Michael Herskovitz: Depository Trust & Clearing Corporation (DTCC) member of the board. He is a Senior Vice President and Director, Fixed-Income/Derivatives Risk Operations and Technology at AllianceBernstein. In his role, he oversees the key infrastructure related to our fixed-income, derivatives and alternatives areas. Herskovitz joined AB in 2006 from UBS, where he was the managing director for Risk and Finance Technology. Herskovitz has held senior technology management and quantitative research positions with Morgan Stanley, including the London-based role of international CIO, at Merrill Lynch and Zurich Scudder Investments.
He started his financial-services career working on Merrill Lynch’s corporate bond trading desk as a hedging/arbitrage analyst before becoming a mortgage-backed securities research analyst. Since 1985, Herskovitz has gained extensive analytical and technical experience in financial services, including fixed income, commodities, derivative products and risk management. Herskovitz has coauthored two books and many research papers on mortgage-backed securities pricing and analytics. He holds a BS in operations research and an MS in industrial administration from Carnegie Mellon University.
