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NEW YORK, June 22 /PRNewswire/ -- Alliance Capital Management Holding L.P. (NYSE: AC) and Alliance Capital Management L.P. today announced a new management team for the Regent Investor Services division.
Scott C. Sipple, currently a senior vice president responsible for global mutual fund product management at Alliance, has been named managing director of Regent. John Gagliano, currently a regional sales manager for the broker-dealer division of Alliance's mutual fund business, will become national sales manager for Regent, as well as for Alliance's overall managed accounts business. Catherine D. Wood, senior vice president and portfolio manager at Alliance, will take on the additional responsibility of chief investment officer at Regent, reporting to Bruce Calvert, Alliance chairman and chief executive officer.
"We are excited about our new management team at Regent and the depth of experience they bring to the table," said John D. Carifa, president of Alliance Capital. "Cathie Wood brings many years of experience as chief economist and portfolio manager at Jennison Associates, a perfect match for the sector-oriented investment style of Regent. Scott Sipple's past experience in the institutional and high net worth investments arena will be a decided plus for Regent's core managed accounts business. Likewise, John Gagliano has a background rooted in managed accounts and the broker-dealer community."
Alliance Capital is a leading global investment management firm with approximately $433 billion in assets under management at March 31, 2001. Alliance Capital provides investment management services for many of the largest U.S. public and private employee benefit plans, foundations, public employee retirement funds, pension funds, endowments, banks, insurance companies and high-net-worth individuals worldwide. Alliance Capital is also one of the largest mutual fund sponsors, with a diverse family of globally distributed mutual fund portfolios. As one of the world's leading global investment management organizations, Alliance Capital is able to compete for virtually any portfolio assignment in any developed capital market in the world. Alliance Holding owns approximately 30% of the units of limited partnership interest in Alliance Capital. AXA Financial, Inc. owns approximately 2% of the outstanding Alliance Holding Units and approximately 53% of the outstanding Alliance Capital Units, representing an approximate 53% economic interest in Alliance Capital. AXA Financial, Inc. is a wholly owned subsidiary of AXA, one of the largest and most rapidly expanding financial services organizations.
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SOURCE Alliance Capital
CONTACT: Stephanie Giaramita, 212-969-6387, stephanie_giaramita@acml.com, or John Meyers, 212-969-2301, john_meyers@acml.com, both of Alliance Capital/