NEW YORK, Aug. 13, 2018 /PRNewswire/ -- AllianceBernstein
L.P. ("AB"), a leading global investment firm with $540 billion in assets under management, today
announced it has joined a growing coalition pledging to advance
diversity and inclusion in the workplace. As a member of the CEO
Action for Diversity & Inclusion™ ("CEO Action"), AB and its
President and CEO, Seth Bernstein,
are committed to cultivating a workplace where diverse perspectives
and experiences are welcomed, and where employees feel encouraged
to discuss diversity and inclusion.
"At AB, we are utterly committed to protecting our values and
ensuring diversity and inclusion are part of the fabric of our
organization. And as CEO, accountability begins and ends with me. I
am proud to be a part of the collective CEO Action and I look
forward to leading the advancement of our firm's diversity and
inclusion initiatives," said Seth Bernstein, AB President and
CEO.
AB joins the coalition of more than 400 signatories, who share
best practices, exchange tangible learning opportunities, and
initiate collaborative conversations about diversity and inclusion
via the initiative's unified hub, CEOAction.com.
In recent years, AB has focused on both developing diverse
talent and increasing senior leadership accountability firmwide
through dedicated internal and external efforts. The firm currently
offers nearly a dozen leadership development programs and employee
resource groups (ERGs) that aim to serve people from traditionally
underrepresented populations, and promote the professional
development of diverse talent across the firm. AB has also
implemented recruitment processes that enable more effective access
to diverse candidates, including partnerships with academic
institutions such as Historically Black Colleges and Universities
(HBCUs), and organizations like Out for Undergrad, the Center for
Talent Innovation and others, to recruit from diverse groups
throughout the U.S.
For three consecutive years in 2016, 2017 and 2018, AB has
earned a perfect score of 100% on the Human Rights Campaign
Foundation's Corporate Equality Index and been designated as a
"Best Place to Work for LGBT Equality," reflecting the firm's deep
commitment to lesbian, gay, bisexual, and transgender (LGBT)
workplace equality, with respect to tangible policies, benefits,
and practices.
"We invest time and resources to ensure that diversity and
inclusion are truly an integral part of our firm's DNA – its who we
are, how we think, and how we act," said Janessa Cox-Irvin, Head of Diversity &
Inclusion at AB. "We've had a productive few years and look forward
to creating even more growth and change in this space in the years
to come."
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.
In May 2017, AXA S.A. ("AXA")
announced its intention to pursue the sale of a minority stake in
AXA Equitable Holdings, Inc. ("Equitable"; NYSE: EQH) through an
initial public offering (the "IPO"). On May
14, 2018, Equitable completed the IPO and AXA owns
approximately 71.9% of the outstanding common stock of
Equitable.
As of June 30, 2018, including
both the general partnership and limited partnership interests in
AllianceBernstein, AllianceBernstein Holding owned approximately
35.9% of AllianceBernstein and Equitable, directly and through
various subsidiaries, owned an approximate 64.7% economic interest
in AllianceBernstein.
Additional information about AB may be found on our website,
www.alliancebernstein.com.
About CEO Action for Diversity & Inclusion™
CEO
Action for Diversity & Inclusion™ is the largest CEO-driven
business commitment to advance diversity and inclusion within the
workplace. Bringing together more than 400 CEOs of America's
leading organizations, the commitment outlines actions that
participating companies pledge to take to cultivate a workplace
where diverse perspectives and experiences are welcomed and
respected, employees feel comfortable and encouraged to discuss
diversity and inclusion, and where best known—and
unsuccessful—actions can be shared across organizations. Learn more
at CEOAction.com and connect with us on Facebook: CEO Action for
Diversity & Inclusion and Twitter: @CEOAction.
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SOURCE AllianceBernstein L.P.