AllianceBernstein Appoints New Managing Director Based in Toronto

NEW YORK, Nov. 22, 2011 /CNW/ -- AllianceBernstein L.P. (AllianceBernstein) announced today the appointment of Wendy Brodkin to the position of Managing Director responsible for business development and client service for institutional investors in Canada. She is based in the firm's Toronto office.

Brodkin brings 25 years of experience in the Canadian institutional investment industry to her new position. Most recently, Brodkin was Vice President at T. Rowe Price (Canada), Inc from 2007 to 2011. She established that firm's office in Toronto in early 2007 and was responsible for building and managing its institutional investor business in Canada. Prior to that, she held a number of different roles with other institutions, including a pension plan sponsor, consultant, and investment manager.

Brodkin received a Bachelor of Science degree from the University of Toronto, Masters in Business Administration from York University, Graduate Diploma in Public Accountancy from McGill University, and completed the Directors Education Program at the University Of Toronto-Rotman School Of Management.

She also holds a CA, CFA and has earned her ICD.D (Institute of Corporate Directors) certification.

About AllianceBernstein

AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private clients in major world markets.

At September 30, 2011, AllianceBernstein Holding L.P. (NYSE: AB) owned approximately 37.8% of the issued and outstanding AllianceBernstein Units and AXA, one of the largest global financial services organizations, owned an approximate 63.1% economic interest in AllianceBernstein.

Additional information about AllianceBernstein may be found on our internet site, www.alliancebernstein.com.

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SOURCE AllianceBernstein L.P.

For further information: Andrea Prochniak, Investors, +1-212-756-4542, andrea.prochniak@alliancebernstein.com, or John Meyers, Media, +1-212-969-2301, john.meyers@alliancebernstein.com Web Site: http://www.alliancebernstein.com

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