Jim Switzer, senior vice president and global head of fixed income trading at AllianceBernstein, talks to The TRADE about the firms approach to fixed income automation and augmenting the desks skill set. An upward trend in earnings estimates -- one of the most powerful forces. Prior to founding Autonomous in 2009, Ed worked at Merrill Lynch for the top ranked banks team alongside Autonomous co-founders Stuart Graham and Manus Costello. Before joining Citigroup Andrew worked as a UK and European insurance analyst at Fox-Pitt Kelton. He started his career covering German automotive suppliers at LBBW in 2006. There has been an encouraging trend in . The quality of our network informs and enriches our research product and ideas. [20], The retail part of AllianceBernstein provides financial professionals and individual investors with investments, research and tools that cover mutual funds, Managed Accounts, College Saving, Retirement Saving, and Insurance Services. To be successful, we foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights. Investors might want to bet on AllianceBernstein (AB), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). [10][11], In 2019, AllianceBernstein partnered with Columbia University to provide training courses on sustainability and environmental sciences to its staff of investors. Technology; Cyber security; Advances in Tech; Notices and Calendars. His view is that buyside traders should be more like sales traders in how they service their portfolio managers, relying on the sellside for market insight from its specialists or sector traders. How is the rise of passive investment vehicles changing the fixed income market? Business Development is a conduit to the firms investment teams and supports our clients and internal business partners through investment-platform and product content, messaging, competitive analysis, and education. We cant always do that right now given the existing infrastructure and often have to resort to voice trading. We seek to marry the big picture macro and thematic trends with bottom up stock picking we are not a think tank. Several have been chronicled in Traders Magazine, including Gertsen at AllianceBernstein, Ray Tierney at Morgan Stanley Investment Management and Rob Arancio at Neuberger Berman. password. Before Capital One, Rahul served technology and advanced industry clients at McKinsey & Company, and started his career at Rolls-Royce plc. Prior to that he was in Asian regional equity sales for four years with CIMB and RBS. "[8], AllianceBernstein and Fidelity Investments took control of supermarket Winn-Dixie's parent company during the latter's 2018 bankruptcy. You can also access earnings and news reports as well as corporate filings. Open side navigation menu . Bank Services In todays challenging liquidity conditions, systemisation allows us to use different liquidity strategies. Please see our Privacy Notice for more information on how we use cookies. Alastair joined Autonomous in late 2014 for its Asia launch, as financials specialist sales. AllianceBernstein Holding L.P. Analyst Report: AllianceBernstein Holding L.P. AllianceBernstein provides investment management services to institutional (46% of assets under management),. David holds a BA in Economics from Yale with distinction and a MBA from Columbia Business School. The median estimate represents a 87.79 . Total, the firm now has a staff of 10 involved in the trading function, down from 14. Yundi has an MS in Finance from Goldey-Beacom College and an MPA from University of Baltimore. She received her Bachelor degree in Economics from University of International Business and Economics (UIBE) in China and Master in Public Administration (MPA) from Maxwell School of Syracuse University in the US. Using our bot, Abbie, were in beta testing with a number of sell-side firms to enable bot-to-bot smart order routing, where the trade is sent to the sell-side firm and is automatically routed either to an algo or for risk pricing based in the information Abbie sends with the trade. JS: One of the most important things we need is a utility to connect fixed income market participants and trading platforms. AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $646 billion during December. Copyright 2023 Tungsten Publishing. Amy looks after Research Product Sales Globally in both the Asset Manager (long-only, hedge fund, wealth management) and Non-Asset Management (Consultants, Corporates) client categories and is a relationship manager. Before joining Autonomous in 2009, Farquhar covered the Benelux, Swiss and Nordic insurers at Fox-Pitt, Kelton for two years. The aim is to look at baskets of risk in a similar way and be able to trade multiple portfolios at the same time. According to analysts' consensus price target of $40.25, AllianceBernstein has a forecasted upside of 3.1% from its current price of $39.03. We embrace innovation to address increasingly complex investing challenges. Rosenberg, like Lyons and Steigerwald, was hired by a former Deutsche associate, Keith Gertsen, who ran trading at AllianceBernstein before Whalen. Our asset-management business has additional dimensions, but it is from research that all else flows. [18], In March 2022, it was announced that AllianceBernstein and AllianceBernstein Holding had acquired the Minneapolis headquartered CarVal Investors a global private alternatives investment manager. One example is the concept of portfolio trading. Ian joined Autonomous in 2016 to cover UK banks and speciality financials. Discover an area of AB that may be a good fit for you. Its a problem for the sell-side too and its impacting the secondary market. Prior to Bernstein, Kelsey worked at Deutsche Bank covering China cement and oilfield services. Roughly a dozen traders at AllianceBernstein offices in Sydney, Japan, Hong Kong and London were untouched by layoffs. AllianceBernstein says strategy exacerbates market fragility and worsens sell-offs. How should the challenge be addressed? For the full year, the company is expected to earn $2.81 per share, representing a year-over-year change of -27.76%. Right now, AllianceBernstein has an S/TA ratio of 2.39, which means that the company gets $2.39 in sales for each dollar in assets. How are you augmenting the skill set on your fixed income trading desk to ensure you trade effectively in an increasingly automated? Other research focuses on complex asset-allocation problems, including liability-driven investment management and liquidity management. This diversity of thinking and perspectives helps us see things differently. Where do your priorities lie in terms of optimising AllianceBernsteins fixed income trading operations? Prior to Autonomous, he worked in corporate event planning as well as live event streaming. (Whalen was also featured in a cover story when he ran trading at Lehman.) We want our research to define thought leadership about current conditions and emerging trends. Ever since the crisis, there has been speculation about the potential role of alternative liquidity providers. Business Transformation looks to evolve and scale our business, leveraging digital and data, to drive top-line growth and improve profitability. Earlier this year, Greg Rosenberg was also given his walking papers. In fixed income, weve had relatively little direct regulatory intervention, but we all recognise that to compete going forward we have to be able to do things in a much more efficient manner.This article was originally published in the FILS in Philly Today magazine, produced by The TRADE, which was distributed to attendees of this years Fixed Income Leaders Summit USA conference. David Smith is the Analyst at Autonomous covering US Growth Banks. Research is not simply a priority for AllianceBernstein, it is part of what defines us and distinguishes our firm. Nick joined Autonomous in Dec 2019, having started his career at UBS in 2003. [17], Columbia University partnered with AllianceBernstein in 2021 . Our Administrative Services team consists of real estate and lease administration, strategic space planning, design and construction offices, facilities operations, food and office services, and corporate travel. Before joining Merrill Lynch in 2002, Stuart worked at JPMorgan and HSBC (both in banks equity research). In 2000, Alliance acquired Bernstein, an institutional house with a thriving private client business and $88 billion in value stocks, for $3.5 billion. AllianceBernstein L.P., A global asset management company, based in New York, USA, is a subsidiary company of a famous French insurance company, AXA. About . Rather than telling us what theyre trying to get done, they ask us what were trying to get done. We offer in depth research and analysis, consistently leading the debate on key themes for stocks and markets. Prior to this, Farquhar worked at Morgan Stanley for six years. such as the private wealth management business and sell-side research and trading, will . Earlier in his career, he was a consultant with Orion Consultants, advising the capital markets arms of investment banks. Explore the paths to your success. He is a CFA charterholder and graduated from the University of Michigan, with a degree in Economics. What support do you need from third-party providers to augment your own initiatives? The department is organized by practice groups. He was also a lecturer/macroeconomist at Newcastle University (UK) from 2004 to 2009. Kelsey holds a BA in Business Administration from Hong Kong University of Science and Technology, where she graduated in the top 1% of her class. There needs to be a utility to connect us all together, allowing direct connectivity to and from our execution management systems. Technology: Erik joined Autonomous in 2016 and has been covering the US life insurance sector since 2005. Copyright 2022, Sanford C. Bernstein & Co., LLC, Bernstein Autonomous LLP, Sanford C. Bernstein (Hong Kong) Limited , Sanford C. Bernstein (India) Private Limited, and Sanford C. Bernstein (Singapore) Private Limited, subsidiaries of AllianceBernstein L.P. All rights reserved. Prior to joining Autonomous in 2016, Brian worked in equity research at Barclays covering emerging technologies across the US and Europe. Available Monday through Friday from 8:30 a.m. to 6:30 p.m. Other sellside execs who have gone to large buyside shops include Brian Conroy at Fidelity Investments and Michael Gitlin at T. Rowe Price. Before investing in any AllianceBernstein Fund, you should carefully consider the Fund's investment objectives, risks, charges and expenses. He was ranked 11th and 13th best China Economist in Asiamoney Brokers Poll 2014 and 2016. Prior to joining RBS in 2001, Corinne led a team of insurance analysts at the rating agency Standard & Poor's where she worked for 6 years. Bernstein Research - As Wall Street's premier independent sell-side research and brokerage firm we deliver trusted investment research and trading . Craigs coverage of the payment processing and speciality finance industries began in 2003, prior to which he covered mid-cap banks. Patrick holds a BBA in Finance & Accounting from Southern Methodist University's Cox School of Business. Industry: Investment & Asset Management. We focus on the higher beta areas of the market including AT1, distressed and illiquid securities across financials, corporates and emerging markets. Rory is well versed in many aspects of the equity research business, having spent several years at Bernstein working first in research marketing and then as a sales assistant on the hedge fund desk. Driven by distinctive research insights and investment discipline, we provide a range of strategies for specific objectives and time horizons to meet the needs of our diverse client base. He graduated from Syracuse University with degrees in Finance and Economics and is a CFA charterholder. True to form, her performance at the Manhattan firm was a roller-coaster ride. [14], In April 2021, AllianceBernstein moved to a new headquarters in Nashville, Tennessee. Most people think about best execution at the point of trade, but it as a more multidimensional process with many inputs. Buy-side Q&A: Jim Switzer, AllianceBernstein, BNY Mellon goes live with cleared agent securities lending offering, I just felt the timing was right: BlackRock shakes up its global trading team, Fireside Friday with Optivers Lotte de Vos, Cboe Clear Europe becomes first non-UK CCP to receive permanent UK recognition. She received a Bachelor of Science from Clemson University and holds a certificate in Marketing Strategy from Cornell Johnson Graduate School of Management. Andreas joined Autonomous at its launch in 2009. But make no mistake about it: we need a solution. The group combines macro and quantitative research insights to construct innovative investment products and drive investment decisions. Morgan Stanley for six years of investment banks need from third-party providers to augment own! Japan, Hong Kong and London were untouched by layoffs for the full year, Rosenberg. German automotive suppliers at LBBW in 2006 security ; Advances in Tech ; Notices and Calendars the big picture and... For the sell-side too and its impacting the secondary market your priorities lie in terms of optimising fixed! Be able to trade multiple portfolios at the point of trade, but it as a more process! Mid-Cap banks both in banks equity research at Barclays covering emerging technologies across us. Impacting the secondary market to earn $ 2.81 per share, representing a change! Point of trade, but it is part of what defines us and distinguishes our.... Nordic insurers at Fox-Pitt Kelton to be successful, we foster a,. Have to resort to voice trading untouched by layoffs the existing infrastructure and often have to resort voice! 10 involved in the trading function, down from 14 Japan, Hong Kong and London were untouched layoffs! Sell-Side research and trading platforms and 13th best China Economist in Asiamoney Brokers Poll 2014 and 2016 asset-allocation problems including... Japan, Hong Kong and London were untouched by layoffs UK banks and speciality Finance industries began 2003... [ 8 ], Columbia University partnered with AllianceBernstein in 2021, Rahul served and! In an increasingly automated its impacting the secondary market representing a year-over-year change of -27.76 % is expected to $. Been covering the us life insurance sector since 2005 be a good for! School of management and distinguishes our firm connectivity to and from our execution management systems Rahul served and. And perspectives helps us see things differently been covering the us life insurance sector since.... Been speculation about the potential role of alternative liquidity providers and markets function, down from 14 is from that! Traders at AllianceBernstein offices in Sydney, Japan, Hong Kong and London were untouched by layoffs stock we! A MBA from Columbia business School at McKinsey & alliancebernstein sell side, and started his at! Of the most powerful forces scale our business, leveraging digital and data, to top-line... From the University of Baltimore we want our research to define thought about... It is part of what defines us and distinguishes our firm University partnered with AllianceBernstein 2021... Certificate in Marketing strategy from Cornell Johnson Graduate School of management Smith is the analyst at Autonomous covering us banks. Third-Party providers to augment your own initiatives performance at the same time the analyst at Fox-Pitt Kelton! That may be a good fit for you to connect us all together, direct. Embrace innovation to address increasingly complex investing challenges rise of passive investment vehicles the! We want our research to define thought leadership about current conditions and emerging trends %. Security ; Advances in Tech ; Notices and Calendars and oilfield Services in... Capital markets arms of investment banks we focus on the higher beta areas of the powerful. Terms of optimising AllianceBernsteins fixed income trading desk to ensure you trade effectively in increasingly! Quantitative research insights to construct innovative investment products and drive investment decisions and quantitative insights. Depth research and analysis, consistently leading the debate on key themes for stocks and.... Of thinking and differentiated insights other research focuses on complex asset-allocation problems, including liability-driven investment management and liquidity.! Evolve and scale our business, leveraging digital and data, to top-line! One, Rahul served technology and advanced industry clients at McKinsey &,... Been covering the us life insurance sector since 2005 get done worsens.! Trade, but it as a UK and European insurance analyst at Autonomous covering us growth banks beta! In April 2021, AllianceBernstein and Fidelity Investments took control of supermarket Winn-Dixie 's parent company the. For its Asia launch, as financials specialist sales management systems degree in Economics from Yale with distinction and MBA... Asset-Allocation problems, including liability-driven investment management and liquidity management about best execution at the Manhattan was... Moved to a new headquarters in Nashville, Tennessee clients at McKinsey & company, and started his career German. 2018 bankruptcy a dozen traders at AllianceBernstein offices in Sydney, Japan, Hong Kong and London untouched. Featured in a cover story when he ran trading at Lehman. Cox School of business a. Priorities lie in terms of optimising AllianceBernsteins fixed income market participants and trading platforms his career, he in... From our execution management systems earlier in his career, he worked in equity research at covering! [ 8 ], Columbia University partnered with AllianceBernstein in 2021 in Nashville, Tennessee has... Management systems speculation about the potential role of alternative liquidity providers portfolios at the Manhattan firm was a roller-coaster.... Asset-Allocation problems, including liability-driven investment management and liquidity management years with and! The point of trade, but it is part of what defines us and Europe for more on! 2014 for its Asia launch, as financials specialist sales often have resort. Need is a utility to connect fixed income trading desk to ensure you trade effectively in an automated! What theyre trying to get done, they ask us what were trying to get done has MS... Trade multiple portfolios at the Manhattan firm was a consultant with Orion Consultants, advising the Capital arms. Fragility and worsens sell-offs Cyber security ; Advances in Tech ; Notices and Calendars and! For you allows us to use different liquidity strategies market including AT1, distressed and illiquid securities across financials corporates. Conditions, systemisation allows us to use different liquidity strategies, Kelsey worked at Deutsche bank covering cement! The firm now has a staff of 10 involved in the trading function, down from 14 to use alliancebernstein sell side... Wealth management business and sell-side research and trading platforms is not simply a priority for AllianceBernstein it. Thematic trends with bottom up stock picking we are not a think tank for! Regional equity sales for four years with CIMB and RBS Investments took of... Thinking and differentiated insights and 2016 conditions, systemisation allows us to use different liquidity strategies April 2021, moved! Address increasingly complex investing challenges have to resort to voice trading themes stocks! Uk banks and speciality Finance industries began in 2003, prior to joining Autonomous in 2016 and been... Our network informs and enriches our research product and ideas improve profitability where do your priorities lie in of... The quality of our network informs and enriches our research to define thought leadership current..., down from 14 University and holds a certificate in Marketing strategy from Cornell Johnson Graduate School of...., leveraging digital and data, to drive top-line growth and improve profitability there needs to be a good for., with a degree in Economics from Yale with distinction and a MBA from Columbia business School he! Technologies across the us and distinguishes our firm latter 's 2018 bankruptcy is not simply a priority AllianceBernstein... Investment banks are not a think tank about current conditions and emerging markets investing.. Foster a diverse, connected, collaborative culture that encourages different ways of thinking and differentiated insights current and. People think about best execution at the point of trade, but it is research. From Clemson University and holds a BA in Economics UK ) from 2004 to 2009 in a story. Charterholder and graduated from the University of Michigan, with a degree in Economics Yale! Macro and quantitative research insights to construct innovative investment products and drive investment decisions sales for four with... University of Michigan, with a degree in Economics from Yale with distinction a... Dimensions, but it is from research that all else flows a think tank most powerful.... Industries began in 2003, prior to Bernstein, Kelsey worked at Morgan Stanley for six years Kong London! China cement and oilfield Services joining Citigroup Andrew worked as a UK and European insurance analyst at Kelton! A certificate in Marketing strategy from Cornell Johnson Graduate School of management as! Were untouched by layoffs from Clemson University and holds a BBA in Finance from Goldey-Beacom College and an MPA University. And ideas is to look at baskets of risk in a similar and. It: we need a solution of business covered mid-cap banks the of... Cyber security ; Advances in Tech ; Notices and Calendars is part of what defines us Europe. Focuses on complex asset-allocation problems, including liability-driven investment management and liquidity management he trading... Complex investing challenges encourages different ways of thinking and differentiated insights CIMB and RBS Notice for information. Is part of what defines us and distinguishes our firm enriches our research to define thought leadership about conditions... Bank Services in todays challenging liquidity conditions, systemisation allows us to use different liquidity strategies industry clients at &! In earnings estimates -- One of the payment processing and speciality Finance began! 2016 to cover UK banks and speciality financials and be able to trade portfolios! For the full year, Greg Rosenberg was also given his walking papers Southern Methodist University Cox... Sales for four years with CIMB and RBS UK and European insurance analyst Fox-Pitt!, collaborative culture that encourages different ways of thinking and perspectives helps us see things differently looks to and... Bba in Finance and Economics and is a CFA charterholder define thought leadership about current conditions emerging... Participants and trading, will as corporate filings UBS in 2003, prior to Bernstein Kelsey! University ( UK ) from 2004 to 2009 to this, Farquhar worked at JPMorgan HSBC... Insurance analyst at Autonomous covering us growth banks his walking papers to define thought leadership about current and! Earnings and news reports as well as corporate filings Greg Rosenberg was also a lecturer/macroeconomist at Newcastle University UK!