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AllianceBernstein Locates Headquarters in Nashville, Tennessee

05/03/2018
AllianceBernstein, the global asset management firm, will invest more than $70 million to establish its corporate headquarters in Nashville, Tennessee.

“We see Nashville as a game-changer in terms of our ability to source, develop and retain talent, provide a high quality of life for our employees, enhance our competitive edge in an increasingly challenging marketplace and make a lasting impact on our new community,” Seth P. Bernstein, President & CEO of AllianceBernstein, said. “While we will always maintain a presence in New York City and are a global firm with offices in more than 22 countries, we are very proud and excited to call Nashville our new corporate headquarters.” AB’s new Nashville headquarters will include finance, IT, operations, legal, compliance, internal audit, human resources, sales and marketing.

“Tennessee is home to many world-renowned brands and we’re extremely proud to welcome AllianceBernstein, a global financial leader, to Nashville,” Governor Bill 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’s selection of Middle Tennessee for its global headquarters underscores Nashville’s rising profile as a hub for U.S. and international businesses and reflects the continuing robust growth of the entire region,” Department of Economic and Community Development Commissioner Bob Rolfe said. “Since 2011, Tennessee’s financial industry has grown at the second fastest rate in the Southeast, creating approximately 24,500 jobs. I’d like to thank AB for bringing so many high quality jobs to Nashville, and I look forward to the many ways AB will impact Nashville and the surrounding counties by its presence in Davidson County.”

“AllianceBernstein’s decision to locate its new corporate headquarters in Nashville and invest more than $70 million is great news for Tennesseans,” U.S. Senator Bob Corker said. “As an international leader in its industry, AllianceBernstein can establish a presence anywhere in the world but chose to bring more than 1,000 jobs to the Volunteer State, and I appreciated the opportunity to recently speak with the CEO about the company’s future in Davidson County.”

“This announcement is a prime example of how Tennessee’s business-friendly environment, combined with the pro-growth tax reform legislation I supported on the federal level, has our state firing on all cylinders. In conversations with Commissioner Rolfe during the Senate debate this past winter, it was clear how important tax reform would be to job recruitment in Tennessee, and I am glad we are now seeing the results,” he Senator added.

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