AllianceBernstein appoints first ever CIO of insurance

Written by Adam Cadle

19/04/2024

AllianceBernstein (AB) has announced that Geoff Cornell will join the firm as the chief investment officer (CIO) of insurance.

As the firm’s first-ever CIO of insurance, Cornell will be responsible for developing and executing the continued build out of AB’s insurance business, and will oversee the insurance investment function, lead AB’s insurance client team and efforts, and ensure a robust set of insurance product solutions across asset classes. He will also direct business development efforts with prospective clients around the world.

“Today’s announcement marks another milestone in the continued expansion of AB’s integrated global insurance investment management business,” said AB’s head of global client group and head of private wealth Onur Erzan.

“I look forward to working closely with Cornell across the full spectrum of client opportunities we are seeing in the marketplace, including single mandates, outsourced investment management, and strategic partnerships. Cornell's first-hand experience in managing large insurance general accounts across public and private asset classes, combined with his thirty years of extensive industry knowledge, will add significantly to AB’s longstanding track record in insurance investments.”

Cornell is the former CIO of AIG’s life and retirement business (now known as Corebridge Financial) and former deputy CIO of AIG. He had a thirty-year career at AIG across all asset classes and both the P&C and life & retirement businesses

He will join AllianceBernstein on 1 May 2024, and will be based in New York City. He will also become a member of the firm’s operating committee.

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