AllianceBernstein has hired two new executives for its alternative business, which the firm has targeted for expansion.
To that end, AB hired George Yepes and Jeff Saltzman “to support the continued growth and expansion of its alternative business,” the firm stated. Yepes joins AB from Financial Risk Management, where he was the head of North American Distribution and Relationship Management. Saltzman joins AB from Bank of America Merrill Lynch's Cross-Asset Solutions and Strategies group.
At AB, Yepes is expected to work with the firm’s large-market advisors and consultant relations team. Saltzman will focus on the endowment and foundation client sector, given his experience working with institutional clients and family offices on alternatives transactions. Both will work in AB's New York office, reporting to Joel Stevens, head of institutional investments and Chris Bricker, head of alternatives business strategy.
“George and Jeff will play an important role in our efforts to develop a deeper client engagement framework around alternatives,” noted Stevens.
