AllianceBernstein Announces Appointments of Bertram Scott and Nella Domenici to its Board of Directors
AllianceBernstein L.P. (AB) announced the addition of two independent Directors to its Board: Bertram Scott and Nella Domenici. Scott, who joined on September 23, 2020, has extensive leadership experience in the healthcare and finance sectors, holding past executive roles at Novant Health and CIGNA. Domenici has been with the Board since January 2020 and brings significant financial management expertise from her role at Dataminr and previous positions at Bridgewater Associates and Citadel. These appointments aim to enhance the company's strategic perspective.
- Addition of Bertram Scott and Nella Domenici strengthens the Board with diverse expertise.
- Scott's background in healthcare and finance can provide valuable insights for AB's growth.
- Domenici's extensive experience in financial management and strategic operations supports AB's financial resilience.
- Potential concerns regarding continuity in leadership experience since the board is relatively new.
NEW YORK, Sept. 23, 2020 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") today announced that the firm has added two new independent Directors to its Board of Directors this year. Bertram Scott has joined the AB Board as of September 23, 2020. He will sit on the Compensation and Workplace Practices Committee. Nella Domenici joined the AB Board in January 2020 and sits on the Audit and Risk Committee.
"I am pleased to announce Bert's and Nella's recent appointments and I am confident that they will bring the requisite perspective to advance our business and culture," said Seth Bernstein, President & Chief Executive Officer of AllianceBernstein.
Mr. Scott brings to the Board strong strategic and operational expertise acquired through the variety of executive roles and experience as a board member of public companies. He is currently a member of the Board of Directors of Becton, Dickinson and Company and Lowe's Companies, Inc. Mr. Scott also has been a Director of Equitable America since May 2012 and was appointed a Director of Equitable Holdings in March 2019.
Mr. Scott has held numerous senior leadership roles throughout the course of his career within the insurance, finance and healthcare industries, including most recently until his retirement in May 2019 as Senior Vice President of population health of Novant Health, Inc. He previously served as President and Chief Executive Officer of Affinity Health Plan; President, U.S. Commercial at CIGNA Corporation; and President and Chief Executive Officer of TIAA-CREF Life Insurance Company.
Ms. Domenici brings to the Board seasoned business acumen and extensive global experience in strategic financial management, corporate strategy and operations. She is the Chief Financial Officer of Dataminr, a leading artificial intelligence company that detects emerging risks from publicly available information. Prior, Ms. Domenici served as Chief Financial Officer and a member of the Operating Committee at Bridgewater Associates, a global leader in institutional portfolio management and the world's largest hedge fund. Ms. Domenici has also held senior strategic and financial positions at other prominent companies, including Citadel Investment Group, Credit Suisse and the Monitor Consulting Group. She serves on the board of Change Healthcare, where she is on the Audit and Compliance Committee.
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 wealth clients in major world markets.
As of June 30, 2020, including both the general partnership and limited partnership interests in AllianceBernstein, AllianceBernstein Holding owned approximately
Additional information about AB may be found on our website, www.alliancebernstein.com.
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SOURCE AllianceBernstein
FAQ
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