Jennifer Friedland
About Jennifer Friedland
Jennifer Friedland is Chief Compliance Officer (CCO) of AFB’s funds and affiliated AB funds, serving as CCO of the Funds since January 2023. She is a Vice President of AllianceBernstein L.P. (the Adviser) since 2020 and serves as Mutual Fund CCO for all AB Funds since January 2023 and for the AB ETFs since 2022; she was previously CCO at WestEnd Advisors, LLC from 2013–2019. She is age 50 per the 2025 proxy. The proxies do not disclose performance metrics (e.g., TSR, revenue or EBITDA growth) tied to her role.
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| AllianceBernstein L.P. (Adviser) | Vice President | Since 2020 | Not disclosed in proxy |
| AB Funds (Mutual Funds) | Chief Compliance Officer | Since Jan 2023 | Oversees mutual fund compliance program (role title only; no program KPIs disclosed) |
| AB ETF Funds | Chief Compliance Officer | Since 2022 | Not disclosed in proxy |
| WestEnd Advisors, LLC | Chief Compliance Officer | 2013–2019 | Not disclosed in proxy |
External Roles
No external directorships or outside board roles are disclosed for Friedland in AFB’s proxy statements.
Fixed Compensation
- Officer compensation for AFB’s Funds is not itemized in the proxies; the documents disclose board (director) compensation but provide no base salary or cash bonus details for Fund officers (who are employees of the Adviser or its affiliates). Accordingly, base salary, target/actual bonus, and cash compensation elements for Friedland are not disclosed.
Performance Compensation
- The proxies do not disclose equity awards (RSUs/PSUs), stock options, vesting schedules, or performance metrics (e.g., revenue growth, EBITDA, TSR) tied to Friedland’s compensation. There is no incentive plan table or award detail for Fund officers in these filings.
Equity Ownership & Alignment
| Metric | As of Feb 1, 2024 | As of Feb 3, 2025 |
|---|---|---|
| Individual ownership by each Director/officer | <1% of either Fund’s shares | <1% of either Fund’s shares |
| Aggregate ownership by Directors and officers as a group | <1% of either Fund’s shares | <1% of either Fund’s shares |
- The proxies provide no breakdown of Friedland’s vested vs. unvested shares, options, in-the-money value, or any pledging/hedging disclosures specific to officers.
Employment Terms
- Role and start date: Chief Compliance Officer of both Funds since January 2023; Vice President of the Adviser since 2020.
- Employment agreements, severance, change-of-control (single/double trigger), accelerated vesting, clawbacks, tax gross-ups, deferred compensation, and non-compete/non-solicit terms are not disclosed in the Fund proxies for officers.
Investment Implications
- Limited trading/compensation signal: Officer compensation (cash/equity, targets, vesting) is not disclosed in AFB proxies; no Form 4-style ownership detail appears in these materials, muting any pay-for-performance or selling pressure read-through for Friedland.
- Alignment appears modest at the fund level: Directors and officers each individually—and as a group—own less than 1% of either Fund’s shares as of the 2024 and 2025 record dates, suggesting low direct equity alignment at the Fund level for officers.
- Retention/transition analysis constrained: With no disclosure of employment contracts, severance, or change-of-control protections for officers in the Fund proxies, retention risk and parachute economics cannot be assessed from these filings. Monitoring Adviser-level disclosures (AllianceBernstein L.P.) may provide additional context if she is ever a named executive at the parent.
Bottom line: For Jennifer Friedland, the AFB proxies support her senior compliance remit and tenure but provide no officer compensation mechanics or insider ownership detail beyond the “<1%” group/individual thresholds. For trading or governance signals, the practical read-through is limited; focus instead on overall AB compliance stability and any future Adviser-level disclosures that might illuminate incentives or retention protections.