NEW YORK, Aug. 15, 2018 /PRNewswire/
-- AllianceBernstein L.P. ("AB"), a leading global investment
firm with $546 billion in assets
under management, today announced Zachary
Green has joined as Global Head of Liquidity Sales. In this
newly created role, Green will be responsible for overseeing the
sales, marketing, product development and commercialization of AB's
cash management business globally.
"With nearly 40 years of history in the institutional money fund
business, AB is committed to being a trusted partner and consultant
to help cash managers meet their liquidity needs," said
Douglas Peebles, Chief Investment
Officer of Fixed Income at AB. "Particularly in today's volatile
environment, we believe liquidity management strategies will become
even more critical for investors seeking better returns and
stability in their asset allocation. Zak brings more than two
decades of distinct experience and track record serving the
institutional market, and we're confident that our team and clients
will benefit greatly from his expertise."
Prior to joining AB, Green worked at Western Asset Management
for more than 10 years as a product specialist and client service
executive, helping to oversee sales, marketing and product
development for the company's $100
billion-dollar suite of liquidity products. Previously, he
was managing director and head of Institutional Sales &
Marketing at Reserve Management, where he started the company's
institutional business and grew it to over $80 billion in assets in less than six years. The
inventor and holder of two rules-based trading patents, Green began
his career at Lehman Brothers and Deutsche Bank. He holds a BS in
industrial and labor relations from Cornell
University.
AB, then known as Alliance Capital, launched its first money
fund in 1978, and ranked among the top 15 mutual fund sponsors in
the 1990's and early 2000's. In 2005, the firm sold its money fund
business to Federated Investors. Over the past decade, AB began
efficiently managing internal cash, and created the AB Government
Money Market Portfolio (AEYXX). The firm currently manages
approximately $280 billion in total
fixed-income assets.
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.
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SOURCE AllianceBernstein L.P.