Equitable Holdings Exits FTSE All-World Index as Asset Management Head Seth Bernstein Retires

Simply Wall St··US·Read original
2▲0 ▼0Impact / 5
Summary · why it matters

Equitable Holdings, Inc. was removed from the FTSE All-World Index (USD) on September 19, 2026, and announced on September 25, 2026 that Seth Bernstein will step down as Head of Asset Management following his retirement from AllianceBernstein entities. The index exclusion and the leadership change come as Equitable pursues its US$10.6 billion all-stock merger with Corebridge, a deal that underpins expectations for scale, cost savings and a broader retirement platform. The planned integration of AllianceBernstein into that model, including directing additional assets to AB, now sits against the backdrop of the asset-management leadership change. Equitable's narrative projects $18.3 billion in revenue and $2.2 billion in earnings by 2029, requiring 19.9% yearly revenue growth and a $3.2 billion earnings increase from -$982.0 million today, with a fair value estimate of $62.09 implying 15% upside. Community fair value estimates for Equitable range from about US$62 to over US$358,000 per share.

Impact on assets 3

Financials▲ · 2 stocks
Axa Equitable Holdings Inc
EQH
± MixedCapitalrelevance

Equitable was removed from the FTSE All-World Index and its asset-management head is retiring as it pursues the Corebridge merger.

AllianceBernstein Holding L.P.
AB
± MixedCapitalrelevance

Seth Bernstein retires as Head of Asset Management from AllianceBernstein entities amid Equitable's planned integration of AB into its post-Corebridge model.

Aging Population▲ · 1 stocks
Corebridge Financial Inc.
CRBG
± MixedCapitalrelevance

Corebridge is the counterparty in Equitable's US$10.6 billion all-stock merger, a deal underpinning scale and cost-savings expectations.

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