AllianceBerstein hires muni analysts for Dallas office

BY SourceMedia | MUNICIPAL | 12/10/25 03:22 PM EST

AllianceBernstein (AB) hired four municipal credit special situations analysts based in its Dallas office, the firm announced this month.

The hires are Ramiro Albarran, as a senior vice president and head of AB's Special Situations Analyst Team; Chad Ohlendorf, as a senior vice president/municipal special situations analyst; John Dinan as a senior vice president/municipal special situations analyst; and Madeleine Rehfeld (Winges) as a vice president/municipal special situations analyst.

The four were previously part of the municipal origination team at Preston Hollow Community Capital.

In their roles at AB, the analysts partner closely with AB's municipal portfolio management, trading, and credit research teams to identify new investment opportunities in the high-yield municipal market, according to a statement from the firm.

"As the municipal landscape evolves and our platform expands, we are excited to welcome these industry veterans to the team," AB's Chief Investment Officer for Municipal Bonds Matt Norton said in the statement. "Their proficiency will not only enhance our existing municipal strategies but also enable us to explore innovative investment solutions tailored to our clients' needs."

AB's Head of Municipals Jim Switzer said that while investment in technology remains a cornerstone of the firm's strategy, "the new extension of our team fortifies our municipal credit capabilities and allows AB to continue to differentiate our platform."

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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