MONEY MANAGEMENT

AllianceBernstein recruits global multiasset research director

Jess Gaspar has joined AllianceBernstein (AB) as global director of research for its multiasset solutions group, a news release said.

The position is new. Mr. Gaspar will oversee research and help grow client awareness for AllianceBernstein's multiasset solutions group, which has $114 billion in assets under management. He will report to Vadim Zlotnikov, chief market strategies, co-head of multiasset strategies and chief investment officer of systematic and index strategies.

Mr. Gaspar was head of asset allocation and research at Commonfund. His responsibilities are being assumed by existing team members, said Commonfund spokesman Kyle Kuhnel.

AllianceBernstein reported $480.2 billion in AUM as of Dec. 31.

Spokesman Jonathan Freedman was unavailable for comment by press time.