Andrew Lill Named Chief Investment Officer for Morningstar Investment Management, Americas
Nov 12, 2018, 16:05 ET
CHICAGO, Nov. 12, 2018 /PRNewswire/ -- Morningstar Investment Management LLC, a leading provider of discretionary investment management and advisory services, and subsidiary of Morningstar, Inc. (Nasdaq: MORN), today announced that Andrew Lill has been appointed chief investment officer for Morningstar Investment Management, Americas. Lill currently serves as chief investment officer for Morningstar Investment Management's Asia-Pacific operations, and as part of a transition plan, will continue to lead this area until Matt Wacher—the newly appointed chief investment officer, Asia-Pacific—joins Morningstar Australia in late January 2019, after which he will shift focus to his role in the United States and Canada.
"We're pleased to have Andrew join our Americas team as chief investment officer and congratulate Matt on being appointed chief investment officer for the Asia-Pacific region," said Daniel Needham, Morningstar Investment Management's president and global chief investment officer. "Since 2014, Andrew has successfully led the Asia-Pacific investment teams and brings more than two decades of experience in investment management, investment consulting and advice, asset allocation, portfolio construction, and related fields to the U.S. and Canadian investment management groups. Adding Andrew to our roster of investment leaders in the Americas is another step toward our goal of building a leading global investment management business."
Lill will be responsible for leading Morningstar Investment Management's investment strategies and teams throughout the United States and Canada, and contributing to Morningstar's global investment management committees, policies, capabilities, and thought leadership. Based in Chicago, he will report to Needham. Wacher will lead the investment team in Asia Pacific, overseeing the investment strategies including the funds and separately managed accounts. Wacher will be based in Sydney and will report to Needham.
"I am looking forward to working with our investment management teams in the Americas to deliver innovative investment solutions for financial advice groups through our managed portfolio solutions, and our long-term institutional clients," Lill said. "With the launch of the Morningstar mutual funds in the United States, we will be well-positioned to offer our clients world class asset allocation and outcome-based solutions while continuing to bring down our clients' investment costs."
Prior to joining Morningstar, Lill worked for AMP Capital Investors as head of investment solutions in the multi-asset group. Previously, he spent seven years with Russell Investment Group as director of consulting, Asia-Pacific, and ultimately as director of investment strategy. Lill holds a master's degree in economics from Cambridge University, England, and is a Fellow of the UK Institute of Actuaries.
About Morningstar's Investment Management group
Morningstar's Investment Management group is a leading provider of discretionary investment management and advisory services. Guided by seven investment principles, the group is committed to focusing on its mission to design portfolios that help investors reach their financial goals. The group's global investment management team works as one to apply its disciplined investment process to all strategies and portfolios, bringing together core capabilities in asset allocation, investment selection, and portfolio construction. This robust process integrates proprietary research and leading investment techniques. As of Sept. 30, 2018, Morningstar's Investment Management group was responsible for more than $207 billion* in assets under advisement and management across North America, EMEA, and Asia-Pacific.
In addition to advisory services, the group's investment professionals build and manage model portfolios for financial advisors in the United States, United Kingdom, Australia and South Africa to create strategies that incorporate a wide variety of investment objectives.
*Includes assets under management and advisement for Morningstar Investment Management LLC, Morningstar Investment Services LLC, Morningstar Investment Management Europe Ltd., Morningstar Investment Management Australia Ltd., Ibbotson Associates Japan, Inc., Morningstar Investment Management South Africa (PTY) LTD, and Morningstar Associates, Inc. all of which are subsidiaries of Morningstar, Inc. Advisory services listed are provided by one or more of these entities, which are authorized in the appropriate jurisdiction to provide such services.
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 individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $207 billion in assets under advisement and management as of Sept. 30, 2018. The company has operations in 27 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.
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