The challenge Alliance Capital of New York faces is not to move into, but to expand its foreign presence, said Kurt Schoknecht, recently named director of Alliance's $25 billion offshore business. The challenge is maintaining the company's international momentum and forging additional new international partnerships, including in emerging markets, he said.
Schoknecht has had a lifetime of international experience. In 1968, as a sixteen-year-old, he spent a year in Italy as a high school foreign exchange student. In 1977, Schoknecht earned an MBA at Stanford University with an eye towards international business. That same year, he joined Citibank as an international banker stationed in London and spent the next six years of his career traveling throughout Europe, particularly in Germany and Italy.