August 10, 2009
DST Global Selects Sarwal As CEO of Investment Biz
DST Global Solutions has appointed Arun Sarwal as chief executive officer of its investment management solutions business. Sarwal had been advising DST on its strategy for the unit since last September.
DST Global Solutions relaunched in May as three business divisions: investment management solutions, business process solutions and customer lifecycle management. The division that Sarwal now heads, the largest unit, employs 800 in 16 locations with responsibility for solutions strategy, application development and delivery, client support and consulting services.
Commenting on the appointment, DST Global Solutions CEO Tom Abraham said, "Arun's depth of industry experience combined with his proven leadership in global financial services businesses should ensure success in the transformation we are making to a global, customer-centric solutions provider with industry expertise. We are determined to work proactively with our clients to focus on their issues and provide broad-ranging, relevant solutions."
Arun said he will concentrate on developing strong relationships, deepening expertise and developing new innovations.
Graziano Now in Charge Of Touchstone Investments
Steven M. Graziano has joined Touchstone Investments as president, in charge of distribution, product management, marketing, administration, advisory services, relationship management and acquisitions.
Graziano joins the company from Pioneer Investment Management, where he was executive vice president and head of retail distribution and strategic marketing, and previously chief marketing officer and president of Pioneer Funds Distributor. Before that, he held key positions with Fidelity Investments and Boston Research Group.
"We are pleased to have Steve join our firm," said Jill T. McGruder, president and chief executive officer of IFS Financial Services, a sister company to Touchstone, both of which are members of Western & Southern Financial Group. "With more than 30 years of proven financial services experience directing business development and product management initiatives, Steve has the leadership and vision needed for Touchstone's continued success and future growth."
Forward Hires Naka as Senior VP of Operations
Robert S. Naka has joined Forward Management as senior vice president of operations, overseeing mutual funds, separately managed accounts and trading.
With more than 18 years of experience in operations, compliance, mutual fund accounting, administrative services and information technology, Naka comes to the firm from ING Funds, where he was executive vice president and chief operating officer.
"Rob has been brought on to enhance our operational platform, integrating support for hedge funds, mutual funds and SMAs," said J. Alan Reid, Forward's chief executive officer. "Forward has chosen business partners with some of the industry's strongest technology platforms, and Rob's addition will allow us to leverage those capabilities across the back office."
Naka began his investment career in mortgage banking with Colwell Financial, later known as Southmark Mortgage, working in secondary marketing and accounting. He next joined Pilgrim Group as a mutual fund compliance accountant. Pilgrim promoted him to senior vice president of operations, in charge of transfer agent responsibilities. He also guided the firm through a series of acquisitions and mergers that resulted in the ING Funds. In 2006, he was promoted to EVP and chief operating officer for ING's mutual fund business.
(c) 2009 Money Management Executive and SourceMedia, Inc. All Rights Reserved.