AllianceBernstein has named Sharon Fay, a 20-year veteran of the firm, as its new CIO of equities.

In the newly created position, Fay, previously head of value equities, will be responsible for overseeing the functions of the growth and value investment services teams. According to the July 26 announcement, the New York- and London-based money manager said that she has been a “pioneer in international and global investing and has transformed the firm’s value investments into a global platform.”

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