AllianceBernstein Expands Municipal Bond Portfolio-Management Team
December 04 2009 - 11:20AM
PR Newswire (US)
NEW YORK, Dec. 4 /PRNewswire/ -- AllianceBernstein L.P. today
announced that Wayne Godlin has joined the firm as a member of its
municipal bond portfolio-management team. Mr. Godlin, who has
extensive investment expertise in both the investment-grade and
high-yield municipal markets, will help design and manage the
firm's municipal investment strategies and customized product
solutions to serve the needs of financial advisors and clients. "We
are pleased to have Wayne join our firm as we continue to enhance
and expand our municipal bond offerings," said Guy Davidson,
director of Municipal Fixed Income at AllianceBernstein. "His
experience further augments our portfolio-management team's ability
to provide municipal bond solutions to our clients." Mr. Godlin
joins the firm with more than 26 years of investment experience,
including 21 years with Morgan Stanley Investment Management, where
Mr. Godlin was head of the municipal bond team. Most recently, he
served as chief municipal strategist and as a portfolio manager for
the high-yield municipal fund at Van Kampen, an
investment-management unit of Morgan Stanley. Previously, he worked
with Hanifen, Imhoff in Denver, where he focused on structuring
financing plans for new-issue and refunding transactions. Mr.
Godlin also served as a municipal research analyst in public
finance with First Interstate Bancorp. 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, 2 of 2 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 September 30, 2009, AllianceBernstein Holding L.P. owned
approximately 34.9% of the issued and outstanding AllianceBernstein
Units and AXA, one of the largest global financial services
organizations, owned an approximate 64.1% economic interest in
AllianceBernstein. Cautions regarding Forward-Looking Statements
Certain statements provided by management in this news release are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are subject to risks, uncertainties, and other factors
that could cause actual results to differ materially from future
results expressed or implied by such forward-looking statements.
The most significant of these factors include, but are not limited
to, the following: the performance of financial markets, the
investment performance of sponsored investment products and
separately managed accounts, general economic conditions, industry
trends, future acquisitions, competitive conditions, and government
regulations, including changes in tax regulations and rates and the
manner in which the earnings of publicly traded partnerships are
taxed. We caution readers to carefully consider such factors.
Further, such forward-looking statements speak only as of the date
on which such statements are made; we undertake no obligation to
update any forward-looking statements to reflect events or
circumstances after the date of such statements. For further
information regarding these forward-looking statements and the
factors that could cause actual results to differ, see "Risk
Factors" and "Cautions Regarding Forward-Looking Statements" in our
Form 10-K for the year ended December 31, 2008 and Form 10-Q for
the quarter ended September 30, 2009. Any or all of the
forward-looking statements that we make in this news release, Form
10-K, Form 10-Q, other documents we file with or furnish to the
SEC, and any other public statements we issue, may turn out to be
wrong. It is important to remember that other factors besides those
listed in "Risk Factors" and "Cautions Regarding Forward-Looking
Statements", and those listed above, could also adversely affect
our revenues, financial condition, results of operations and
business prospects. DATASOURCE: AllianceBernstein L.P. CONTACT:
Philip Talamo, Investor Relations, +1-212-969-2383, , or John
Meyers, Media, +1-212-969-2301,
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