Richard Fellinger joined Autonomous in 2019 and has been working in equity research since 2015. We continually seek alpha across asset classes to advance your success. Alex joined AB Bernstein in July 2014 after having spent 4 years in an IR Advisory role at Ipreo. Four traders remain, plus Eric Shanker, a Deutsche veteran who trades and is Karofskys right-hand man. Several have been chronicled in Traders Magazine, including Gertsen at AllianceBernstein, Ray Tierney at Morgan Stanley Investment Management and Rob Arancio at Neuberger Berman. AllianceBernstein, a leading global investment management and research firm, and Societe Generale, a leading European bank, announced their . Financial Planning & Analysis is responsible for the annual budgeting process, long-term financial forecasts and strategic plans, and providing analytical support to our business units. Corinne started her career in branch banking at NatWest on a graduate programme which soon specialised on credit and the financial sector. We do not take positions to ensure full independence of our research offering and use our distribution networks globally. We are dedicated to building and sustaining a work environment where everyone's feedback is valued and contributions are rewarded. Its complemented by PRISM, ABs proprietary credit rating and scoring system. 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. Gregs wall street career started in equity research at Goldman Sachs covering financials and telecom services. Discover an area of AB that may be a good fit for you. 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. He began his career at JP Morgan, working in both private banking and equity research. Research is not simply a priority for AllianceBernstein, it is part of what defines us and distinguishes our firm. Finance: We use cookies on this site to enhance your user experience. This might drive the stock higher in the near term. JS: The growing size and presence of ETFs has created an arb-able event. Prior to joining Autonomous at its launch in 2009, Corinne headed the financials fixed income research team at RBS. As a global investment firm, we foster diverse perspectives and embrace innovation to help our clients navigate the uncertainty of capital markets. In todays challenging liquidity conditions, systemisation allows us to use different liquidity strategies. Dan is a Chartered Accountant and holds a first class masters degree in Chemistry from Southampton University. Fan holds a Master's degree in Financial Economics from Nottingham University (UK) and is taking a doctorate in Economics at Newcastle University (UK). One example is the concept of portfolio trading. Business data for AllianceBernstein Holding L.P.: This page was last edited on 26 September 2022, at 13:50. There needs to be a utility to connect us all together, allowing direct connectivity to and from our execution management systems. 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. US Payments & FinTech Senior Research Associate. Operations: Whalen is joined by a large list of sellside heavyweights who have moved to the buyside in recent yearsmostly from the bulge bracket. Founded: 1967. 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. Andrew holds a BA in modern history from Oxford University. Save. Ever since the crisis, there has been speculation about the potential role of alternative liquidity providers. Rachel started her career in 1994 at a small stock brokers in New York, followed by three years at Tate & Lyle supporting the FD. No Reproduction Without Prior Authorizations. The traders relieved of their duties were Dave Christopher, Lauren Knight, Luke Lyons and Dave Steigerwald. This global team collaborates and connects in real time, anticipating risks and taking advantage of opportunities through a truly integrated platform. Middle Market Sell-Side Kidder, Peabody & Co. 1989 - 1990 1 year. The cutbacks only affected the New York desk. "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 . 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. Sales & Client Services works with financial advisors and institutions to offer diversified investment solutions that help clients build and preserve their wealth. He holds a degree in English from Cambridge University. Human Capital: 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. Contact Shareholder Services Representative at 1-800-221-5672. Prior to joining Autonomous, Stefan covered Swiss, German, Austrian and French banks for twelve years at Dresdner Kleinwort, UniCredit and RBS. Portfolio Management Group (PMG): 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. Buy-side Q&A: Jim Switzer, AllianceBernstein. AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth. (Whalen was also featured in a cover story when he ran trading at Lehman.) JS: Without a doubt, the single biggest waste of time for a trader on the fixed income desk is the new issuance process. Autonomous Research aims to be the leading research provider on financial companies globally. Before Autonomous, Kelsey led the expansion of Bernsteins Global Gaming team. On the sellside, it is common practice for new management to change personnel when it takes over. This team partners across our businesses and regions to align our people initiatives with our strategic priorities. Stefan holds an MBA from Nuernberg University, an MA from Wayne State University (Detroit), and he has been a CFA charterholder since 1998. He has a BA in Economics from London Guildhall and is a CFA charterholder. Andreas joined Autonomous at its launch in 2009. There, he spent the last 12 years in credit sales covering Northern European across the UK, Netherlands and Nordic region. 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. He previously worked for RBS and the Financial Services Authority. Prior to that, she worked at CLSA for 6.5 years, mainly covering China banks/non-bank financials. True to form, her performance at the Manhattan firm was a roller-coaster ride. 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. 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. 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. Whalen has headed trading since May 2009, and Karofsky joined in March of this year. He moved back into research with Autonomous in 2020, to support our China macro output and build bottom-up Asia stock coverage. He is a CFA charterholder and graduated from the University of Michigan, with a degree in Economics. She received a Bachelor of Science from Clemson University and holds a certificate in Marketing Strategy from Cornell Johnson Graduate School of Management. Youdish is a Chartered Accountant and holds a degree in International Business, Finance and Economics from Manchester University. The . AllianceBernstein (AB) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. Prior to this, Andrew was on the sell-side as a member of the European insurance equity research team led by Andrew Crean at Citigroup. Prior to that, he was an equity research associate at Janney Montgomery Scott covering REITs and an equity analyst at First Eagle Investment Management's family office. Ian has a first class degree in Politics and Economics from the University of Sheffield. Prior to Autonomous, he spent three years at Capital One Financial in the Corporate Development team, leading M&A transactions and strategic partnerships. LIBOR 3M + Spread. Prior to founding Autonomous in 2009, Stuart was the head of European banks equity research at Merrill Lynch. 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. 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. We seek to marry the big picture macro and thematic trends with bottom up stock picking we are not a think tank. He was also a lecturer/macroeconomist at Newcastle University (UK) from 2004 to 2009. Alliancebernstein, registered in 1999, serves 51 state (s) with a licensed staff of 436 advisors. David joined Autonomous in 2019 to lead Credit Research Sales. Bank Services Autonomous offers a credit execution service on a matched principal basis. Internally, our focus is on systemisation of our investment process. Andrew holds a BA in modern history from Oxford University. 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. So when business picks up, it could be a difficult task to handle the work if the desk is short-staffed. Artist: Leonard Bernstein. Where do your priorities lie in terms of optimising AllianceBernsteins fixed income trading operations? Using our bot, Abbie, were in beta testing with a number of sell-side firms to enable bot-to-bot smart order routing, where the trade is sent to the sell-side firm and is automatically routed either to an algo or for risk pricing based in the information Abbie sends with the trade. Christopher, who spent about 20 years at AllianceBernstein, traded energy, chemicals and health care. . David holds a BA in Economics from Yale with distinction and a MBA from Columbia Business School. We embrace innovation to address increasingly complex investing challenges. Its a problem for the sell-side too and its impacting the secondary market. Prior to joining Autonomous in 2017, Maeshal was at JPMorgan for 5 years on their corporate development team, where he worked with C-suite management on strategic planning. 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. Written by investor.com. Chen joined Autonomous in September 2014. Conroy moved to Fidelity Capital Markets this year. Leona joined Autonomous in 2012 and works on European banks strategy. Comparing this to the industry average of 0.35, it can be said . AllianceBernstein's two top trading executives are both former sellsiders. Chris joined Autonomous in 2011 and covers UK and Irish banks. 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. Discover potential paths to advance your career at AB. He received his Bachelor of Arts with a major in Economics from Middlebury College and is a CFA charterholder. 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. . We pursue responsibility at all levels of the firmfrom how we work and act to the solutions we deliver to clients. Other sellside execs who have gone to large buyside shops include Brian Conroy at Fidelity Investments and Michael Gitlin at T. Rowe Price. Before joining Autonomous in 2009, Farquhar covered the Benelux, Swiss and Nordic insurers at Fox-Pitt, Kelton for two years. Business Transformation looks to evolve and scale our business, leveraging digital and data, to drive top-line growth and improve profitability. Insurance. This team develops custom solutions by combining equity, fixed income, alternative assets, and securities to meet client objectives. 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. 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. We have traders that have traded on all three of emerging markets, investment grade and municipals, while others have moved around between desks geographically. She received her Bachelor degree in Economics from University of International Business and Economics (UIBE) in China and Master in Public Administration (MPA) from Maxwell School of Syracuse University in the US. AllianceBernstein is a research-driven Asset Management firm that is global in scope and client-centered in its mission. 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. He began his career at Neuberger Berman as a portfolio analyst before moving to the sell-side in 1999. Patrick Whalen, a former Lehman Brothers and Morgan Stanley pro, heads global trading, and Robert Karofsky, a former Deutsche Bank and Morgan Stanley exec, runs global equity trading. Prior to joining Autonomous, Greg was the global financials long/short equity PM at Highbridge Capital. These services include asset-allocation advice, portfolio analytics, trust and estate planning, and retirement planning. Excellence in investment research and trading is the core of our sell-side research unit's business. E . 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. 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"). Our sell-side business has three divisions: Research, Sales and Trading. We embrace innovation to address increasingly complex investing challenges. 17, 2022 at. Before joining CPPIB Hayley worked at Nomura for five years in the Fixed Income FX Business Management Team. It has approximately US$498 billion in assets under management as of June 30, 2017. Offering investment strategies, investment planning and risk-management services. 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. According to Bank of America Global Research, AllianceBernstein ( NYSE: AB) is a financial services firm with a large asset management business in addition to a captive private wealth platform. AllianceBernstein L.P., A global asset management company, based in New York, USA, is a subsidiary company of a famous French insurance company, AXA. 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. Equity Execution Services offered by Bernstein [click here] for more information. The team also connects with clients via phone calls, meetings and conferences. 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