Bernstein Private Wealth Management Promotes Alex Chaloff to CIO

Alex Chaloff

AllianceBernstein’s Bernstein Private Wealth Management has promoted Alex Chaloff to the newly created position of CIO.

Chaloff, who oversees Bernstein’s $113 billion platform, will lead a team of strategists involved in investments and wealth planning, including asset allocation advice, investment platform oversight, model portfolio construction, new product development, manager research, tax planning and solutions and estate planning research. He will also be in charge of the firm’s investment partnerships and other outside managers dealing with traditional and alternative asset classes.

“Under Alex’s investment leadership, Bernstein Private Wealth has successfully evolved into the investment manager we are today,” Onur Erzan, head of Bernstein Private Wealth and AB Global Client Group, said in a release. “Alex has a passion for our firm and culture, and his strong commitment to our clients is continuously reflected in his investment decisions and asset allocation advice.”

Chaloff joined Bernstein Private Wealth Management in 2005 as a senior portfolio manager and was promoted to head of alternative asset strategies in 2017. In 2020, he was named co-head of investment strategies along with Beata Kirr, and in 2022 the two were tapped as co-heads of investment and wealth strategies.

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Kirr led the firm’s cross-asset class responsible investing portfolio evolution and created the Investment Committee for Bernstein Impact Alternatives, its custom private equity and venture capital impact fund. Kirr is leaving the company to become chief impact officer at private investing firm The Copia Group.

“We celebrate Beata’s many contributions to the firm over her 16-year career with Bernstein, including leadership of our Purpose Driven platform and our Women & Wealth programming,” Erzan said. “We wish Beata great success in the next chapter of her career, as she departs to focus fully on the launch of a new impact investing alternative manager.”

Prior to joining Bernstein Private Wealth Management, Chaloff was manager director at Wilshire Associates for more than four years, according to his LinkedIn profile. He earned his bachelor’s degree in government and politics at the University of Maryland and his MBA in corporate finance at the University of Southern California’s Marshall School of Business.