Andrew C. Terry Joins AllianceBernstein's Growing General Account Insurance Practice

NEW YORK, Aug. 16, 2012 /PRNewswire/ -- AllianceBernstein L.P. (AllianceBernstein), a leading global investment management firm, announced today that Andrew C. Terry has joined its Insurance Services team as Senior Client Advisor. In his role, Terry will contribute to the growing General Account Insurance Practice's client service and business development efforts in the New York office, reporting to Michael Hart, Senior Vice President and Managing Director of AB Insurance Services. Terry joins AllianceBernstein from BlackRock's Financial Institutions Group, where he worked in business development and relationship management.

"Andrew brings an impressive background in insurance, including particular expertise in helping insurers manage financial issues specific to their General Account, and is a great addition to our growing team," said Hart. "Insurers today are seeking to diversify interest rate risk and enhance risk-adjusted returns. We believe AllianceBernstein effectively serves the unique needs of our insurance asset management clients by providing top-ranked fixed income solutions, a growing array of alternative strategies and dedicated client support and advisory services."

Prior to BlackRock, Terry worked at Macquarie Securities and Fox-Pitt, Kelton, respectively. He began his career at Willis Capital Markets and holds a bachelor's degree from Hamilton College.

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 clients in major world markets.

At June 30, 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