AB Announces Green Hire
A press release entitled, "AllianceBernstein Hires Zachary Green as Global Head of Liquidity Sales," tells us, "AllianceBernstein L.P. ('AB') ... announced Zachary Green has joined [the firm] as Global Head of Liquidity Sales. In this newly created role, Green will be responsible for overseeing the sales, marketing, product development and commercialization of AB's cash management business globally." Fixed Income CIO Douglas Peebles comments, "With nearly 40 years of history in the institutional money fund business, AB is committed to being a trusted partner and consultant to help cash managers meet their liquidity needs.... Particularly in today's volatile environment, we believe liquidity management strategies will become even more critical for investors seeking better returns and stability in their asset allocation. Zak brings more than two decades of distinct experience and track record serving the institutional market, and we're confident that our team and clients will benefit greatly from his expertise." The release tells us, “Prior to joining AB, Green worked at Western Asset Management for more than 10 years as a product specialist and client service executive, helping to oversee sales, marketing and product development for the company's $100 billion-dollar suite of liquidity products. Previously, he was managing director and head of Institutional Sales & Marketing at Reserve Management.... Green began his career at Lehman Brothers and Deutsche Bank. He holds a BS … from Cornell University." It adds, "AB, then known as Alliance Capital, launched its first money fund in 1978, and ranked among the top 15 mutual fund sponsors in the 1990's and early 2000's. In 2005, the firm sold its money fund business to Federated Investors. Over the past decade, AB began efficiently managing internal cash, and created the AB Government Money Market Portfolio (AEYXX). The firm currently manages approximately $280 billion in total fixed-income assets."
