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How Strategic Inclusivity Drives Retention at AllianceBernstein

By Kevin Kruse - Contributor, CEO of LEADx and author of Great Leaders Have No Rules.

How Strategic Inclusivity Drives Retention at AllianceBernstein

By Kevin Kruse - Contributor, CEO of LEADx and author of Great Leaders Have No Rules.

Published 04-18-22

Submitted by AllianceBernstein

JANESSA COX-IRVIN
We see D&I purely as a strategy, not a program. JANESSA COX-IRVIN

Originally published on January 11, 2022 by Forbes

Some problems are daunting, but if solved they generate a huge return. For example, how can you scale inclusive behaviors? How can you combat the Great Resignation? Is it possible diversity initiatives can actually help you to land new clients? AllianceBernstein, more commonly known as “AB,” is solving those challenges.

AB is a leading global investment management firm with over $740 billion in assets under management. They offer a wide variety of investment services to everyone from institutional investors to individuals and private wealth clients in 26 different countries. With approximately 4,000 employees, including 900 people managers, spread across 51 locations AB has had to learn how to operationalize its diversity and inclusion strategy at scale.

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Originally published on January 11, 2022 by Forbes

View original content here.

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AllianceBernstein

AllianceBernstein

AllianceBernstein (AB) is a leading global investment management firm that offers diversified investment services to institutional investors, individuals, and private wealth clients in major world markets.

To be effective stewards of our clients’ assets, we strive to invest responsibly—assessing, engaging on and integrating material issues, including environmental, social and governance (ESG) considerations into most of our actively managed strategies (approximately 79% of AB’s actively managed assets under management as of December 31, 2024).

Our purpose—to pursue insight that unlocks opportunity—describes the ethos of our firm. Because we are an active investment manager, differentiated insights drive our ability to design innovative investment solutions and help our clients achieve their investment goals. We became a signatory to the Principles for Responsible Investment (PRI) in 2011. This began our journey to formalize our approach to identifying responsible ways to unlock opportunities for our clients through integrating material ESG factors throughout most of our actively managed equity and fixed-income client accounts, funds and strategies. Material ESG factors are important elements in forming insights and in presenting potential risks and opportunities that can affect the performance of the companies and issuers that we invest in and the portfolios that we build. AB also engages issuers when it believes the engagement is in the best financial interest of its clients.

Our values illustrate the behaviors and actions that create our strong culture and enable us to meet our clients' needs. Each value inspires us to be better: 

  • Invest in One Another: At AB, there’s no “one size fits all” and no mold to break. We celebrate idiosyncrasy and make sure everyone’s voice is heard. We seek and include talented people with diverse skills, abilities and backgrounds, who expand our thinking. A mosaic of perspectives makes us stronger, helping us to nurture enduring relationships and build actionable solutions.
  • Strive for Distinctive Knowledge: Intellectual curiosity is in our DNA. We embrace challenging problems and ask tough questions. We don’t settle for easy answers when we seek to understand the world around us—and that’s what makes us better investors and partners to our colleagues and clients. We are independent thinkers who go where the research and data take us. And knowing more isn’t the end of the journey, it’s the start of a deeper conversation.
  • Speak with Courage and Conviction: Collegial debate yields conviction, so we challenge one another to think differently. Working together enables us to see all sides of an issue. We stand firmly behind our ideas, and we recognize that the world is dynamic. To keep pace with an ever changing world and industry, we constantly reassess our views and share them with intellectual honesty. Above all, we strive to seek and speak truth to our colleagues, clients and others as a trusted voice of reason.
  • Act with Integrity—Always: Although our firm is comprised of multiple businesses, disciplines and individuals, we’re united by our commitment to be strong stewards for our people and our clients. Our fiduciary duty and an ethical mind-set are fundamental to the decisions we make. 

As of December 31, 2024, AB had $792B in assets under management, $555B of which were ESG-integrated. Additional information about AB may be found on our website, www.alliancebernstein.com.

Learn more about AB’s approach to responsibility here.

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