Prior to joining Autonomous, Greg was the global financials long/short equity PM at Highbridge Capital. By clicking OK you are giving consent for us to set cookies. The subject matter division of labor for the Legal & Compliance department's practice groups is currently as follows: AB Bernstein: Both Gertsen and Tierney have since moved back to their sellside rootsGertsen to Citi and Tierney to Bloomberg Tradebook. But make no mistake about it: we need a solution. AllianceBernstein says strategy exacerbates market fragility and worsens sell-offs. AB Stock Price Trend (Seeking Alpha) Sell side analysts expect a respectable 9.9% EPS growth this year (average of 4 . 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. Oliver is a CFA charterholder and holds an MA in Physics from Oxford University. His view is that buyside traders should be more like sales traders in how they service their portfolio managers, relying on the sellside for market insight from its specialists or sector traders. 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. Andrew Crean has been analysing UK and European insurers since 1982. Brian co-founded the Autonomous Research US business in 2012 and has since covered all aspects of the banking sector, currently leading coverage of US Regional Banks. Please see our Privacy Notice for more information on how we use cookies. Before joining Merrill Lynch, Andreas graduated from the University of Mannheim in Germany with a top class degree in Business Administration, majoring in Finance. [15][16] In September 2021, AllianceBernstein gave a $100,000 gift to the Nashville-based Martha O'Bryan Center. Before Autonomous, Kelsey led the expansion of Bernsteins Global Gaming team. He previously worked on the US Life Insurance team. Our research disciplines include fundamental research, quantitative research, economic research and currency forecasting. The move was announced by James Switzer, global head of the company's . The aim is to look at baskets of risk in a similar way and be able to trade multiple portfolios at the same time. Prior to that he spent five years with KPMG in London, initially in their audit division covering investment banks and subsequently moving to KPMG's corporate finance practice. Technology; Cyber security; Advances in Tech; Notices and Calendars. In 2006 and 2008, Craig was named to the Wall Street Journals Best on the Street ranking, and the Financial Times ranking in 2008 and 2013. Before joining Merrill Lynch in 2002, Stuart worked at JPMorgan and HSBC (both in banks equity research). Prior to joining Autonomous, Ryan was the US Property & Casualty Insurance analyst at Credit Suisse. 36162512. Whether youre a global institution, financial advisor or high-net-worth individual, were committed to being your most valued partner. . He holds a BA in History from Brown University and a post-graduate degree in Philosophy/Religious Studies from Oxford University. AllianceBernstein's AbbieOptimizer is a tool that integrates credit research, pricing . AllianceBernstein ( AB 0.03%), an asset manager, outperformed its competitors in the first six months of 2021 with a return of 38%, according to S&P Global Market Intelligence. Sales & Client Services works with financial advisors and institutions to offer diversified investment solutions that help clients build and preserve their wealth. In 2018, Rob was named to the Institutional Investor All-America Research team Rising Stars list. Ken joined Autonomous in 2016 and has been covering the Payments and Fintech sector. Current-Year Estimate Revisions. Internally, our focus is on systemisation of our investment process. We like to say that investment research is in our DNA. This group has a presence in the Americas, Europe, Asia and Australia, and is composed of five areas: Private Wealth Management: Others help our portfolio managers to construct better portfolios. 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. He has a BS degree in Hospitality Management from Widener University. Prior to joining Autonomous, Erik was the US life insurance analyst for Citigroup. JS: Without a doubt, the single biggest waste of time for a trader on the fixed income desk is the new issuance process. He began his career at Neuberger Berman as a portfolio analyst before moving to the sell-side in 1999. 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. On 11/16/2022, Nike Inc traded for a price of $105.23 per share and a market cap of $164.64Bil. AllianceBernstein Holding L.P. Analyst Report: AllianceBernstein Holding L.P. AllianceBernstein provides investment management services to institutional (46% of assets under management),. As a firm and as individuals, we are committed to continuous improvement. Before joining Autonomous, he spent six years at Concorde Securities in Budapest, where he covered CEE stocks. [6], In February 2018, a senior research analyst of the firm, Paul Gait,[7] defined the Democratic Republic of Congo (DRC) a country rich in cobalt, which is essential to the lithium-ion batteries that drive electric vehicles as economically "the Saudi Arabia of the electric vehicle age. The trade had a 0.25% impact on the equity portfolio. He holds a BSc in Economics from the LSE and a Masters in Finance from LBS. They are a lot further along with the electronic process change, mostly because of regulatory drivers. 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. Steigerwald joined in May 2008 as a sector trader, after spending most of his career at Deutsche Bank and its predecessor BT Alex. [2], Alliance Capital was founded in 1971 when the investment-management department of Donaldson, Lufkin & Jenrette, Inc. merged with the investment-advisory business of Moody's Investor Services, Inc.[3]. Gabor joined Autonomous in 2013 to cover CEE and Austrian banks. Before becoming a founding partner of Autonomous he worked at Merrill Lynch for ten years, in both London and New York. AllianceBernstein declined to comment. We believe that investment research is essential to delivering better outcomes for clients. The Price and Consensus chart displays the company's stock price along with the consensus estimate. 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. Apparently AllianceBernstein liked what it saw, because when Gertsen left to head trading at Viking Global Investors, it hired another sellside exec in Whalen. He earned a BA in History from the University of Chicago and an MBA from NYU. Chris joined Autonomous in 2011 and covers UK and Irish banks. Sell Side Brokerage: We strive to keep our clients ahead with independent research and trusted execution. AB is the Founding Member of the Corporate Affiliate Program at the newly launched Columbia Climate School and has partnered with Columbia Universitys Earth Institute to develop a Climate Science and Investing curriculum. The cutbacks only affected the New York desk. Prior to joining Autonomous, he spent four years at RBC Capital Markets with the Alternative Assets Group. This market was still fairly sketchy only a couple of years ago, but were now able to transact in it very consistently today. Rachel has been with Autonomous since the companys beginnings in 2009, initially as office manager before moving to corporate access full time. UPC: 8436563181948. To be successful, we foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. 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. Several have been chronicled in Traders Magazine, including Gertsen at AllianceBernstein, Ray Tierney at Morgan Stanley Investment Management and Rob Arancio at Neuberger Berman. AB is also trading well below its 52-week high of $57.54, as seen below. Equity Execution Services offered by Bernstein [click here] for more information. [10][11] AllianceBernstein has offices in 46 locations across 22 countries. Jacob is a graduate in Finance from the Stockholm School of Economics. Josh joined Autonomous in 2019 after 13 years at Citi Research. Britta started her career in investment banking in 2001, working in Citigroup's Financial Institutions Group. At AB, were fully invested in being a firm that clients can trust to deliver better outcomes. He received his Bachelor of Arts with a major in Economics from Middlebury College and is a CFA charterholder. AllianceBernstein Holding L.P. AB, through a new outsourcing service, will execute the bond trades of other buy-side firms. She is an UCL alumna and holds a postgraduate diploma in Law. Investors might want to bet on AllianceBernstein (AB), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Whalen is joined by a large list of sellside heavyweights who have moved to the buyside in recent yearsmostly from the bulge bracket. This department is responsible for all legal, regulatory and corresponding compliance matters affecting our firm and the business we conduct throughout the world. We embrace innovation to address increasingly complex investing challenges. She has served as manager on a variety of operations-related projects. Autonomous uses BNP Paribas Security Service as our clearing partner. According to analysts' consensus price target of $40.25, AllianceBernstein has a forecasted upside of 3.1% from its current price of $39.03. Equities Fixed Income Multi-Asset We continually seek alpha across asset classes to advance your success. Prior to UBS she held similar positions at Deutsche Bank, Bank of America Merrill Lynch, and The Royal Bank of Scotland. Were looking for driven, collaborative people with new ideas. Bernstein Private Wealth Management Offering investment strategies, investment planning and risk-management services. An upward trend in earnings estimates -- one of the most powerful forces. He has a BA in Economics from London Guildhall and is a CFA charterholder. Stefan joined Autonomous in July 2012 and covers Swiss and French banks. Matt rejoined Autonomous in 2021 and has been working in equity research since 2015. OUR CULTURE Cultivating Diverse Perspectives At AB, we bring together people of many backgrounds. Christian joined Bernstein Autonomous in 2021 with a focus on high yield bond issuers from various industrial sectors. Jim Switzer, senior vice president and global head of fixed income trading at AllianceBernstein. Whalen has headed trading since May 2009, and Karofsky joined in March of this year. Automation in primary issuance has lagged the secondary markets. Also, Whalen has discussed getting away from sector trading at the firm, according to one knowledgeable source. Prior to joining RBS in 2001, Corinne led a team of insurance analysts at the rating agency Standard & Poor's where she worked for 6 years. Other research focuses on complex asset-allocation problems, including liability-driven investment management and liquidity management. 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. AllianceBernstein to acquire CarVal Investors for upfront $750 million Mar. Some quantitative tools help our fundamental analysts improve their forecast accuracy. As a global investment firm, we foster diverse perspectives and embrace innovation to help our clients navigate the uncertainty of capital markets. Our sell-side business has three divisions: Research, Sales and Trading. Ed graduated from Nottingham University in 1998 with a degree in History, joining the graduate training program at HSBC / James Capel the same year. SUBSCRIBE FOR TRADERS MAGAZINE EMAIL UPDATES, BlackRock Poised for Growth in Fixed Income, Broadways Dan Romanelli Elected President ofthe Security Traders Association of Chicago, Sell-side Clearing Firms Overhaul Margin Processes in Wake of Volatility, BoA Delivers Strong Q4 Results; Well Positioned for 2023, Brokers See Challenges Ahead To Meet Sponsored Access Mandates, Carolina Security Traders Association 35th Annual Conference, Eventus Closes Record Year, Plans to Enhance Validus Platform, ON THE MOVE: LedgerEdge Makes Senior Hires; MarketAxess Promotes Chris Concannon. Independent, in-depth sell-side research and brokerage services for institutional investors. 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. Sell-Side firms have far more opportunities for aspiring analysts than Buy-Side firms . The team also connects with clients via phone calls, meetings and conferences. Human Capital: He started his career as an Equity Analyst at Merrill Lynch, covering EMEA Banks, before moving to Nevsky Capital, where he spent over a decade, a period during which he ran a long only book in Latin America, as well as generating long/short ideas for the hedge fund. He began his career at the Federal Reserve Bank of Atlanta in their supervision and regulation department. Craigs coverage of the payment processing and speciality finance industries began in 2003, prior to which he covered mid-cap banks. CarVal is a leading global private alternatives investment manager with approximately $14.3 billion in assets under management ("AUM") (1 . Prior to Autonomous, he worked in corporate event planning as well as live event streaming. We want our research to define thought leadership about current conditions and emerging trends. 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,. Patrick holds a BBA in Finance & Accounting from Southern Methodist University's Cox School of Business. But several sources said they had never before seen a buyside trading desk take a divot that deep in one shot, losing four tradersnearly half the tradersthere. Our ambition is to offer best in class coverage of global financials. Caroline has a bachelors degree in Industrial Design from Carnegie Mellon University, an MBA and MS from the University of Michigan, and is a Level III CFA candidate. How should the challenge be addressed? So when business picks up, it could be a difficult task to handle the work if the desk is short-staffed. He was ranked 11th and 13th best China Economist in Asiamoney Brokers Poll 2014 and 2016. We are excited by the new partnership with Bernstein and expect our distribution network and product expertise to continue to grow in the coming years. Autonomous Research aims to be the leading research provider on financial companies globally. The group supports the global portfolio-management teams by authorizing and executing portfolio decisions. In 2000, Alliance acquired Bernstein, an institutional house with a thriving private client business and $88 billion in value stocks, for $3.5 billion. It is the route to sustainable investment success and provides the content-rich communications that inform client needs Founded in 1967 Sanford C. Bernstein Alliance Capital Management Amy looks after Research Product Sales Globally in both the Asset Manager (long-only, hedge fund, wealth management) and Non-Asset Management (Consultants, Corporates) client categories and is a relationship manager. Amy joined Autonomous in Nov 2016 having previously been a Specialist Salesperson in the Technology Sectors for three Investment Banks. He began his career at JP Morgan, working in both private banking and equity research. Farquhar holds a MA Honours degree in Economics from Cambridge University. This is unusual, no matter what the reason, said one industry veteran. In PRISM, analysts develop and share views on issuers fundamentalsincluding ESGin a consistent, comparable and quantifiable way across industries, ratings categories and geographies. Portfolio Management Group (PMG): 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. He also covers the UK Asian banks. 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. Prior to that, he spent two years in Merrill Lynch's Investment Banking analyst program. Furthermore our commitment to access and absence of conflicts supports an unrivalled offering for our clients. The quality of our network informs and enriches our research product and ideas. She has 15+ years of experience in strategy and analytics, including as Sr. Director of Strategy & Analytics at Walmart where she built a 50-member internal consulting team based in India and Costa Rica. 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