AllianceBernstein President to Become New CEO

Onur Erzan

AllianceBernstein L.P. announced Friday that company President Onur Erzan will become its CEO, effective April 1, 2027. Erzan will succeed Seth Bernstein, who will retire on March 31, 2027, and continue to serve on the $919 billion asset manager’s board of directors.

Erzan became president in January, a position previously held by Bernstein. As president, Erzan oversees AB’s strategy and corporate development functions and leads the company’s private wealth management, global asset management distribution and global private alternatives businesses.

“I am honored to lead AB at such a pivotal moment in our history,” said Erzan in a statement. “As the asset and wealth management landscape undergoes rapid change—with clients seeking deeper partnerships, broader capabilities and more integrated solutions—AB is uniquely positioned to deliver. … I look forward to writing the next chapter of AB’s story alongside our talented and committed colleagues across the globe.”

Prior to joining AB, Erzan spent 20 years with McKinsey & Co., most recently as a senior partner and co-leader of its wealth and asset management practice.

Bernstein worked for 32 years at J.P. Morgan, becoming the managing director and global head of managed solutions and strategy at J.P. Morgan Asset Management. In 2017, Bernstein became both president and CEO of AllianceBernstein. The following year, he was appointed senior vice president and head of asset management at Equitable Holdings Inc., which owns a majority stake in AB. Equitable announced its intention to merge with Corebridge Financial Inc. in May.

Bernstein is of no relation to Sanford Bernstein, founder of a namesake firm now known as AB.

AB had $919 billion in assets under management as of August 31.