NEW YORK, March 31, 2011 /PRNewswire/ -- AllianceBernstein
today announced that Craig Lombardi
has joined the firm as Managing Director—Defined Contribution
Investment Only (DCIO) Sales. In his role, Craig will be
responsible for leading the firm's DCIO sales team who cover
intermediaries, such as financial advisors and consultants, and
work with regional salespeople from the retirement platforms where
AllianceBernstein funds are included.
"Craig's experience in sales management and knowledge of the
Defined Contribution (DC) market makes him well-positioned to bring
the distribution of our DC products and services in the
intermediary space to the next level," says Joel R. Stevens II, Senior Managing Director—The
Americas, AllianceBernstein Institutional Investments.
Craig is a 20 year veteran of Fidelity Investments Institutional
Services Inc., where he was the former National
Sales Manager of the Institutional Insurance Platform Variable
Annuity and Defined Contribution sales teams, amongst other
roles.
"Because the DC business continues to be a priority for the
firm, we are bolstering our resources in this area as we experience
continued growth in both our assets under management and the range
of products we offer," says Thomas J.
Fontaine, Head of AllianceBernstein Defined Contribution
Investments (ABDC). "The addition of Craig Lombardi, a leader in the DC industry,
underscores our commitment to meeting the needs of our DC
clients."
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
clients in major world markets.
As of December 31, 2010,
AllianceBernstein Holding L.P. owned approximately 37.8% of the
issued and outstanding AllianceBernstein Units and AXA, one of the
largest global financial services organizations, owned an
approximate 61.4% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on
our website, www.alliancebernstein.com.
©2011 AllianceBernstein L.P.
SOURCE AllianceBernstein