Thomas Wright Joins Sanford C. Bernstein as Head of Global Trading NEW YORK, Aug. 10 /PRNewswire/ -- Sanford C. Bernstein & Co., LLC today announced that Thomas R. Wright has joined the firm as senior vice president and head of global trading. He will report directly to Lisa Shalett, chief executive officer of the firm. "We are delighted to have Tom on board," said Ms. Shalett. "He brings a level of intelligence, credibility and client focus that is truly distinctive in the world of equity trading. His leadership and energy will go a long way in enhancing our world-class sales and trading businesses." Mr. Wright joins Bernstein after spending 10 years with Merrill Lynch, most recently as head of U.S. equity trading and sales trading. Before that, he managed the firm's European equity trading and sales trading business. Prior to joining Merrill Lynch, Mr. Wright spent eight years as a NASDAQ salestrader at Goldman Sachs. Mr. Wright holds a B.S. in economics and finance from Boston College and an M.B.A. from New York University. Sanford C. Bernstein & Co., LLC, is the institutional research services group of Alliance Capital Management L.P. The firm provides in-depth fundamental research, portfolio strategy, execution and brokerage services. DATASOURCE: Sanford C. Bernstein & Co., LLC CONTACT: Investor Relations: Valerie Haertel, +1-212-969-6414, , or Media: John Meyers, +1-212-969-2301, , both for Sanford C. Bernstein & Co., LLC

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