AllianceBernstein Holding L.P. (NYSE:AB) Q1 2023 Earnings Conference Call April 27, 2023 9:00 AM ET

Company Participants

Mark Griffin - Head, Investor Relations

Seth Bernstein - President & Chief Executive Officer

Scott DiMaggio - Co-Head of Fixed Income

Gershon Distenfeld - Co-Head of Fixed Income

Kate Burke - Chief Operating Officer & Chief Financial Officer

Onur Erzan - Head, Global Client Group & Private Wealth

Conference Call Participants

Craig Siegenthaler - Bank of America

Alex Blostein - Goldman Sachs

Bill Katz - Credit Suisse

John Dunn - Evercore

Operator

Thank you for standing by and welcome to the AllianceBernstein First 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 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 of this call Head of Investor Relations, Mr. Mark Griffin. Please go ahead.

Mark Griffin

Thank you operator. Good morning everyone and welcome to our first 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; Kate Burke, COO and CFO; and our Co-Head of Fixed Income, Scott DiMaggio and Gershon Distenfeld; Onur Erzan, Head of Global Client Group in 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. 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. The first quarter saw positive returns in both equities and fixed income markets though equity leadership was relatively narrow and yields in bond markets were volatile. Our global platform generated positive net flows as retail and high net worth investors became more comfortable taking on risk and we're keen to take advantage of higher fixed income yields.