The French parent company of AllianceBernstein Holding LP fired the money manager’s chief executive and removed all of its independent board members. Peter Kraus, a former Goldman Sachs Group Inc. executive appointed to AllianceBernstein’s top post in 2008, was terminated from his position Friday, according to a securities filing. Seth Bernstein, a former J.P. Morgan Chase & Co. executive, has been named chief executive and...

Source: Wall Street Journal May 01, 2017 12:30 UTC