AllianceBernstein has appointed Miguel Luzárraga to lead its new office in Spain.
Luzárraga, who has been hired as AllianceBernstein’s responsible for Spain and Portugal, joins the firm from JP Morgan AM, where he has worked for the past twelve years. Luzárraga joined JP Morgan AM in 2006, starting working for the manager’s institutional business in Spain, Andorra, and Portugal. Later, he came to be the firm’s retail sales director, a role he has been holding to the date.
Prior to that, Luzárraga worked at the sales department of Crédit Agricole for nearly two years and also at Invesco.
AllianceBernstein is based in New York and had some €474.45bn in assets under management as of the end of June 2018. Before launching in Spain, the firm served its Iberian clients through the office it has in Miami.
José Cosio, AllianceBernstein’s head for Southern Europe, said: “We have successfully served our clients in Iberia from our Latin American office in Miami. Given the growth we have experienced, we have considered that this is the right time to take the important step of having local presence in Spain to better serve this important market. We see a growing interest in Spain and Portugal for differentiated and results-oriented investment solutions across our range of equities, fixed income and multi-assets.”