- AllianceBernstein has been building out a team focused on AI and data science since 2017.
- The team is led by Andrew Chin, AB’s head of investment solutions and data science.
- Here’s how AB uses AI to get an edge, save analysts hours of work, and improve risk management.
Seven years ago, the massive money manager AllianceBernstein set out on a mission to transform itself with AI and data science.
“At the time, I went to my CEO and said, ‘Look, we really need to rebuild our data science capabilities because our industry is changing and for us to be competitive in our industry,” Andrew Chin, who at the time was serving as AB’s chief risk officer and head of quantitative research, told Insider. The changes would be far-reaching, from how AB collects data, to how the organization is structured, to how investment decisions are made, he said.
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