Bernstein Private Wealth Management (Bernstein), a unit of AllianceBernstein (AB), has appointed James Seth Thompson as Head of Diverse Markets Strategy, the firm’s first-ever role dedicated to diversity, inclusion and the multicultural marketplace.
In this newly created position, Thompson (pictured), will lead efforts to develop relationships with multicultural high-net-worth individuals and their families, business owners, institutions and not-for-profit organisations, and provide them access to Bernstein’s research and investment planning expertise.
“We believe strongly that this role presents us a significant opportunity to attract and better serve investors in this fast-growing segment of the market,” says Joel Stevens, Senior Managing Director at Bernstein. “We’re thrilled to partner with diverse accountants, attorneys, consultants and investment bankers to introduce Bernstein’s services to a broader opportunity set of clientele as well as to enhance our ability to attract and develop diverse talent.”
Prior to this role, Thompson led business development, marketing strategy and program execution for AB’s global insurance arm, and before that, for the firm’s North America institutional and insurance services divisions. Reflecting AB’s strong commitment to fostering a diverse and inclusive environment, Thompson has also held several distinct leadership roles to promote the professional development of diverse talent internally across the firm. He has also worked with external organisations focused on diversity and inclusion (D&I), which includes partnerships with academic institutions such as Historically Black Colleges and Universities, to recruit from diverse groups throughout the US.
“AB is deeply committed to cultivating a diverse and inclusive workforce,” says Janessa Cox, Head of Diversity and Inclusion at AB. “We’re excited to have James in the firm’s first-ever, client-focused role that supports our D&I values and believe it will allow him to positively impact our culture, both internally and with our clients.”