investment management
firm that offers high-quality research and diversified
investment services to institutional investors, individuals
and private clients in major world markets.
At December 31, 2011, AllianceBernstein
Holding L.P. owned approximately 37.9% of the issued
and outstanding AllianceBernstein Units and AXA, one of the
largest global financial services organizations, owned an
approximate 64.AllianceBernstein.
SOURCE AllianceBernstein
CONTACT: Andrea Prochniak, Investors, +1-212-756-4542,
andrea.prochniak@alliancebernstein.com; John Meyers, Media,
+1-212-969-2301, john.meyers@alliancebernstein.com
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AllianceBernstein Holding L.P. is a global investment management company. The Company provides diversified investment management, research, and related services to a range of clients. Its principal services include Institutional Services, Retail Services, Private Wealth Management Services and Bernstein Research Services. It offers Institutional Services to its institutional clients, which include private and public pension plans, foundations and endowments, insurance companies, central banks, and governments worldwide, and Equitable Holdings, Inc. (EQH) and its subsidiaries. Its retail services distribute retail products and services through financial intermediaries, including broker-dealers, insurance sales representatives, banks, registered investment advisors and financial planners. It offers Private Wealth Management services to its private clients, including high-net-worth individuals and families, trusts and estates, charitable foundations, partnerships, and other entities.