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

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

Rating:What Jobs Is This $538B Asset Manager Moving? Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 20, 2019

What Jobs Is This $538B Asset Manager Moving?

News summary by MFWire's editors

A publicly traded asset manager will be moving or adding more than 1,000 jobs to its new headquarters over the next three years, and the plurality of those jobs will be behind the scenes, while it seems like investment staff won't be going anywhere.

Seth P. Bernstein
President, CEO
Of the 1,050 jobs that AllianceBernstein [profile] CEO Seth Bernstein and his team will be bringing to Nashville (probably a mix of new hires and existing team members who will move) by the end of 2022, more than 450 will be in "financial operations," according to fresh AB disclosures under year-old local legislation, the Nashville Business Journal reports. More than 200 will be in management, more than 200 will be in technology, 100 will be in sales, less than 50 will be in "office support", and and less than 25 will be in sales. Like when AB's impending move was first revealed last spring, there is no mention of moving AB's PMs and analysts (from the current headquarters in New York City). Prior disclosures reveal that the AB team expects the average salary for their Nashville team to be between $150,000 and $200,000 per year.

Last spring, word leaked that AB's new Nashville office tower is expected to be read by 2021, powered by an investment of more than $70 million, though AB is moving staff into temporary Nashville office space for now. Now the Journal reminds readers that AB's chief operating officer, Jim Gingrich, previously revealed a move timetable that includes adding about 300 Nashville jobs by mid 2020 and the rest by the end of 2022.

AB had $538 billion in AUM as of January 31, 2019. As of December 31, 2018, the firm had 3,641 employees worldwide. 

Edited by: Neil Anderson, Managing Editor

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

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q2Q1
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:
Add to My Yahoo!
follow us in feedly

  1. MFDF Director Discussion Series - Open Forum via Zoom (Midwest), March 10
  2. FinReg Outlook 2021, March 10
  3. Irish Funds North American Digital Seminar, March 11
  4. MFDF webinar - Municipal and Taxable Fixed Income — A Multi-Speed Recovery, March 12
  5. 2021 Virtual Mutual Funds and Investment Management Conference, Mar 15-19
  6. Women for Impact - A Call to Action, March 16
  7. SEC & DOL Standard of Conduct Rulemakings — Present & Future Considerations, March 23
  8. Expect Miracles Foundation's Virtual Mystery Game Night, March 24
  9. MFDF Director Discussion Series - Open Forum via Zoom, March 24
  10. ETFGI Global ETFs Insights Summit - ESG & Active ETF Trends, Mar 24-25
  11. MFDF webinar - Asset Management M&A for Fund Directors — Recent Trends and Governance Issues, March 31
  12. MFDF Director Discussion Series - Open Forum via Zoom, April 7
  13. MFDF In Focus: Board Oversight of Sub-advisers, April 15
  14. ETF.com Awards 2020, April 20
  15. The 31st Sub-Advised Funds Forum, Apr 20-21
  16. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  17. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  18. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  19. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  20. ICI 2021 General Membership Meeting - Day 1, May 6
  21. ICI 2021 General Membership Meeting - Day 2, May 13
  22. 2021 FINRA Annual Conference, May 18-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  25. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  26. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), 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