NEW YORK, March 31, 2011 /PRNewswire/ -- AllianceBernstein today announced that Craig Lombardi has joined the firm as Managing Director—Defined Contribution Investment Only (DCIO) Sales. In his role, Craig will be responsible for leading the firm's DCIO sales team who cover intermediaries, such as financial advisors and consultants, and work with regional salespeople from the retirement platforms where AllianceBernstein funds are included.
"Craig's experience in sales management and knowledge of the Defined Contribution (DC) market makes him well-positioned to bring the distribution of our DC products and services in the intermediary space to the next level," says Joel R. Stevens II, Senior Managing Director—The Americas, AllianceBernstein Institutional Investments.
Craig is a 20 year veteran of Fidelity Investments Institutional Services Inc., where he was the former National Sales Manager of the Institutional Insurance Platform Variable Annuity and Defined Contribution sales teams, amongst other roles.
"Because the DC business continues to be a priority for the firm, we are bolstering our resources in this area as we experience continued growth in both our assets under management and the range of products we offer," says Thomas J. Fontaine, Head of AllianceBernstein Defined Contribution Investments (ABDC). "The addition of Craig Lombardi, a leader in the DC industry, underscores our commitment to meeting the needs of our DC clients."
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.
As of December 31, 2010, AllianceBernstein Holding L.P. owned approximately 37.8% of the issued and outstanding AllianceBernstein Units and AXA, one of the largest global financial services organizations, owned an approximate 61.4% economic interest in AllianceBernstein.
Additional information about AllianceBernstein may be found on our website, www.alliancebernstein.com.
©2011 AllianceBernstein L.P.