Alliance Capital Management Holding and Alliance Capital Management have appointed Lewis Sanders as CEO of Alliance Capital, effective June 30. Most recently, Sanders served as director, vice chairman and CIO of Alliance Capital. Prior to that, he was chairman and CEO of Sanford C. Bernstein & Co. Sanders is a CFA, a NYSE supervisory analyst and previously a member of the Institutional Investor All-America Research Team for four years.
Current Chairman and CEO Bruce Calvert, who will remain as chairman, said he believes the time is right to separate the offices of chairman and CEO.
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