New Alliance Bernstein CEO Seth Bernstein and executives of major shareholder AXA have indicated they're inclined to keep former chief Peter Kraus's strategies, despite his unceremonious dismissal.
Puerto Rico is currently in what amounts to municipal bankruptcy court.
Axa, Europe's second largest. insurer will sell a minority stake in its US operations after ousting AllianceBernstein CEO Peter Kraus.
Peter Kraus becameCEO in 2008.