Director of ratings Chris Douglas departs Morningstar
Morningstar’s director of manager research ratings, Asia Pacific, Chris Douglas will be leaving the company at the end of August, according to an external company email.
Morningstar global practice leader, manager research, Grant Kennaway, and Morningstar managing director, Australia and New Zealand, Jamie Wickham, indicated the departure was of a personal nature.
“Chris has been based in Auckland, which has meant a heavy travel schedule. He has decided that the travel has become too much given his young family – so it is very much a personal decision,” they said.
“It goes without saying that we are sorry to see him go. But he leaves the team in really good shape – a strong bench of senior analysts with a depth of experience and close integration into our global manager research group.”
Kennaway and Wickham said Morningstar was getting moving on the recruitment process for his position and would be considering both internal and external candidates.
In the interim, they said Douglas would continue to lead the team and that Tim Murphy, Morningstar’s director of manager research, APAC, would become more involved where necessary until a replacement director of ratings is hired.
Recommended for you
Platinum Asset Management has put its two closed-end funds under strategic review in a bid to reduce the share price discount to pre-tax NTA and maximise shareholder value.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
