Published: February 14, 2024

The following article features Alex Chaloff (Alpha Psi/Maryland 1993). It was originally published by PR Newswire.

NEW YORK - Bernstein Private Wealth Management (Bernstein), a unit of AllianceBernstein L.P. (NYSE: AB), announced today the appointment of Alex Chaloff (Alpha Psi/Maryland 1993) as Chief Investment Officer (CIO), Head of Investment and Wealth Strategies. Mr. Chaloff is responsible for directing the $113 billion Bernstein platform.

In his role, Mr. Chaloff will lead a national team of strategists across investments and wealth planning, including asset allocation advice, investment platform oversight, model portfolio construction, new product development, manager research, tax planning and solutions, and estate planning research. He will be responsible for Bernstein's investment partnerships and other outside managers across traditional and alternative asset classes.

"In his 18 years at Bernstein Private Wealth, Alex has become a well-known, highly-respected industry veteran, demonstrating a track record of success in managing – and helping to grow – the investment platform for our Private Wealth clients across the country," said AllianceBernstein President and CEO, Seth Bernstein.

Mr. Chaloff joined Bernstein Private Wealth Management in 2005 and was named Head of Alternative Asset Strategies in 2017. In 2020, he was named Co-Head of Investment Strategies, and in 2022 was named Co-Head of Investment and Wealth Strategies. As an industry research leader, Mr. Chaloff constructed a leading-edge Alternative Asset Allocation quantitative framework for the Private Wealth business and authored several whitepapers focused on alternative asset allocation advice. Mr. Chaloff has also led the significant expansion of the Private Wealth Management investment platform, launching several new investment strategies over the last 10 years for clients.

"Under Alex's investment leadership, Bernstein Private Wealth has successfully evolved into the investment manager we are today," said Head of Bernstein Private Wealth and AB Global Client Group Onur Erzan. "Alex has a passion for our firm and culture, and his strong commitment to our clients is continuously reflected in his investment decisions and asset allocation advice."

Beata Kirr, previously the Co-head of Investment & Wealth Strategies, is departing the firm to pursue her passion for direct impact investing. "We celebrate Beata's many contributions to the firm over her 16-year career with Bernstein, including leadership of our Purpose Driven platform and our Women & Wealth programming," added Erzan. "We wish Beata great success in the next chapter of her career, as she departs to focus fully on the launch of a new impact investing alternative manager.