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Balance Sheet Cash Flow Statement 1345 Avenue of the Americas New York, NY 10105 NY Tel. 212-969-1000 Toll Free 800-962-2134 Fax 212-969-2229 |
Type: Public
On the web:
http://www.alliancebernstein.com
Employees:
4,997
Employee growth: (10.4%)
The raison d'etre of AllianceBernstein Holding is its approximately 30% ownership of investment manager AllianceBernstein. (French insurer AXA, through its AXA Financial unit, owns a majority of the subsidiary.) AllianceBernstein, which has approximately $400 million of client assets under management, administers about 80 mutual funds, including value equity, growth equity, fixed income, index, and structured investments. The subsidiary mainly serves institutional clients such as pension funds, corporations, and not-for-profits, in addition to retail investors.
Key numbers for fiscal year ending December, 2008:
Sales: $278.6M
One year growth: (32.9%)
Net income: $244.7M
Income growth: (34.9%)
Officers:
Chairman and CEO: Peter S. Kraus
COO and Global Head Distribution: David A. Steyn
SVP and CFO: Robert H. Joseph Jr.
Competitors:
Capital Group
FMR
The Vanguard Group
