Leadership Changes at AllianceBernstein Holding L.P.

AllianceBernstein Holding L.P. announced significant leadership changes. Seth Bernstein will retire as Chief Executive Officer effective March 31, 2027, after nearly a decade with the firm. He will continue to serve on the Board of Directors. Onur Erzan has been appointed as the new President and Chief Executive Officer, effective April 1, 2027. Erzan, currently President, has been with AB since 2021 and previously held a senior role at McKinsey & Company. The transition includes details of retirement agreements, compensation packages, and severance terms for both executives. Bernstein's tenure saw the firm evolve into a diversified global investment manager with assets under management reaching over $919 billion. Erzan's appointment signifies a focus on continued growth and adaptation to the evolving asset and wealth management landscape.