Richard Haxe, senior managing director and co-head of the client group for Europe, the Middle East and Africa at AllianceBernstein, is leaving the company, according to a company news release.
Timothy Ryan, CEO of AllianceBernstein in the U.K. and co-head of the EMEA client group, will assume Mr. Haxe's responsibilities and become sole head of the client group. Mr. Ryan will continue to report to Robert Keith, executive managing director and head of institutional and retail client services, sales and marketing.
An AllianceBernstein spokesman did not have further information about Mr. Haxe's departure. Mr. Haxe, who was promoted to his current role a year ago, could not be reached by press time for comment.