now Chief Operating Officer and Chief Financial Officer;
Onur Erzan now Head of Global Client
Group and Head of Private Wealth
NASHVILLE, Tenn. , July 6, 2022
/PRNewswire/ -- AllianceBernstein Holding L.P. (NYSE: AB) and
AllianceBernstein L.P. ("AB"), a leading global investment
management and research firm, today announced new leadership
appointments for the firm.
Kate Burke has been appointed
Chief Financial Officer ("CFO"), effective immediately. She assumes
this role while maintaining her role as Chief Operating Officer
("COO"). Ms. Burke has stepped down from her role as Head of
Bernstein Private Wealth. Onur Erzan, AB's Head of Global Client
Group, has been appointed Head of Bernstein Private Wealth, in
addition to his Client Group role.
"The success of our firm is engrained in our ability to meet our
clients' needs, evolve, and identify areas to move the firm
forward," said AB President and CEO Seth
Bernstein. "This leadership transition further positions
AllianceBernstein to succeed in the future."
In her dual roles as COO and CFO, Ms. Burke will now oversee
Finance, Strategy, and Responsibility, while continuing oversight
of all corporate functions as COO. Ms. Burke succeeds interim CFO
Bill Siemers, who will return to his
prior role as Corporate Controller & Chief Accounting Officer
and remain on the firm's Operating Committee.
Mr. Erzan has been with the firm as Head of Global Client Group
since January 2021. Prior to joining
AB, he was at McKinsey & Company for more than 19 years, where
he was a senior partner and co-leader of McKinsey's Wealth
Management & Asset Management. Mr. Erzan will be responsible
for the entire Private Wealth Business, while continuing oversight
of Global Client Group, which includes the product and distribution
functions for AB's Institutional and Retail businesses.
These leadership changes take effect immediately. Ms. Burke will
remain in Nashville, and Mr. Erzan
will remain in New York City.
About AllianceBernstein (AB)
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. As of May 31,
2022, AllianceBernstein had $687
billion in assets under management. Additional information
about AB may be found on our website,