CEO Explains AllianceBernstein's JV with Societe Generale
AllianceBernstein plans to expand its ETF suite, particularly in equity and multi-asset.
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AllianceBernstein plans to expand its ETF suite, particularly in equity and multi-asset.
Societe Generale and AllianceBernstein may look like an equities odd couple. Leveraging Societe Generale’s derivatives franchise is key to the new joint venture, as is maintaining AllianceBernstein’s reputation for independence.
SocGen will have a 51% interest in the joint venture, which will be run under the Bernstein name.
/PRNewswire/ -- AllianceBernstein (NYSE: AB), a leading global investment management and research firm, and Societe Generale (EURONEXT: GLE), a leading...
Nashville-based financial firm will own 49 percent of joint entity with French bank