AllianceBernstein Holding L.P. (NYSE:AB) Q2 2023 Earnings Conference Call July 28, 2023 10:00 AM ET

Company Participants

Mark Griffin - Head, IR

Seth Bernstein - President & CEO

Bill Siemers - Interim CFO, Controller & CAO

Karl Sprules - COO

Onur Erzan - Head, Global Client Group & Head, Private Wealth

Conference Call Participants

Daniel Fannon - Jefferies

Craig Siegenthaler - Bank of America

John Dunn - Evercore ISI

Alex Blostein - Goldman Sachs

Operator

Thank you for standing by and welcome to the AllianceBernstein Second Quarter 2023 Earnings Review. At this time, all participants are in a listen-only mode. After the remarks, there will be question-and-answer session and I will give you instructions on how to ask questions at that time. As a reminder, this conference is being recorded, and will be available for replay on our website shortly after the conclusion of this call.

I would now like to turn the conference over to the host for this call Head of Investor Relations for AB, Mr. Mark Griffin. Please go ahead.

Mark Griffin

Thank you, Operator. Good morning, everyone, and welcome to our second quarter 2023 earnings review. This conference call is being webcast and accompanied by a slide presentation that's posted in the Investor Relations section of our website, www.alliancebernstein.com.

With us today to discuss the company's results for the quarter are Seth Bernstein, our President and CEO; and Bill Siemers, Interim CFO, Controller and Chief Accounting Officer. Karl Sprules, Chief Operating Officer; and Onur Erzan, Head of Global Client Group and Private Wealth will join us for questions after our prepared remarks.

Some of the information we'll present today is forward-looking and subject to certain SEC rules and regulations regarding disclosure. So I'd like to point out the Safe Harbor language on Slide 2 of our presentation. You can also find our Safe Harbor language in the MD&A of our 10-Q, which we filed yesterday. Under Regulation FD management may only address questions of material nature from the investment community in a public forum. So please ask all such questions during this call.

Now, I'll turn it over to Seth.

Seth Bernstein

Good morning and thank you for joining us today.

In the second quarter, equity markets continued to rebound with the bulk of the gains in June led by a small number of large U.S. technology companies. Government bond yields rose amidst generally higher rates and a significant drop in market volatility.