AllianceBernstein Announces Appointment of Bruce Holley to its Board of Directors

Rhea-AI Summary

AllianceBernstein (NYSE: AB), a global investment firm managing $737 billion in assets, has appointed Bruce Holley to its Board of Directors.

Effective May 15, 2024, Holley will serve as an independent member and join the Audit and Risk Committee.

Holley, with 30 years in financial services, is currently a Managing Director at Alvarez & Marsal and previously held senior roles at Accenture and the Boston Consulting Group. He holds a biochemistry degree and an MBA from Harvard University.

Positive

• Appointment of Bruce Holley, an experienced financial leader, to the Board of Directors.
• Bruce Holley brings 30 years of industry experience in wealth and asset management, insurance, fintech, and AI.
• AllianceBernstein manages substantial assets worth $737 billion.
• Holley's role includes serving on the Audit and Risk Committee, enhancing governance.

Negative

• No immediate financial gains or revenue impacts announced with the appointment.
• The appointment does not address any existing financial challenges or strategic growth plans.

NASHVILLE, Tenn., May 15, 2024 /PRNewswire/ -- AllianceBernstein L.P. (NYSE: AB), a leading global investment firm with $737 billion in assets under management, today announced that Bruce Holley has joined the firm's Board of Directors as an independent member. Mr. Holley's appointment is effective as of today, and he will sit on the Audit and Risk Committee.

"As an accomplished financial services leader with 30 years of industry experience, we are pleased to add Bruce to our Board," said AB's President and CEO Seth Bernstein. "Bruce's extensive knowledge of the wealth and asset management industry, combined with his proven leadership, will help advance our firm forward."

Mr. Holley is a Managing Director of Alvarez & Marsal's Financial Services Industry practice, where he works across banking, wealth and asset management, insurance, fintech, and AI. Prior to joining Alvarez & Marsal, he was a Senior Managing Director at Accenture. Mr. Holley spent 25 years at the Boston Consulting Group as a Senior Partner and Managing Director, where he helped launch their Global Wealth and Asset Management practice. He received his bachelor's degree in biochemistry and an MBA from Harvard University.

About AllianceBernstein

AllianceBernstein is a leading global investment management firm that offers diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. As of April 30, 2024, AllianceBernstein had $737 billion in assets under management. Additional information about AB may be found on our website, www.alliancebernstein.com.

 

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SOURCE AllianceBernstein

FAQ

Who was appointed to AllianceBernstein's Board of Directors on May 15, 2024?

Bruce Holley was appointed to AllianceBernstein's Board of Directors on May 15, 2024.

What role will Bruce Holley serve on AllianceBernstein's Board?

Bruce Holley will serve as an independent member and join the Audit and Risk Committee.

What is Bruce Holley's professional background?

Bruce Holley is a Managing Director at Alvarez & Marsal and has previous senior roles at Accenture and the Boston Consulting Group.

How many assets does AllianceBernstein manage?

AllianceBernstein manages $737 billion in assets.

What are Bruce Holley's academic qualifications?

Bruce Holley holds a bachelor's degree in biochemistry and an MBA from Harvard University.

Which committees will Bruce Holley join at AllianceBernstein?

Bruce Holley will join the Audit and Risk Committee at AllianceBernstein.