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Deals & People March 31, 2011
Former Fidelity Exec to Head AllianceBernstein DCIO Sales Team
AllianceBernstein has announced that Craig Lombardi has joined the firm as Managing Director—Defined Contribution Investment-Only (DCIO) Sales.
Reported by PLANADVISER Staff
In this role, Lombardi will be responsible for leading the firm’s DCIO sales team, which covers intermediaries such as financial advisors and consultants, and works with regional salespeople from the retirement platforms where AllianceBernstein funds are included.
“Craig’s experience in sales management and his knowledge of the DC market make him well positioned to bring the distribution of our DC products and services in the intermediary space to the next level,” said Joel R. Stevens II, Senior Managing Director—Americas, AllianceBernstein Institutional Investments, in a press release.
Lombardi is a 20-year veteran of Fidelity Investments Institutional Services, Inc., where he served as national sales manager of the Institutional Insurance Platform Variable Annuity and DC sales teams, among other roles.
“Because the DC business continues to be a priority for the firm, we are bolstering our resources in this area. We continue to experience growth in both our assets under management and the range of products we offer,” says Thomas J. Fontaine, Head of AllianceBernstein Defined Contribution Investments.
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