AllianceBernstein has announced three new hires to its defined contribution team:
- Mark Brown, managing director for DC products, is responsible for supporting DC business development activities through the firm's institutional sales force. He will report to Richard Davies, senior managing director of DC and co-head of the firm's North America institutional business. Brown will focus on supporting the firm's generalist institutional client advisers in their DC business development activities. Brown joins AllianceBernstein from Goldman Sachs Asset Management (GSAM), where he was a vice president and institutional defined contribution strategist responsible for leading the institutional sales initiative for GSAM's DC business.
- Franchesca Maddalena, vice president and DC marketing director, is responsible for DC distribution marketing efforts. She reports to Jennifer DeLong, senior vice president of multi-asset product management, and is responsible for developing and implementing marketing plans for the firm's DC products and services, as well as creating product marketing materials that support sales efforts. Maddalena joins AllianceBernstein from PIMCO, where she was vice president of distribution marketing for the firm's global wealth management unit.
- Heather Balley, vice president and DC participant communications director, will be responsible for all plan participant communications regarding products and retirement readiness. She will also report to Jennifer DeLong and is responsible for creating educational material for plan participants about how to achieve their retirement goals in alignment with the firm's sales and marketing initiatives. Balley also joins from PIMCO, where she was vice president, marketing, for the global wealth management division.
AllianceBernstein has been building out its suite of TDF products to adapt to the changing retirement investing landscape — most recently with the launch of multi-manager funds that offer the independent selection of funds from multiple investment managers in one portfolio. For more on AllianceBernstein’s value-adds for advisors, visit their NAPA Partner Corner page.
