NEW YORK, May 9, 2014 /PRNewswire/ -- AllianceBernstein L.P. (AllianceBernstein), a global investment management firm with $454 billion in assets under management, announced today that Robert Hostetter has joined the firm as Global Head of Product Strategy. In this role, Hostetter will work closely with the firm's regional product teams to assess market demand for new services, optimize new product development, and prioritize local and global product innovation opportunities throughout the firm. He will also partner with client and investment groups globally to enhance the firm's new and existing product capabilities across asset classes and channels. He will report to Robert Keith, Head of the Global Client Group at AllianceBernstein.
"Over the past several years, we have been committed to bringing better balance to our product set and providing clients with services that can perform well across market cycles. We have brought Robert on to ensure we remain focused on providing our clients with the right solutions," said Keith. "With his deep industry experience and impressive track record, we are confident Robert will further elevate our strategy and ability to innovate."
Hostetter joins AllianceBernstein from William Blair Investment Management, where he led all aspects of product development and distribution strategy for the institutional, retail and private wealth markets. He was responsible for redesigning the firm's retail distribution strategy, building the alternatives and multi-asset platforms, and extending the firm's equity and fixed income investment service offerings. Prior to that, Hostetter worked as a consultant with McKinsey & Company where he advised asset management clients on a variety of investment, distribution and operational initiatives. Hostetter holds a bachelor's degree from Duke University and a Master's of Business Administration in Finance from Northwestern University's Kellogg School of Management. He is a CFA Charterholder.
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private clients in major world markets.
At March 31, 2014, AllianceBernstein Holding L.P. owned approximately 35.8% of the issued and outstanding AllianceBernstein Units and AXA, one of the largest global financial services organizations, owned an approximate 63.6% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on our website, www.alliancebernstein.com.
SOURCE AllianceBernstein L.P.