CHICAGO, Feb. 13, 2018 /PRNewswire/ -- Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced that Brian Grow has been appointed president of Morningstar Credit Ratings, LLC, effective immediately. In his new role, Grow will oversee the day-to-day operations of Morningstar's credit ratings business. He is based in New York and will report to Haywood Kelly, head of global research at Morningstar.
"Brian has proven to be an extremely effective leader and has helped take Morningstar Credit Ratings from a single-asset class to a full-service and diverse rating agency," said Kelly. "His analytical and technical expertise, high-quality standards, and history of strategic decision-making will support Morningstar in its mission to help investors reach their financial goals. I look forward to working closely with Brian to continue building our ratings and research offerings."
"I'm excited to lead our talented team, better understand investor needs, and respond with innovative products," said Grow. "Morningstar's long-term perspective allows us to continue building tools and providing insight to the credit market during dynamic economic cycles."
Grow joined Morningstar Credit Ratings in 2011. Most recently, he was managing director of residential mortgage-backed securities (RMBS) and asset-backed securities (ABS). Previously, he spent 10 years in various leadership roles at Standard & Poor's in its New York and Melbourne, Australia offices. He has also worked for JPMorgan Chase Bank and Cleary Gottlieb Steen & Hamilton.
Grow holds a bachelor's degree in economics from St. Lawrence University and a master's degree in business administration from Yale University. He succeeds Vickie Tillman, who retired as president of Morningstar Credit Ratings at the end of 2017.
About Morningstar Credit Ratings, LLC and Morningstar, Inc.
Morningstar Credit Ratings, LLC is a nationally recognized statistical rating organization (NRSRO) offering a wide array of services including new-issue ratings and analysis, operational risk assessments, surveillance services, data, and technology solutions. Morningstar Credit Ratings, LLC is a subsidiary of Morningstar, Inc. (NASDAQ: MORN).
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 $220 billion in assets under advisement and management as of Sept. 30, 2017. The company has operations in 27 countries.
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SOURCE Morningstar Credit Ratings, LLC