AllianceBernstein Holding L.P. (NYSE:AB) Q4 2022 Earnings Conference Call February 9, 2023 9:30 AM ET

Company Participants

Mark Griffin - Head, Investor Relations

Seth Bernstein - President & Chief Executive Officer

Kate Burke - Chief Operating Officer & Chief Financial Officer

Onur Erzan - Head, Global Client Group & Private Wealth

Conference Call Participants

Alex Blostein - Goldman Sachs

Bill Katz - Credit Suisse

Craig Siegenthaler - Bank of America

Dan Fannon - Jefferies

John Dunn - Evercore

Operator

Thank you for standing by, and welcome to the AllianceBernstein Fourth Quarter 2022 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 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 fourth quarter 2022 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 Onur Erzan, Head of Global Client Group and Private Wealth. Bill Siemers, Controller and Chief Accounting Officer, will join us for questions after our prepared remarks.

Some of the information we will 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 beginning on slide 2 of our presentation. You can also find our Safe Harbor language in the MD&A of our 10-K, which we will file on Friday, February 10. 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 will turn it over to Seth.

Seth Bernstein

Good morning and thank you for joining us today. Despite a fourth quarter market rally 2022 was a challenging year for diversified investors, with equity and debt markets both down double-digits and fixed income markets posting their worst annual returns on record.