AllianceBernstein

AllianceBernstein, initially known as Alliance Capital, was founded in 1967. It was set up as a leading global investment management firm that brings together investment capabilities from the United States and Europe. The original mission was to provide fund management and various investment solutions for institutions and individuals across the globe.

In October 2000, Alliance Capital acquired Sanford C. Bernstein, a move that significantly bolstered its research capabilities and led to the creation of a unified investment company known today as AllianceBernstein. The acquisition combined Alliance's global asset management strengths with Bernstein's sell-side research expertise, creating a powerful entity in the investment management industry.

Amidst the global financial crisis in November 2008, AllianceBernstein's CEO Lewis Sanders resigned as the firm grappled with significant client withdrawals and declining asset values. Sanders' departure marked a turning point as AllianceBernstein had to navigate one of the toughest periods in the financial markets while seeking to reassure investors and stabilize its operations.

In May 2017, Seth Bernstein was appointed as the CEO of AllianceBernstein, bringing with him a wealth of experience from the banking industry. His leadership was seen as pivotal in reshaping the company's strategy, focusing on increased client engagement, digital transformation, and expanding global research capabilities to better serve institutional and individual clients.

AllianceBernstein announced in 2018 its decision to move its corporate headquarters from New York City to Nashville, Tennessee. This move was part of an effort to reduce costs and to establish a more central location in the United States. The relocation included the shifting of corporate functions and many employees, affecting the company's operations and local job markets.

In July 2020, AllianceBernstein announced an expansion of its Environmental, Social, and Governance (ESG) strategies, emphasizing the firm's commitment to responsible investing. The expansion included new products and incorporated ESG considerations across various investment strategies to address growing client demand for sustainable investment solutions.

In September 2021, AllianceBernstein announced a joint venture with French banking giant Societe Generale, aiming to strengthen its presence in the European equity capital market. This strategic alliance sought to leverage SocGen's deep market access and AB's robust research and investment management capabilities to offer enhanced services to clients across regions.

In April 2022, AllianceBernstein launched Bernstein Autonomous LLP, a London-based company focusing on independent broker services. This launch marked a significant expansion of AllianceBernstein's sell-side research and trading services, aiming to provide clients with enhanced research insights and differentiated trading solutions, reinforcing its presence in the European and UK markets.

In January 2023, AllianceBernstein completed the acquisition of CarVal Investors, a prominent alternative investment management firm. This acquisition was part of AB's efforts to strategically expand into alternative investment areas and strengthen its position in global asset management. The move added significant assets under management and expertise in private credit and real assets.

In June 2023, AllianceBernstein announced a collaboration with MSCI to enhance its climate research capabilities. The partnership focuses on integrating MSCI's advanced climate data with AllianceBernstein's investment expertise to create superior ESG investment solutions for their clients. This reflects AB's dedication to supporting climate action through its investment practices.