Subject: Michael Herskovitz

Subject of Interest

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.

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