Jeff Eng Rejoins AB Defined Contribution Team as Managing Director to Lead Customized Retirement Solutions

Investment Weekly News

By a News Reporter-Staff News Editor at Investment Weekly News -- AllianceBernstein L.P. ("AB"), a leading global investment management firm, announced Jeff Eng has rejoined as Managing Director of custom defined contribution solutions. He will be responsible for driving the growth of AB's existing custom target-date offerings and Lifetime Income Strategy solution, while supporting the firm's broader initiative in digital delivery of retirement planning advice.

Jeff originally joined AB in 2001 as a Product Director in defined contribution, where he was involved in the development and launch of Lifetime Income Strategy, the first multi-insurer target-date fund with a guaranteed lifetime withdrawal benefit. The age-based, asset allocation program is designed to help employees convert their savings over time into a stream of guaranteed income that lasts throughout retirement. Prior to rejoining the firm, Jeff was Director of Retirement Income Solutions at Russell Investments.

"Our defined contribution business continues to grow and we are excited to have Jeff back on our team. He has an outstanding track record of developing and implementing innovative customized retirement solutions and was intimately involved in launching our Lifetime Income Strategy," said Richard Davies, Global Head of Defined Contribution at AB.

AB manages more than $46B in total defined contribution assets. Leveraging its open architecture experience as a leader in the custom space, AB has brought several innovative packaged solutions to the DC marketplace over the past few years, including an innovative multi-manager target-date mutual fund series launched in 2014, co-managed with Morningstar, that provides independent selection of funds from top investment managers in one target-date family, and a multi-manager target-date series in a collective investment trust (CIT) format in 2015 partnering with Mercer Investments for third-party manager selection.

To learn more about the AB's defined contribution solutions, go to www.abdc.com.