YORK, April 17, 2023 /PRNewswire/ -- Bernstein
Private Wealth Management (Bernstein), a unit of AllianceBernstein
L.P. (NYSE: AB), announced today the appointment of Alex Chaloff as Chief Investment Officer (CIO),
Head of Investment and Wealth Strategies. Mr. Chaloff is
responsible for directing the $113
billion Bernstein platform.
In his role, Mr. Chaloff will lead a national team of
strategists across investments and wealth planning, including asset
allocation advice, investment platform oversight, model portfolio
construction, new product development, manager research, tax
planning and solutions, and estate planning research. He will be
responsible for Bernstein's investment partnerships and other
outside managers across traditional and alternative asset
"In his 18 years at Bernstein Private Wealth, Alex has become a
well-known, highly-respected industry veteran, demonstrating a
track record of success in managing – and helping to grow – the
investment platform for our Private Wealth clients across the
country," said AllianceBernstein President and CEO, Seth Bernstein.
Mr. Chaloff joined Bernstein Private Wealth Management in 2005
and was named Head of Alternative Asset Strategies in 2017. In
2020, he was named Co-Head of Investment Strategies, and in 2022
was named Co-Head of Investment and Wealth Strategies. As an
industry research leader, Mr. Chaloff constructed a leading-edge
Alternative Asset Allocation quantitative framework for the Private
Wealth business and authored several whitepapers focused on
alternative asset allocation advice. Mr. Chaloff has also led the
significant expansion of the Private Wealth Management investment
platform, launching several new investment strategies over the last
10 years for clients.
"Under Alex's investment leadership, Bernstein Private Wealth
has successfully evolved into the investment manager we are today,"
said Head of Bernstein Private Wealth and AB Global Client Group
Onur Erzan. "Alex has a passion for our firm and culture, and his
strong commitment to our clients is continuously reflected in his
investment decisions and asset allocation advice."
Beata Kirr, previously the
Co-head of Investment & Wealth Strategies, is departing the
firm to pursue her passion for direct impact investing. "We
celebrate Beata's many contributions to the firm over her 16-year
career with Bernstein, including leadership of our Purpose Driven
platform and our Women & Wealth programming," added Erzan.
"We wish Beata great success in the next chapter of her career, as
she departs to focus fully on the launch of a new impact
investing alternative manager."
Bernstein Private Wealth Management
advises ultra-high- and high-net-worth clients on planning for—and
living with—the complexities that come with significant wealth.
Bernstein is distinguished among major wealth managers by its
expertise in navigating life's transitions through a holistic
approach. A flexible process—paired with innovative research,
sophisticated modeling, and cutting-edge investment solutions—also
set Bernstein apart. Headquartered in Nashville, Bernstein is a business unit of
AllianceBernstein, which ranks among the largest investment
managers in the world, with offices in major world markets across
26 countries and jurisdictions and over $676
billion in assets under management. For additional
information visit Bernstein.com.
AllianceBernstein (AB) 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
across 26 countries and jurisdictions. As of March 31, 2023, AB had $676 billion in assets under management.
Additional information about AB may be found on our website,
Bernstein Private Wealth Management
SOURCE Bernstein Private Wealth Management