NEW YORK, Feb. 24, 2017 /PRNewswire/ -- AllianceBernstein
L.P. ("AB"), a leading global investment management firm, today announced Jess Gaspar has joined
as Global Director of Research for its Multi-Asset Solutions group. In this newly-created role, Gaspar will oversee research for
AB's multi-asset solutions and lead the firm's strategic process to further extend its category leadership in customized
retirement solutions and expand its retail and institutional footprint across channels*. He will report to Vadim Zlotnikov, Co-Head of Multi-Asset Solutions.
"As investor demand for outcome oriented solutions continues to accelerate, clients are increasingly looking to the asset
managers who can deliver on a multi-asset approach that looks holistically across all asset classes and return sources," said
Zlotnikov. "Jess brings an impressive depth of experience in creating and managing these outcome oriented solutions and will be
instrumental in evolving our multi-asset research across our global platform."
Prior to joining AB, Gaspar most recently served as Head of Asset Allocation and Research at Commonfund, an investment
organization serving the nonprofit community, where he developed strategic, cyclical and tactical asset allocation and portfolio
risk management systems. Previously, he was director of research for the global macro hedge fund Cornerstone Quantitative
Investment Group and a management consultant with McKinsey & Company. Before joining the private sector, Gaspar was a
professor of economics at the University of Chicago Booth School of Business. He holds a BS in
environmental engineering from the Massachusetts Institute of Technology and a PhD in international
economics from Stanford University.
In recent years, AB has continued to build out its multi-asset capabilities globally, most recently through the acquisition of
Ramius Alternative Solutions, LLC (RASL), an alternative investment platform which offers a range of customized alternative
investment and advisory solutions to a global institutional client base. The acquisition added new investment capabilities in
factor-based and alternative risk premia solutions to AB. Today, AB's Multi-Asset Solutions group has more than $114 billion in assets under management and includes both custom and fund solutions for institutional, retail
and high net worth investors.
*In Pensions & Investments 2015 survey, AB ranked as the largest custom target-date manager by assets under management.
About AB's Multi-Asset Solutions Group
AB's Multi-Asset Solutions Group is a dedicated team of more than 25 investment professionals that utilizes its deep
capital markets expertise, research insights and a full range of risk/return sources as building blocks to create integrated
multi-asset investment solutions tailored to the needs of each client. These include glide path strategies like target-date and
lifetime income solutions for defined contribution plans, asset allocation strategies and solutions targeting unique market index
and factor exposures.
About AB
AB 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.
At December 31, 2016, AB Holding owned approximately 35.9% of the issued and outstanding AB
Units and AXA, a worldwide leader in financial protection, owned an approximate 63.7% economic interest in AB.
Additional information about AB may be found on our website, www.abglobal.com.
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SOURCE AllianceBernstein L.P.