AllianceBernstein Institutional Investments Bolsters Defined Contribution National Sales Team.

Hires Seasoned Sales Executives Dan Darfler and Kathleen Powers Dunlap

NEW YORK -- AllianceBernstein Institutional Investments (NYSE: AB) today announced that Dan Darfler and Kathleen Dunlap have each been appointed Director, Defined Contribution Advisor as part of an ongoing commitment to enhance AllianceBernstein's Defined Contribution Specialist Team. Both Mr. Darfler and Ms. Dunlap report to Sharon French, Managing Director, Defined Contribution Business Development and Client Relations.

Mr. Darfler and Ms. Dunlap are responsible for overseeing the East Coast and West Coast regions, respectively, of the company's Defined Contributions sales program. They will be working in a sales and client servicing capacity, targeting prospects with greater than $500 million in defined contribution plan assets.

"Filling these key roles was a top priority," said Ms. French. "I'm confident their extensive knowledge, relationships and expertise will enhance the firm's capability to serve large defined contribution clients throughout the United States."

Prior to joining AllianceBernstein, Mr. Darfler served as vice president of institutional sales at JPMorgan Retirement Plan Services. Before that, he was vice president and national sales manager at American Century Retirement Plan Services, where he oversaw the merging of JPMorgan and American Century defined contribution offices. He has held senior positions in institutional sales and marketing at Twentieth Century Services, T. Rowe Price and IBM Corporation. He earned a bachelor of arts degree in finance from the University of Notre Dame.

"Dan has a long and successful track record in the defined contribution market and is a welcome addition to the AllianceBernstein Defined Contribution Specialist Team," said Ms. French. "As our new head of the East Coast region, Dan's market insight and strong relationships will enhance the presence and success of AllianceBernstein in this important market."

Ms. Dunlap has also held senior sales and marketing positions with leading institutional investment management firms. Previously, Ms. Dunlap was a managing director at Barclays Global Investors (BGI) for more than a decade. At BGI, she was a regional sales manager in the Defined Contribution group and later was head of US Marketing. In addition, Ms. Dunlap served as the Chief Marketing Officer for a Chicago-based hedge fund where she spearheaded global branding, product development and public relations. In addition, Ms. Dunlap was President and Chief Executive Officer of PrivateTrade, a company focused on the private equity secondary market. She holds a bachelor of science degree in economics from the University of San Francisco.

"Kathleen's deep expertise in defined contribution combined with diverse experience in hedge funds and private equity gives her a unique perspective on portfolio management critical to educating today's plan sponsors on risk and opportunities," said Ms. French. "Kathleen possesses a keen understanding of the challenges facing plan sponsors and strong relationships with major pension funds and CIOs."

ABOUT ALLIANCEBERNSTEIN

AllianceBernstein L.P. ("AllianceBernstein") is a leading global investment management firm providing investment management services for many of the largest U.S. public and private employee benefit plans, foundations, public employee retirement funds, pension funds, endowments, banks, insurance companies and high-net-worth individuals worldwide. AllianceBernstein is also one of the largest mutual fund sponsors, with a diverse family of globally distributed mutual fund portfolios. Through its subsidiary, Sanford C. Bernstein & Co., LLC, AllianceBernstein provides in-depth research, portfolio strategy and trade execution to the institutional investment community.