May
01
Wall Street Job Exodus Grows as AllianceBernstein Move Leaks
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More than 1,000 staff may go to Nashville, local report says
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It’s part of a trend as firms in New York look to lower costs
New York’s hold on finance and investing jobs keeps slipping.
On Tuesday, word began leaking in both Manhattan and Nashville, Tennessee, that AllianceBernstein Holding LP plans to relocate its headquarters from the city known for Broadway shows to one more famous for country music. The firm’s senior leaders including Chief Executive Officer Seth Bernstein will move, according to the Wall Street Journal. And they may be joined by more than 1,000 staff, the Nashville Post reported…
