The formermanaging director and publisher of Morningstar Australia, Graham Rich, has resurfaced in the financial services industry with a new business venture.
The Web-based business, to be called Brillient, will repackage information already in existence in the market and promote it to investors, financial intermediaries and fund managers.
Working alongside Rich will be Morningstar’s former head of publishing, Deidre Keown, and two other employees from the funds management arena.
Rich likens his new venture to his involvement with Morningstar in the introduction of star ratings to the Australian and New Zealand markets.
“That’s what I’m looking to do here with Brillient. To take information in the market now and publish it in a way it’s not being published now and market it in a way it’s not being marketed now,” he says.
The business will work in collaboration with three other different entities, which will provide content to Brillient.
Rich says details of the first projects from the new venture will be made public within six weeks.
One of these projects will be the group’s fund research monitor, which will report on the correlation between the performance outcomes of fund managers and the rating given to them by research houses.
Rich says he is confident of how his new business venture will be received, despite his unceremonious departure from Morningstar last November.
“I have been very impressed with the level of support from the funds management industry, and the support for the business initiative,” he says.
