June 11, 2009 (FinancialWire) — AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P. said that Gerald M. Lieberman will be retiring as president and chief operating officer, effective July 31. David A. Steyn, the global head of distribution for AllianceBernstein, will assume the role of COO.

Steyn will continue to oversee AllianceBernstein’s distribution services in addition to assuming his new duties as COO.

New York-based AllianceBernstein is a global investment management firm that offers research and investment services to institutional clients, individuals and private clients in various markets around the world.

AllianceBernstein employs more than 500 investment professionals and is focused on growth equities, value equities, fixed income securities, blend strategies and alternative investments. Through its subsidiaries and joint ventures, the company operates in more than 20 countries.

At March 31, AllianceBernstein Holding L.P. owned around 34.3% of the issued and outstanding AllianceBernstein units while AXA owned an around 64.3% economic interest in AllianceBernstein.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.