CLEVELAND, Sept. 7, 2018 /PRNewswire/ -- Bernstein Private
Wealth Management ("Bernstein"), a unit of AllianceBernstein L.P. ("AB"), today announced that Kara H.
Lewis has been promoted to Director to lead its private wealth practice based in Cleveland,
Ohio. In this role, Kara will be responsible for overseeing the client service, management and strategic growth of
Bernstein's business in the region. She succeeds Shane McRann Bigelow, who departs after
more than a decade with the firm and will become Chief Executive Officer of Ownum, a blockchain company funded by Cleveland-based entrepreneur and industry visionary, Bernie Moreno.
"Kara is a seasoned executive with two decades of distinct experience servicing institutional and high net worth clients – and
exactly the right person to lead our business in Ohio and build on our recent success. She is
taking over after nearly five years of exceptional growth, and we are confident she will take us to even greater heights," said
David Barnard, Head of Bernstein. "We also congratulate Shane for the new role at Ownum, and thank
him for his 13 years at the firm and long list of accomplishments serving our clients. We wish him continued success."
A native of Ohio, Kara previously served as Vice President in the Cleveland office with responsibility for building out Bernstein's business in Central Ohio. Prior to joining Bernstein in 2015, she was President of Winslow Asset Management. Kara earned
a BA in economics from Denison University. She is also an active member of the local community, and
serves on the boards of the Akron Children's Hospital and Flying Horse Farms.
About Bernstein
Founded more than 50 years ago in New York and with a 40-year history in Ohio, Bernstein Private Wealth Management, a unit of AllianceBernstein L.P. (AB), provides investment
planning advice and services to individuals, families, endowments, foundations and other financial guardians, so that they can
reach their long-term investment objectives. Our global research enables us to customize a portfolio that suits any type of
investment goal, income need, tax situation or tolerance for risk. And we use proprietary, centrally managed investment
strategies that ensure every client receives the firm's best thinking on opportunities and risk control. The firm ranks among the
top 17 wealth management firms in the U.S.* and manages approximately $95 billion in assets as of
June 30, 2018. For more information, visit www.bernstein.com.
*Barron's 2017 Top 40 Wealth Management Firms Annual Ranking
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.
In May 2017, AXA S.A. ("AXA") announced its intention to pursue the sale of a minority stake in
AXA Equitable Holdings, Inc. ("EQH") (NYSE: EQH) through an initial public offering (the "IPO"). On May
14, 2018, EQH completed the IPO and AXA now owns approximately 71.9% of the outstanding common stock of EQH.
As of June 30, 2018, including both the general partnership and limited partnership interests in
AllianceBernstein, AllianceBernstein Holding owned approximately 35.9% of AllianceBernstein and EQH, directly and through various
subsidiaries, owned an approximate 64.7% economic interest in AllianceBernstein. Additional information about AB may be found on
our website, www.alliancebernstein.com.
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SOURCE Bernstein Private Wealth Management