Masters in Business · Friday, September 11, 2026
Seth Bernstein discussed the significant turnaround at Alliance Bernstein since he took over as CEO in 2017. He highlighted a strategic focus on distribution, particularly in private credit and the insurance business, which has helped the firm grow its assets under management significantly.
“We had, as you pointed out, a very well-regarded sell-side research business, which I decided to see if we could reduce our exposure to for exactly the reasons you said.”
“And I began to focus on distribution, whether it's in private wealth and institutional and most importantly in retail. And we decided to go full focus on the insurance business because we saw that as a really important source growth both for our private credit business but also our fixed income business.”