Morningstar promotes Needham to global chief investment role
Morningstar Investment Management has promoted Ibbotson Associates Australia managing director and chief investment officer Daniel Needham to global chief investment officer with the group.
At the same time, Chris Galloway has been named as managing director, taking on the role as a solo act after sharing the title with Needham since 2012. Morningstar has yet to name a new chief investment officer for Asia-Pacific.
Needham came to Morningstar in 2009 when it acquired Intech Investments. It renamed it Ibbotson Associates Australia in 2010, the same year that Needham was made managing director of Ibbotson Associates Australia.
He will shift to the United Kingdom later this year to take on the new role and will remain chair of the Ibbotson Associates Australia investment committee until his replacement as Asia-Pacific chief investment officer has been named. His replacement, along with other regional chief investment officers, will report to Needham.
In the new role Needham will chair the Morningstar Investment Management’s Global Investment Policy Committee and oversee its global investment committees and processes.
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