UPDATE 1-AllianceBernstein seeks new CFO after resignation

* John Howard to stay until Feb. 15, then return to AQR

* Firm under pressure from outflows

BOSTON, Jan 12 (BestGrowthStock) – Asset manager AllianceBernstein
Holding LP (AB.N: ) said Chief Financial Officer John Howard will
leave the company on Feb. 15 to return to his past job as Chief
Operating Officer of investment firm AQR Capital Management.

Howard, 41, had joined AllianceBernstein of New York about
a year ago. He will be replaced on an interim basis by
Controller Edward J. Farrell, aged 50, the company said in a
statement.

AllianceBernstein will conduct an internal and external
search for a successor, it said.

AllianceBernstein is among a number of asset managers that
through the third quarter were reporting continued outflows
from their funds, putting pressure on top executives.

Another company in the same situation is Legg Mason Inc
(LM.N: ) of Baltimore, which former CFO C.J. Daley left for a
privately held asset manager over the summer. Daley was
recently replaced by Peter Nachtwey from private equity firm
Carlyle Group.

(Reporting by Ross Kerber; Editing by Richard Chang)