Davies Returns to AllianceBernstein

Richard (Dick) Davies has returned to AllianceBernstein to lead the firm's defined contribution (DC) business.

He rejoins the company as co-head of North American Institutional. He will partner with Joel Stevens, co-head of North American Institutional, to lead AllianceBernstein’s DC business

“We see defined contribution as critical to the growth of our institutional business,” an AllianceBernstein spokesperson told PLANADVISER.

In March 2011, Davies joined Russell Investments as managing director of its defined contribution business. Prior to that, he was at AllianceBernstein for 15 years in various leadership roles, including senior managing director, defined contribution and sub-advisory relationships, prior to leaving.