Bernstein Names Kara H. Lewis as New Head of Cleveland Office
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.
SOURCE Bernstein Private Wealth Management
Share this article