Sanford C. Bernstein Appoints New Head of US Sales

              Sanford C. Bernstein Appoints New Head of US Sales

PR Newswire

NEW YORK, April 30, 2013

NEW YORK, April 30, 2013 /PRNewswire/ -- Sanford C. Bernstein announced the
appointment of Rick Galiardo as the new head of U.S. sales. He will be
reporting to Robert van Brugge, Chairman and CEO of Sanford C. Bernstein.

Galiardo originally joined Sanford C. Bernstein in 1993 as an institutional
salesperson and in 2001 became the firm's first product manager. In 2005,
Galiardo was appointed co-head of the European business and successfully
spearheaded the build-out of the firm's research platform in London and its
steady ascent in the European research rankings. Prior to rejoining the firm
this month, Galiardo spent three years as Head of Advice, Guidance and
Research Strategy for Merrill Lynch's Wealth Management division.

"We are very pleased to be working again with someone as talented and
experienced as Rick. His wealth of sell-side research and sales expertise, as
well as his deep understanding of our firm's distinct approach to independent
research, will be invaluable in helping us better serve our clients," said
Robert van Brugge, Chairman and CEO of Sanford C. Bernstein.

About Sanford C. Bernstein

Sanford C. Bernstein is an investment research firm and equities broker that
was founded in the United States in 1967 and in the U.K. in 1999.The firm is
widely recognized as Wall Street's premier sell-side research firm, with a
global equity trading platform that spans the US, Europe, and Asia. Its
research and its trading capabilities are sought out by leading investment
managers around the world, and the firm is annually ranked at the top of its
industry. In independent surveys of major institutional clients, Bernstein's
research is ranked #1 for overall quality, industry knowledge, most trusted,
best detailed financial analysis, major company studies, most useful valuation
frameworks and best original research. In Institutional Investor's latest
annual client survey, the leading survey by which research analysts in this
industry are evaluated, over 90% of the firm's U.S. analysts were recognized
as among the best in their respective fields. The firm began operations in
Hong Kong in 2010, and now covers a range of sectors across Asia.

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 clients in major world markets.

As of March 31, 2013, AllianceBernstein Holding L.P. owned approximately 38.0%
of the issued and outstanding AllianceBernstein Units, and AXA, one of the
largest global financial-services organizations, owned an approximate 64.2%
economic interest in AllianceBernstein.

Additional information about AllianceBernstein may be found on our website,

SOURCE AllianceBernstein Holding L.P.

Contact: Andrea Prochniak, Investors, 212.756.4542,, or Jonathan Freedman, Media,
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