AllianceBernstein Appoints John B. Howard Chief Financial Officer; Robert H. Joseph, Jr. to Retire

AllianceBernstein Holding L.P. (NYSE:AB) and AllianceBernstein L.P. announced that John B. Howard, 40, has been appointed Senior Vice President and Chief Financial Officer ("CFO"), effective immediately. Mr. Howard, who joins the firm from AQR Capital Management where he was Chief Financial Officer and Chief Operating Officer, will report to David A. Steyn, Chief Operating Officer. Robert H. Joseph, Jr., 62, who has served as CFO since 1994, will remain with the firm in a senior advisory role until his retirement at the end of 2010.

Peter S. Kraus, Chairman and Chief Executive Officer of AllianceBernstein, said, "I would like to thank Bob Joseph for his more than 25 years of dedicated service to AllianceBernstein, during which he made innumerable contributions to the firm's success. With great skill and knowledge, he presided over the financial complexities of the combination of Alliance Capital and Sanford C. Bernstein in 2000, as well as our firm's dramatic international expansion in recent years."

"We are pleased to have attracted a financial professional of John Howard's caliber to become our new CFO and we welcome him to our senior leadership team. John's in-depth knowledge of the asset management and the sell-side industries, as well as his international experience, make him an ideal leader of our global finance efforts," concluded Mr. Kraus.

Before joining AllianceBernstein, Mr. Howard served as CFO of AQR Capital Management since 2007 and was also named COO in 2009. Prior to that, he spent nearly a decade at Knight Capital Group in various financial roles in New York and London, including CFO from 2003-2007. Mr. Howard received a Bachelor of Science in Accounting from Lehigh University, and is a Certified Public Accountant.