AllianceBernstein has announced a series of senior executive appointments that are effective as of March 1, 2012.
Timothy Ryan, current Chief Executive Officer of AllianceBernstein's Japan business, will become United Kingdom Chief Executive Officer, based in London. He will also assume the role of Co-Head, Europe, Middle East and Africa (EMEA), along with Richard Haxe, who currently leads AllianceBernstein's client services, sales and marketing efforts for the EMEA Client Group. Both Ryan and Haxe will report to Robert Keith, AllianceBernstein's Head of Institutional and Retail Client Services, Sales and Marketing.
Seiichiro Yamamoto, the current Head of AllianceBernstein's Japan Client Group, will assume the role of Chief Executive Officer of Japan, also reporting to Robert Keith.
Katsuaki Ogata, current Chief Investment Officer of Japan Value Equities and a member of AllianceBernstein's Japan Board of Directors, will become Chairman, and work closely with the Board to provide guidance in Japan's business activities. He will continue to report to Sharon Fay, AllianceBernstein's Head of Equities.
Robert Keith, AllianceBernstein's Head of Institutional and Retail Client Services, Sales and Marketing, said, 'During his time with AllianceBernstein, Tim has proven himself to be an adept business leader and a valuable partner to both the distribution and investment teams. I am confident that Tim will bring the same leadership acumen he demonstrated as Japan CEO to all of our business-building efforts in the UK and EMEA and produce the same impressive results. Richard's field experience and unique ability to align with clients give AllianceBernstein a leadership edge as he partners with Tim in more effectively penetrating the competitive landscape'.
Keith continued: 'Seiichiro has successfully guided the Japan Client Group through a variety of business cycles and challenges. As a result, our Japan client relationships are some of the strongest and most enduring in the world. I have no doubt that as CEO he will take our Japan business to the next level by deepening the trust clients have in us in this important geography. Under Katsuaki, we've built one of Japan's strongest value equities businesses with a record of outperformance. I am certain that as Chairman, he will continue to draw on his 16 years of experience with our firm helping clients navigate the critical business issues facing Japan'.