Daniel Needham Named Global Chief Investment Officer for Morningstar
CHICAGO, May 8, 2013
CHICAGO, May 8, 2013 /PRNewswire/ --Morningstar, Inc. (NASDAQ: MORN), a
leading provider of independent investment research, today announced that
Daniel Needham, CFA, has been appointed global chief investment officerfor
Morningstar Investment Management and managing director for Morningstar
Investment Management Europe. Needham will also chair Morningstar Investment
Management's Global Investment Policy Committee, which oversees all global
investment capabilities, committees, and processes.
Needham previously served as managing director and chief investment officer
for Morningstar Investment Management's Asia-Pacific operations, including
Ibbotson Associates Australia, leading the firm's research, asset allocation,
and portfolio management capabilities. Needham will continue to lead this area
until the company appoints a new chief investment officer, Asia-Pacific. He
will relocate to the United Kingdom from Australia later this year and will
divide his time among London, Chicago, and Sydney.
"For the past several years, we've been working to unite our investment
professionals around the world," Thomas Idzorek, president of Morningstar
Investment Management, said. "Daniel joined the company when we acquired
Intech Pty Ltd (now Ibbotson Associates Australia) in 2009, and he played a
key role in successfully integrating our Australian investment management
operation. He has worked for the combined businesses for more than a decade.
His promotion highlights his investment management expertise, his leadership
of our Asia-Pacific operations, and the strategic importance of our European
investment management business."
Before joining Intech in 2002, Needham was an analyst for Zurich Financial
Services in Sydney. He holds a bachelor's degree in commerce with a major in
finance and economics from the University of Sydney. He also holds the
Chartered Financial Analyst (CFA) designation.
Morningstar Investment Management creates custom investment solutions that
combine award-winning research and global resources with proprietary
Morningstar data. With approximately $157 billion in assets under advisement
and management as of March 31, 2013, Morningstar Investment Management
provides comprehensive retirement, investment advisory, and portfolio
management services for financial institutions, superannuation funds, and
financial advisers. Morningstar Investment Management includes Morningstar's
various registered investment advisory and licensed advisory entities around
the world: Morningstar Associates, Ibbotson Associates, Ibbotson Associates
Australia, Morningstar Investment Services, Morningstar Investment Management
Europe, Morningstar OBSR, and Morningstar Investment Consulting France.
About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in
North America, Europe, Australia, and Asia. The company offers an extensive
line of products and services for individuals, financial advisors, and
institutions. Morningstar provides data on approximately 422,000 investment
offerings, including stocks, mutual funds, and similar vehicles, along with
real-time global market data on more than 9 million equities, indexes,
futures, options, commodities, and precious metals, in addition to foreign
exchange and Treasury markets. Morningstar also offers investment management
services through its registered investment advisor subsidiaries and has
approximately $157 billion in assets under advisement and management as of
March 31, 2013. The company has operations in 27 countries.
©2013 Morningstar, Inc. All rights reserved.
Margaret Kirch Cohen, +1 312-696-6383 or email@example.com
SOURCE Morningstar, Inc.
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