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AllianceBernstein L.P. (NYSE: AB), a leading global investment firm with $737 billion in assets under management, today announced that Bruce Holley has joined the firm's Board of Directors as an independent member. Mr. Holley's appointment is effective as of today, and he will sit on the Audit and Risk Committee.
AllianceBernstein's (AB) AUM balance declines due to market depreciation outweighing net inflows across segments.