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AllianceBernstein Partnered With Equitable To Host an Event for Students From Historically Black Colleges and Universities
AllianceBernstein Partnered With Equitable To Host an Event for Students From Historically Black Colleges and Universities
Published 10-28-22
Submitted by AllianceBernstein
At the end of September, AllianceBernstein was honored to partner with colleagues at Equitable to support the Thurgood Marshall College Fund Leadership Institute by hosting a reception for students from Historically Black Colleges and Universities (HBCUs) at AB’s New York office. During the event, AB President & CEO Seth P. Bernstein shared insights into the financial services industry, the firm and career opportunities at AB. AB’s Global Head of Diversity, Equity & Inclusion and Corporate Citizenship Janessa Cox-Irvin, Diversity Partnerships & Programs Manager Raquel Barlow, and members of our Campus Recruiting team also participated in the event.
Thurgood Marshall College Fund (TMCF) is the nation’s largest organization exclusively representing the Black College Community. TMCF member-schools include the publicly supported HBCUs and Predominantly Black Institutions (PBIs). TMCF has historically provided centralized access to diverse talent and established a platform to educate diverse communities on the finance industry and build financial literacy. Every year, TMCF hosts a Leadership Institute for diverse talent to interact with corporate partners and receive professional development.
During this event, AB and Equitable employees interacted with high-achieving talent, discussing the firm, the industry and other opportunities.
AB is deeply committed to growing diverse talent in the financial services industry. In June 2022, AB established its HBCU Scholars program, which provides diverse students exposure to AB and the financial services industry. The HBCU Scholars program has featured 11 scholars to date. The program is open to sophomores from four university partners: Tennessee State University, Fisk University, Hampton University, and Alabama A & M. Students from these institutions have the opportunity to receive a scholarship, in addition to a 9-week internship filled with immersive learning opportunities and mentorship.
In alignment with AB’s “Drive to 25” initiative to increase the firm’s diverse talent by 2.5% by 2025, our HBCU Scholars program seeks to create a diverse talent pipeline for the firm and the industry by engaging early and often.
Learn more about AB’s approach to responsibility here.
AllianceBernstein
AllianceBernstein
AllianceBernstein (AB) is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. We believe corporate responsibility, responsible investing and stewardship are intertwined. 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), and climate change considerations in most of our actively managed strategies. We also believe that being a responsible firm allows us to be more responsible investors. Our stewardship practices, investment strategy and decision-making are guided by our purpose, mission and values.
Our purpose—pursue insight that unlocks opportunity—inspires our firm to act responsibly. While opportunity means something different to each of our stakeholders; it always means considering the unique goals of each stakeholder that go beyond the desire for financial returns. AB’s mission is to help our clients define and achieve their investment goals, explicitly stating what we do each day to unlock opportunity for our clients. We became a signatory to the Principles for Responsible Investment (PRI) in 2011. This formalized our commitment to identify responsible ways to unlock opportunities for our clients through ESG integration in most of our actively managed equity and fixed-income client accounts, funds and strategies.
Because we are an active manager, our differentiated insights drive our ability to deliver alpha and design innovative investment solutions. ESG and climate issues are key elements in forming insights and in presenting potential risks and opportunities that can have an impact on the performance of the companies and issuers that we invest in and the portfolios that we build.
Our values provide a framework for the behaviors and actions that deliver on our purpose and mission. Values align our actions. Each value emerges from the firm’s collective character—yet is also aspirational. Each value challenges us to become a more responsible version of AB.
- Invest in One Another means that we have a strong organizational culture where diversity is celebrated and mentorship is critical to our success. When we invest in one another, we empower our employees to reach their potential, so that they can help our clients realize theirs. This enables us to partner with clients to design and deliver improved investment outcomes.
- Strive for Distinctive Knowledge means that we collaboratively identify creative solutions to clients’ economic, ESG and climate- related investment challenges through our expertise in a wide range of investment disciplines, close collaboration among our investment experts and creative solutions.
- Speak with Courage and Conviction informs how we engage our AB colleagues and issuers. We seek to learn from other parts of our business to strengthen our own views. And we engage issuers for insight and action by sharing ideas and best practices.
- Act with Integrity—Always is the bedrock of our relationships and has specific meaning for our business. Unlike many other asset managers, we’re singularly focused on providing asset management and research to our clients. We don’t engage in activities that could be distracting, or create conflicts—such as investment banking, insurance writing, commercial banking or proprietary trading for our own account. We are unconflicted and fully accountable.
As of December 31, 2022, AB had $646B in assets under management, $445B of which were ESG-integrated. Additional information about AB may be found on our website, www.alliancebernstein.com.
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