Financial firm AllianceBernstein Holding LP is moving its global headquarters from New York to Tennessee, bringing 1,050 jobs and investing more than $70 million in Nashville.
Tennessee Gov. Bill Haslam, Nashville Mayor David Briley and state economic development chief Bob Rolfe announced the company's plan Wednesday at a news conference.
“Tennessee is home to many world-renowned brands and we’re extremely proud to welcome AllianceBernstein, a global financial leader, to Nashville,” Haslam said. “Tennessee’s pro-growth policies continue to attract international companies to our state, providing fantastic job opportunities for our citizens. AB’s decision to bring 1,050 corporate office jobs to Nashville is an incredible win for our state and shows that Tennessee will lead in creating high quality jobs.”
AllianceBernstein President and CEO Seth Bernstein said the company sees Nashville as a game-changer in terms of ability to source, develop and retain talent. He said the company will maintain a presence in New York. It has about 3,500 employees and offices in more than 22 countries.
The Nashville headquarters will include finance, information technology, operations, legal, compliance, internal audit, human resources, sales and marketing.
AllianceBernstein manages about $549 billion in assets.