NEW YORK, June 5, 2012 /PRNewswire/ -- AllianceBernstein L.P. (AllianceBernstein) announced today new leadership roles intended to support the continued growth and expansion of its alternative business. The firm appointed Christopher Bricker, Senior Vice President, as Head of Alternatives Business Strategy, and Michael Gaviser, Senior Vice President, as Head of Alternatives Sales and Client Service.
Bricker, a 20-year AllianceBernstein veteran, will assume overall responsibility for the success and profitability of the firm's $13 billion alternatives platform, which includes multi-manager strategies, proprietary hedge funds and closed-end drawdown funds. Bricker will drive the business strategy, expand the firm's suite of alternatives offerings, and lead the development of the supporting infrastructure, coordinating with various groups across the firm. He will retain his duties as the firm's Head of Product Development, where his team has introduced more than 100 new offerings since 2009 that have together attracted more than $40 billion in net new assets.
In his new role, Bricker will work closely with Michael Gaviser, who has been appointed the sole Head of Alternatives Sales and Client Service. Gaviser will lead the firm's client-facing efforts, which includes expanding and developing the team of dedicated alternatives advisors. Gaviser, who also represents AllianceBernstein's alternatives business within the investment community, will partner with Bricker in furthering the firm's alternatives strategy.
Gaviser has been with AllianceBernstein for 14 years, and most recently served as Co-Head of Alternatives Sales and Client Service with John Akkerman, who has left the firm to pursue another opportunity. Both Bricker and Gaviser report to Robert Keith, Head of AllianceBernstein's Global Client Group.
"Our alternatives business is a key priority for our firm and with the new leadership roles that Chris and Mike will assume we are confident we can continue to expand our capabilities," said Keith. "Chris has clearly demonstrated an unparalleled ability to successfully identify and launch new products that meet clients' needs and we look forward to the innovation he'll bring to fueling the growth of our alternatives business. Mike, who has been integral to the growth of our alternatives business from day one, understands it better than anyone and is ideally suited to lead this next stage of growth."
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, 2012, AllianceBernstein Holding L.P. (NYSE: AB) owned approximately 37.9% of the issued and outstanding AllianceBernstein Units and AXA, one of the largest global financial services organizations, owned an approximate 63.5% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on our internet site www.alliancebernstein.com.
SOURCE AllianceBernstein L.P.