DST and Kasina Outline Acquisition Deal

DST Systems, a provider of strategically unified data management, business processing, and customer communication tools, says it has acquired Kasina LLC, a strategic advisory firm to the asset management industry.

Combining DST’s data analytics and sales reporting tools with Kasina’s understanding of the challenges facing asset managers and insurers can bring the financial industry new ways to make economically favorable business decisions, DST Systems suggests.

New York-based Kasina provides business analytics, consulting and research to the largest U.S. and global asset managers. The firm is recognized for innovation in the areas of hybrid wholesaling, profit-based compensation systems, digital marketing, social media use, and behavior-based segmentation, DST says. Kasina’s consulting services include engagements to analyze product strategies, sales models, and marketing strategies.

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Kasina was founded by Steven Miyao, who has served as the company’s chief executive, and Lee Kowarski. Both will continue their strategic roles for DST, where they will lead consulting and product development organizations for the company’s financial services unit.

“Two industry leaders will be able to leverage their core strengths,” Miyao says. “Together, we will provide clients with accurate, timely, actionable data analytics and insights that will enable them to transform their distribution, marketing, and product organizations.”

DST Systems provides data management, analytics and business intelligence, including tools for financial services firms, such as the retirement income clearing and calculation tool, a solution designed to support retirement income product management through recordkeeping platforms.

The new combined entity will shore up DST’s offering of consulting, research, data management and analytics to the asset management industry. Kasina’s research and consulting capabilities will provide perspective and insights that impact and leverage DST’s SalesConnect platform and its data-driven applied analytics capabilities.

According to Steve Hooley, president and CEO of DST Systems, the acquisition of Kasina will combine with DST’s solid foundation of data management excellence to produce a powerful new solution set for the industry.

“The synergy between Kasina’s strategic advisory expertise and DST’s technical resources and systems will result in extraordinary benefits for asset managers,” Hooley says. “The data-driven insights we’ll be able to provide will literally change the way fund company executives view their operations, their customers, and their market opportunities.”

Immediate plans call for Kasina to represent and enhance DST’s “Predictive Wholesaling” and “Asset Persistency” products.

“Given their deep understanding of the business, Kasina will provide us an enormous advantage in the way we help asset managers utilize data, research and new technologies,” Hooley says.

DST Systems, with headquarters in Kansas City, Missouri, is a provider of information processing and servicing solutions to companies around the world. More information is at www.dstsystems.com.

Pioneer Investments Announces Two Senior Hires

Global asset manager Pioneer Investments has added two senior members to its U.S. intermediary distribution and U.S. marketing and product development organizations.

Mark Spina has been named executive vice president and head of U.S. intermediary distribution, effective January 5. In this new role he will lead internal and external wholesaling, business development, and relationship management teams focused on building relationships with financial intermediaries. He will be responsible for distributing Pioneer’s investment solutions across client types.

Spina will report to Lisa Jones, president and CEO of Pioneer Investment Management USA. 

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“Mark has extensive experience across all channels and a demonstrated track record of enhancing partnerships with clients,” Jones says. “I am confident that with Mark’s leadership, Pioneer will work closely with our clients to enhance our partnerships across these channels. I am excited to have Mark as a member of our leadership team.”

Erik Gosule is also joining Pioneer Investments. He takes on the role of senior vice president and head of marketing and product development for the company’s U.S. division, effective December 15, 2014. He is responsible for developing an integrated marketing platform for Pioneer’s investment solutions across all channels, as well as leading the U.S. division’s product development efforts. He, too, will report to Jones.

“Erik’s breadth of investment experience, ranging from product development and management to marketing and consultant relations, makes him well suited to expand our suite of investment solutions and to better communicate the merits of Pioneer’s capabilities to the marketplace, ” Jones adds. “He will be instrumental in developing a fully integrated marketing and product development platform aligning our investment capabilities with client expectations and needs.”

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