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MILANO, 16th April 2014--Davide Pelusi has taken on additional responsibility as Chief Executive Officer for Morningstar Iberia, in addition to his leadership of Morningstar Italy.

Pelusi's additional responsibilities will further enable Morningstar to deliver significant synergies across its businesses in southern Europe and support Morningstar's continued growth strategy for the region. Pelusi replaces former Morningstar Iberia CEO Mark Roomans, who established the Spanish business in 2001 and who was appointed Chief Operating Officer for Europe in late 2013.

"Davide Pelusi established Morningstar Italy 14 years ago and has proven himself an insightful and innovative market leader who has helped Morningstar develop products and meet the needs of our clients across a broad spectrum of needs for individuals, advisers and institutions. His dedicated management style, strong vision, and enthusiasm will greatly benefit our businesses across Spain, Portugal, and Andorra as we seek to further share ideas and capabilities across the region," Bevin Desmond, head of global markets for Morningstar, said.

About Morningstar Italy and Morningstar, Inc.
 Morningstar Italy is a subsidiary of Morningstar, Inc., 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, and retirement plan providers and sponsors. Morningstar provides data on approximately 446,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 10 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its registered investment advisor subsidiaries and had approximately $159 billion in assets under advisement and management as of Dec. 31, 2013. The company has operations in 27 countries.

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