Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:AllianceBernstein's CFO Returns to the Dark Side
 Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 13, 2011

AllianceBernstein's CFO Returns to the Dark Side

News summary by MFWire's editors

AllianceBerstein Holding LP's [see profile] chief financial officer John Howard is taking another dip into the the murky waters of hedge funds after spending less than a year at his current job.

Howard is set to rejoin Greenwich, Connecticut-based AQR Capital Management next month as COO, Bloomberg reports.

In the interim, Edward Farrell, AllianceBernsteinís corporate controller, will serve as CFO while the company looks for a permanent replacement.

Reuters and Barron's also picked up on Howard's planned departure.


John B. Howard to Leave Company

Search for Successor Initiated

Edward J. Farrell Named Interim CFO NEW YORK, Jan. 12, 2011 /PRNewswire/ -- AllianceBernstein Holding L.P. (NYSE: AB) today announced that Chief Financial Officer John B. Howard informed the company on January 10, 2011, that he will leave AllianceBernstein to return to his former employer, AQR Capital Management, in his former role as Chief Operating Officer.

Howard will remain with AllianceBernstein until February 15, 2011, in order to oversee the release of fourth quarter 2010 earnings and assist with the transition. The company has engaged a firm to conduct an internal and external search for a successor. Edward J. Farrell, AllianceBernstein's Corporate Controller, will also serve as Interim Chief Financial Officer.

Peter S. Kraus, Chairman and Chief Executive Officer of AllianceBernstein, said, "We understand and respect the decision that John has made and wish him the best. He has worked tirelessly and with sharp focus during his tenure at AllianceBernstein. He significantly strengthened our Finance processes and enhanced our internal and external reporting."

Kraus added, "Ed has very strong finance skills and experience and I am confident that under his leadership, the Finance function will continue to run smoothly."

Farrell, 50, joined AllianceBernstein in 2003 as a Senior Vice President and Corporate Controller. He also serves as the Chief Financial Officer for Sanford C. Bernstein & Co., LLC. From 1994 to 2003, he worked at Nomura Securities International, Inc., where he was a Managing Director and held various senior finance positions including Chief Financial Officer. Prior to joining Nomura, Farrell spent 10 years in various finance positions at Salomon Brothers Inc. He also worked at PricewaterhouseCoopers LLP.

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 clients in major world markets.

At December 31, 2010, AllianceBernstein Holding L.P. owned approximately 37.8% of the issued and outstanding AllianceBernstein Units and AXA, one of the largest global financial services organizations, owned an approximate 61.4% economic interest in AllianceBernstein.

Additional information about AllianceBernstein may be found on our internet site, http://www.alliancebernstein.com/

SOURCE AllianceBernstein

Back to top RELATED LINKS http://www.alliancebernstein.com  

Edited by: Hung Tran


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. Women in ETFs Global 2021 Virtual Conference, Jan 26-27
  2. Nicsa webinar - Investment Data Science: A World Outside of Spreadsheets, January 27
  3. MFDF Director Discussion Series - Open Forum via Zoom, January 27
  4. MFDF webinar - Post-Election Insights on Regulations and Issues That Affect Mutual Funds, January 28
  5. MMI Executive IQ Webinar: The 2021 Leadership Imperative, January 28
  6. ICI webinar - DOL's Stance on ESG Investments: A Look Ahead to 2021 and Beyond, January 29
  7. MFDF webinar - A New Fair Valuation Framework for Fund Directors, February 3
  8. MFDF Director Discussion Series - Open Forum via Zoom, February 10
  9. ICI webinar - ESG Fund Investing: The 2021 Landscape, February 16
  10. MFDF Director Discussion Series - Open Forum via Zoom (West Coast), February 24
  11. NICSA 2021 Strategic Leadership Forum, Feb 24-26
  12. IDC Foundations for Fund Directors, Mar 1-2
  13. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  14. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  15. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  16. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  17. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  18. ETF.com Awards 2020, April 20
  19. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  20. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  21. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  22. ICI 2021 General Membership Meeting - Day 1, May 6
  23. ICI 2021 General Membership Meeting - Day 2, May 13
  24. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  25. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  26. ICI 2021 Operations and Technology Conference, May 20




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use