Masters in Business · Friday, September 11, 2026
Seth Bernstein, CEO of Alliance Bernstein, revealed the firm's decision to relocate its headquarters from New York to Nashville. This strategic move aims to reduce costs and access a wider talent pool, with an estimated annual savings of $85 million.
“We decided to move to Nashville. That was worth roughly $ 85 million a year to us.”
“Part of it was real estate. Part of it was people. And it's worked real well for us.”
“We wanted to be a big fish in a small pond, which we couldn't have been in Charlotte.”