NASHVILLE, Tenn.,
Dec. 12,
2023 /PRNewswire/ -- AllianceBernstein L.P. ("AB"), a
leading global investment firm with $696
billion in assets under management, today announced that
AB's Head of Equities Chris Hogbin will assume a newly created role
of Global Head of Investments, effective January 1, 2024. In his new role, Mr. Hogbin
will be responsible for AB's public-market businesses—Equity, Fixed
Income, Multi Asset and Hedge Fund Solutions, Investment Solutions
and Sciences, along with the firm's Responsibility team. By the end
of 2024, he will expand his mandate to include AB's Private
Alternatives business.
Nelson Yu, a 26-year AB veteran
with nearly 30 years of global equity markets investment
experience, will succeed Mr. Hogbin as Head of Equities.
"AB's success depends on our ability to evolve, and we
continually aim to ensure that we are well-positioned to meet our
clients' needs and watch for opportunities to drive the firm
forward and progress our top talent," said AB President and CEO
Seth Bernstein. "The new position
will help create a stronger investment organization for our
clients."
Under his remit, Mr. Hogbin will seek to drive investment
performance across asset classes by finding opportunities to
develop, deploy and retain talent across the investment
organization, fostering greater collaboration and sharing of best
practices, leveraging a common infrastructure, and evaluating
opportunities to invest in capabilities that deliver better
outcomes for clients.
Mr. Hogbin is an 18-year AB veteran who brings extensive
experience and a global perspective to this role. He joined the
firm in 2005 as a senior analyst in the institutional research
business before becoming Director of Research for Europe and Asia. In 2018, Chris was named Chief
Operating Officer of Equities as part of the firm's succession
plan. In 2019, he was promoted to Co-Head of Equities, becoming
Head of Equities in 2020.
"I am delighted to be taking on this new role," said
Chris Hogbin. "At AB, we're
fortunate to have seasoned teams, clear philosophies, and rigorous
processes across our investment business units. I look forward to
bringing these together and leading the team of incredibly
experienced professionals. I am excited for what 2024 will
hold."
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 wealth clients in major world markets. As
of November 30, 2023,
AllianceBernstein had $696 billion in
assets under management. Additional information about AB may be
found on our website, www.alliancebernstein.com.
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SOURCE AllianceBernstein