Gerald M. Lieberman Retiring as President and Chief Operating Officer of AllianceBernstein

Gerald M. Lieberman Retiring as President and Chief Operating Officer of
AllianceBernstein

NEW YORK, June 10 /PRNewswire-FirstCall/ -- AllianceBernstein Holding L.P.
(NYSE: AB) and AllianceBernstein L.P. today announced that Gerald M.
Lieberman, 62, will be retiring as president and chief operating officer,
effective July 31, 2009. David A. Steyn, global head of distribution for
AllianceBernstein, will assume the role of chief operating officer.

Peter S. Kraus, chairman and chief executive officer of AllianceBernstein,
said, "Jerry has played a significant role in shaping our firm as we know it
today, most notably in developing our global integrated platform, risk
management, corporate governance and financial transparency. He has also led
our firmwide expense-reduction efforts which have strengthened the firm's
financial position, now and for the future."

"My time at AllianceBernstein has been both professionally and personally
rewarding," said Mr. Lieberman. "I am confident that the deep pool of
leadership and talent at the firm will continue to do well for our clients,
our employees and our unitholders."

Mr. Steyn, 49, will continue to oversee AllianceBernstein's distribution
services in addition to assuming his new duties as chief operating officer.
Mr. Kraus said, "With 30 years of both investment and sales-management
experience in the financial services industry, including the last 10 with our
firm, David brings a wealth of knowledge and the broad perspective necessary
to succeed in his new role."

About AllianceBernstein

AllianceBernstein is a leading global investment management firm that offers
high-quality research and diversified investment services to institutional
clients, individuals and private clients in major markets around the world.
AllianceBernstein employs more than 500 investment professionals with
expertise in growth equities, value equities, fixed income securities, blend
strategies and alternative investments and, through its subsidiaries and joint
ventures, operates in more than 20 countries. AllianceBernstein's research
disciplines include fundamental research, quantitative research, economic
research and currency forecasting capabilities. Through its integrated global
platform, AllianceBernstein is well-positioned to tailor investment solutions
for its clients. AllianceBernstein also offers independent research, portfolio
strategy and brokerage-related services to institutional investors.

At March 31, 2009, AllianceBernstein Holding L.P. owned approximately 34.3% of
the issued and outstanding AllianceBernstein Units and AXA, one of the largest
global financial services organizations, owned an approximate 64.3% economic
interest in AllianceBernstein.

Cautions regarding Forward-Looking Statements

Certain statements provided by management in this news release are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to
risks, uncertainties, and other factors that could cause actual results to
differ materially from future results expressed or implied by such
forward-looking statements. The most significant of these factors include, but
are not limited to, the following: the performance of financial markets, the
investment performance of sponsored investment products and separately managed
accounts, general economic conditions, industry trends, future acquisitions,
competitive conditions, and government regulations, including changes in tax
regulations and rates and the manner in which the earnings of publicly traded
partnerships are taxed. We caution readers to carefully consider such factors.
Further, such forward-looking statements speak only as of the date on which
such statements are made; we undertake no obligation to update any
forward-looking statements to reflect events or circumstances after the date
of such statements. For further information regarding these forward-looking
statements and the factors that could cause actual results to differ, see
"Risk Factors" and "Cautions Regarding Forward-Looking Statements" in our Form
10-K for the year ended December 31, 2008 and Form 10-Q for the quarter ended
March 31, 2009. Any or all of the forward-looking statements that we make in
this news release, Form 10-K, Form 10-Q, other documents we file with or
furnish to the SEC, and any other public statements we issue, may turn out to
be wrong. It is important to remember that other factors besides those listed
in "Risk Factors" and "Cautions Regarding Forward-Looking Statements", and
those listed above, could also adversely affect our revenues, financial
condition, results of operations and business prospects.

SOURCE AllianceBernstein L.P.

Philip Talamo, Investor Relations, +1-212-969-2383, ir@alliancebernstein.com,
or John Meyers, Media, +1-212-969-2301, john.meyers@alliancebernstein.com