Bloomberg Law
May 7, 2021, 11:07 AM

Global Asset Manager AllianceBernstein Unveils Legal Transition

Brian Baxter
Brian Baxter

AllianceBernstein Holding LP, an asset management firm controlled by Equitable Holdings Inc., itself a unit of French insurance giant AXA SA, will see its top lawyer Laurence Cranch step down at year’s end.

Cranch, who has spent nearly five decades practicing law, is poised to retire Dec. 31, according to a May 4 securities filing. Cranch serves as AllianceBernstein’s chief legal officer, having initially been hired as the company’s general counsel in 2004.

AllianceBernstein gave Cranch a total compensation package valued at more than $2 million in 2020, according to its annual report filed in February. Cranch’s remuneration ...

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