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Wednesday, February 1, 2012

Larry Petrone Finds a New Home

Reported by Hung Tran

kasina has tapped Larry Petrone as head of research, responsible for growing kasina’s research offerings. He will report directly to Steven Miyao, kasina's CEO, and replaces Eric Daugherty, who left the firm in 2011 to work for Pennsylvania SPCA, a non-profit organization headquartered in Philadelphia.

Petrone hails from FRC, where he was the director of research/senior consultant. He is the latest to defect from the firm.

“We wanted to add an executive that has a deep understanding of the changing product and distribution landscapes,” Miyao stated. “Larry will be responsible for growing our research offering and ensuring that our clients get the most timely and relevant research.”

“Our industry’s product needs are changing, there is increased interest in mitigating risk through the use of ETFs and alternatives, and Larry has an expert understanding of this shifting landscape,” Miyao added.
New Hire Expands kasina’s Research Services Larry Petrone joins kasina’s team as Head of Research NEW YORK, February 1, 2012 – In response to growing demand for its research and shifting industry needs, kasina is hiring Larry Petrone as Head of Research. Larry’s expertise will help grow kasina’s research offerings and will allow kasina’s clients to better position their product development and distribution.

Asset managers and insurers rely on kasina’s research subscription for industry insight, benchmarking data and recommendations to improve their distribution strategies and overall firm profitability. “We wanted to add an executive that has a deep understanding of the changing product and distribution landscapes,” says Steven Miyao, kasina's CEO. “Larry will be responsible for growing our research offering and ensuring that our clients get the most timely and relevant research.”

Mr. Petrone joins kasina with over 15 years of experience working in the financial services industry. He has extensive experience in developing and supervising research staff, developing investment product and distribution research, delivering industry presentations and identifying attractive investment opportunities. “Our clients will benefit from Larry’s broad experience in directing product, distribution focused research and consulting projects for asset managers and insurers,” adds Miyao. “Our industry’s product needs are changing, there is increased interest in mitigating risk through the use of ETFs and alternatives, and Larry has an expert understanding of this shifting landscape.”

Larry comes to kasina from FRC Research Corporation, where he was the Director of Research/Senior Consultant. He managed a team of senior research analysts, evaluated business strategy, product offerings and distribution capabilities of investment management. Prior to FRC, he worked for a number of companies as a Senior Investment Consultant, Portfolio Manager, Director of Research and Senior Research Analyst. Larry graduated from Gordon College and received his Masters in Education from Boston College.

“I am extremely excited about the greater impact our research will have for our clients. Larry will also bring added depth to our consulting practice, which has continued to grow as firms look to optimize the profitability of their distribution efforts,” says Miyao. “We are thrilled to add Larry to the kasina family.”

About kasina kasina's commitment to innovating distribution in the financial services industry has made it one of the most influential strategy consulting firms in its sector. kasina works with a wide variety of clients from five continents, including firms representing 90% of the U.S.'s total assets under management. An overview of services offered by kasina is available at www.kasina.com. 

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