AllianceBernstein announces Onur Erzan as President
AllianceBernstein (NYSE: AB) announced that Onur Erzan was appointed President effective January 5, 2026.
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Rhea-AI Summary
AllianceBernstein (NYSE: AB) announced that Onur Erzan was appointed President effective January 5, 2026.
Erzan will partner with CEO Seth Bernstein to oversee AB's business transformation, lead strategy and corporate development, and continue to run Private Wealth Management, Global Asset Management Distribution and Global Private Alternatives—roles he assumed in Fall 2025. He will serve as Chair of the AB Operating Committee and remains a member of the Equitable Holdings Management Committee. Erzan joined AB in January 2021 after 20 years at McKinsey and played a key role expanding AB's distribution, ETFs, insurance asset-management vertical, and retirement income solutions.
Positive
- Appointment effective Jan 5, 2026
- Retains leadership of Private Wealth, Global Distribution, Private Alternatives
- Assumes Strategy and Corporate Development responsibilities
- Named Chair of the AB Operating Committee
- Member of the Equitable Holdings Management Committee
- Prior 20 years at McKinsey, senior partner experience
Negative
- None.
Details
News Market Reaction – AB
On Jan 5, the day this news came out, AB closed 1.68% above the previous close.
Data tracked by StockTitan Argus for the Jan 5 session.
Key Figures
- Appointment effective date
- Jan 5, 2026
- Onur Erzan named President effective this date
- McKinsey tenure
- 20 years
- Time Onur Erzan spent at McKinsey & Company
- Joined AB
- January 2021
- Onur Erzan’s joining date at AB
- Role expansion timing
- Fall 2025
- When Erzan assumed leadership of key AB businesses
Historical Context
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Launch of actively managed AB US Equity ETF XCHG on NYSE.
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Correction clarifying details on newly launched AB US Equity ETF.
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Reported AUM decline to $865B driven by institutional outflows.
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CEO participation in Goldman Sachs 2025 US Financial Services Conference.
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Reported AUM increase to $869B, a 1% month‑end rise.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
private wealth management financial
exchange-traded funds financial
ultra-high-net-worth financial
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As President, he will partner with CEO Seth Bernstein to oversee the transformation of AB's business and prioritization of strategic initiatives, while developing new and innovative solutions and value-added services to respond to evolving client needs. Erzan will continue to lead AB's Private Wealth Management, Global Asset Management Distribution and Global Private Alternatives businesses, which he assumed in Fall 2025. In addition, Erzan will assume responsibility for AB's Strategy and Corporate Development functions.
"This is a pivotal moment for AB," said AB's CEO Seth Bernstein. "Onur's appointment to President underscores his criticality to AB and Equitable Holdings, and his strong connections both within the firm and across the industry. Onur has built a robust and effective distribution business through his commitment to our clients. He has a passion for winning and a strong belief in identifying key success factors for our business and future success."
In asset management, Erzan has shaped and executed AB's global distribution strategy and has played a pivotal role in expanding AB into new business areas, including the launch of its active exchange-traded funds business, the creation of an integrated insurance asset-management vertical and the enhancement of retirement income solutions.
In private wealth, Erzan has implemented client-segment-specific strategies, providing tailored offerings for ultra-high-net-worth clients. Under his leadership, the wealth advisor force has continued to expand, and he has been instrumental in strengthening external partnerships with banking institutions and international custodians, enhancing AB's global reach and client service capabilities.
"Since joining AB, I've been inspired by our colleagues in offices around the world, our firm's commitment to innovation, and our collective passion to ensure client success," said AB's President Onur Erzan. "I'm honored to step into the role of President and look forward to charting the firm's future alongside Seth."
Onur remains a member of the Equitable Holdings Management Committee and will now serve as Chair of the AB Operating Committee. Prior to joining AB in January 2021, Onur spent 20 years with McKinsey & Company, most recently as a Senior Partner and co-leader of its Wealth & Asset Management practice.
For more information and to learn more about Onur, click here to read his bio.
About AllianceBernstein
AllianceBernstein is a leading global investment management firm that offers diversified investment services to institutional investors, individuals, and private wealth clients in major world markets. As of November 30, 2025, AllianceBernstein had
View original content:https://www.prnewswire.com/news-releases/alliancebernstein-announces-onur-erzan-as-president-302652327.html
SOURCE AllianceBernstein
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