MORNINGSTAR, INC.
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| Morningstar Appoints Mark Watson as Director of UK Intermediary Sales | ||||
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LONDON, 29th January 2015-Mark Watson has joined the Morningstar Investment Management group, a unit of Morningstar Inc., as Director of UK Intermediary Sales for the Morningstar OBSR Managed Portfolios service, a discretionary managed portfolios service for the UK adviser market. Watson has more than 17 years of financial services experience. He joins Morningstar from Brooks Macdonald, where he spent three years as Head of Sales for the firm's funds business. Watson also worked for Zurich Intermediary Group, working with advisers in the south-east of England, for Barclays in Dubai, and for SHUAA Capital where he advised on investment portfolios for high net worth individuals. "Mark's experience both in the fund management industry and as a financial adviser make him the ideal candidate to help us expand our managed portfolio service offering to advisers across the UK," Paul Malone, VP, Sales for Morningstar UK said. "We are pleased to welcome Mark to Morningstar." The Morningstar OBSR Managed Portfolios service launched in May 2013 with a suite of active and passive strategies aligned to the output of the Morningstar Risk Tolerance Questionnaire. In October 2014, Morningstar added to the range with the launch of two discretionary managed Income Portfolios. This was followed in January 2015 with the addition of four Multi-Asset Real Return managed portfolios. The Morningstar OBSR Managed Portfolios are actively managed by the Morningstar Investment Management Europe portfolio management team, supported by investment professionals in London and Paris. The portfolios utilise the asset allocation expertise of Morningstar's affiliate, Ibbotson Associates, and draw on the manager research expertise of Morningstar's 100 manager research analysts located across Europe, Asia, Australia, and North America. --Ends-- Notes to Editors The Morningstar OBSR Managed Portfolios service is a discretionary managed portfolios service offering designed to meet a targeted range of investment objectives. The service offers financial advisers a holistic approach to client portfolio management by incorporating risk tolerance profiling, portfolio construction- including asset allocation and fund selection-on-going monitoring, and portfolio reporting in one package. For further information, please visit: http://global.morningstar.com/UKManagedPortfolios. About the Morningstar Investment Management Group The Morningstar Investment Management group, through its investment advisory subsidiaries, creates investment solutions that combine award-winning research and global resources with proprietary Morningstar data. With USD$169 billion in assets under advisement and management as of 30 September 2014, the Morningstar Investment Management group provides comprehensive, retirement, investment advisory, and portfolio management services for financial institutions, plan sponsors, and advisers around the world. In Europe, Morningstar Investment Management Europe, Ltd, provides these services. Morningstar Investment Management Europe, Ltd is authorised and regulated by the Financial Conduct Authority and is also the provider of the Morningstar OBSR Managed Portfolios service. 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 advisers, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 479,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 13 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. The company has operations in 27 countries. # # # | ||||
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