AllianceBernstein Joins Employees in Fundraising Drive For Haiti
January 20 2010 - 3:40PM
PR Newswire (US)
NEW YORK, Jan. 20 /PRNewswire-FirstCall/ -- AllianceBernstein
Holding L.P. (NYSE:AB) and AllianceBernstein L.P. today announced
that the firm has committed up to $500,000 to aid the victims of
the earthquake in Haiti. "The devastation of an impoverished nation
is a calamity that requires nothing short of a global response,"
said Peter S. Kraus, Chairman and CEO of AllianceBernstein. "Many
of our employees have voiced a desire to help the victims in Haiti,
and the firm is teaming up with them in this cause."
AllianceBernstein's commitment includes a $50,000 donation to the
American Red Cross, and a $450,000 dollar-for-dollar special
matching gift program for employees who donate to select U.S.-based
charities providing relief to the people of Haiti. This is in
addition to a $50,000 donation previously submitted by the
AllianceBernstein Foundation. "By working together,
AllianceBernstein and its employees have the potential to raise up
to $1 million in donations to continue the relief efforts in Haiti
and help provide for both the immediate and long-term needs of the
country," said Mr. Kraus. About AllianceBernstein AllianceBernstein
is a leading global investment management firm that offers
high-quality research and diversified investment services to
institutional clients, individuals and private clients in major
markets around the world. AllianceBernstein employs more than 500
investment professionals with expertise in growth equities, value
equities, fixed income securities, blend strategies and alternative
investments and, through its subsidiaries and joint ventures,
operates in more than 20 countries. AllianceBernstein's research
disciplines include fundamental research, quantitative research,
economic research and currency forecasting capabilities. Through
its integrated global platform, AllianceBernstein is
well-positioned to tailor investment solutions for its clients.
AllianceBernstein also offers independent research, portfolio
strategy and brokerage-related services to institutional investors.
At December 31, 2009, AllianceBernstein Holding L.P. owned
approximately 36.9% of the issued and outstanding AllianceBernstein
Units and AXA, one of the largest global financial services
organizations, owned an approximate 62.1% economic interest in
AllianceBernstein. DATASOURCE: AllianceBernstein L.P. CONTACT:
Philip Talamo, Investor Relations, +1-212-969-2383, , or John
Meyers, Media, +1-212-969-2301, , both of AllianceBernstein L.P.
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