NEW YORK, Jan. 19, 2012 /PRNewswire/
-- AllianceBernstein Holding L.P. (NYSE: AB) and
AllianceBernstein L.P. today announced a series of senior executive
appointments that are effective as of March
1, 2012.
- Timothy Ryan, current Chief
Executive Officer of AllianceBernstein's Japan business, will become United Kingdom Chief Executive Officer, based
in London. He will also assume the role of Co-Head,
Europe, Middle East and Africa (EMEA), along with Richard Haxe, who currently leads
AllianceBernstein's client services, sales and marketing efforts
for the EMEA Client Group. Both Ryan and Haxe will report to
Robert Keith, AllianceBernstein's
Head of Institutional and Retail Client Services, Sales and
Marketing.
- Seiichiro Yamamoto, the current
Head of AllianceBernstein's Japan Client Group, will assume the
role of Chief Executive Officer of Japan, also reporting to Robert Keith.
- Katsuaki Ogata, current Chief
Investment Officer of Japan Value Equities and a member of
AllianceBernstein's Japan Board of
Directors, will become Chairman, and work closely with the Board to
provide guidance in Japan's
business activities. He will continue to report to
Sharon Fay, AllianceBernstein's Head
of Equities.
Robert Keith, AllianceBernstein's
Head of Institutional and Retail Client Services, Sales and
Marketing, said, "During his time with AllianceBernstein, Tim has
proven himself to be an adept business leader and a valuable
partner to both the distribution and investment teams. I am
confident that Tim will bring the same leadership acumen he
demonstrated as Japan CEO to all of our business-building efforts
in the UK and EMEA and produce the same impressive results.
Richard's field experience and unique ability to align with clients
give AllianceBernstein a leadership edge as he partners with Tim in
more effectively penetrating the competitive landscape."
Keith continued: "Seiichiro has successfully guided the Japan
Client Group through a variety of business cycles and challenges.
As a result, our Japan client
relationships are some of the strongest and most enduring in the
world. I have no doubt that as CEO he will take our
Japan business to the next level
by deepening the trust clients have in us in this important
geography. Under Katsuaki, we've built one of Japan's strongest value equities businesses
with a record of outperformance. I am certain that as Chairman, he
will continue to draw on his 16 years of experience with our firm
helping clients navigate the critical business issues facing
Japan."
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.
At December 31, 2011,
AllianceBernstein Holding L.P. owned approximately 37.9% of
the issued and outstanding AllianceBernstein Units and AXA, one of
the largest global financial services organizations, owned an
approximate 64.4% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on
our internet site, www.alliancebernstein.com.
SOURCE AllianceBernstein