Financial firm to add 200 jobs at new Tennessee headquarters

January 15, 2020 at 7:00 p.m. | Updated January 15, 2020 at 7:45 p.m.

by Associated Press

AllianceBernstein LP President and CEO Seth Bernstein, left, shakes hands with state Rep. Brenda Gilmore as Tennessee Gov. Bill Haslam looks on Wednesday, May 2, 2018, at the state Capitol in Nashville. The financial company announced it will move its global headquarters from New York to Nashville, Tenn., bringing 1,050 jobs and investing more than $70 million in the booming southern city. (AP Photo/Jonathan Mattise)
AllianceBernstein LP President and CEO Seth Bernstein, left, shakes hands with state Rep. Brenda Gilmore as Tennessee Gov. Bill Haslam looks on Wednesday, May 2, 2018, at the state Capitol in Nashville. The financial company announced it will move its global headquarters from New York to Nashville, Tenn., bringing 1,050 jobs and investing more than $70 million in the booming southern city. (AP Photo/Jonathan Mattise)

NASHVILLE, Tenn. (AP) -- A financial firm plans to create 200 more jobs than first announced in relocating its global headquarters from New York to Nashville, state economic development officials said Tuesday.

AllianceBernstein plans to invest another $11.4 million in Nashville and fill 200 various additional tech, operations and compliance jobs. That brings the company's total planned investment in Nashville to more than $80 million, according to the state Department of Economic and Community Development.

The company announced plans in May 2018 to relocate and bring 1,050 jobs. The company plans to move into its permanent downtown Nashville headquarters by the end of 2020.

In 2018, state officials approved $17.5 million in financial incentives for AllianceBernstein. The firm has about $623 billion in assets under management, nearly 3,800 employees and offices in 25 countries.

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