Intech to be renamed Ibbotson Associates
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Intech is to be renamed ‘Ibbotson Associates, a Morningstar Company’, according to Morningstar Australasia.
Ibbotson Associates is a registered investment adviser and a wholly owned subsidiary of Morningstar. It provides investment consulting and retirement advice services, Morningstar said.
Anthony Serhan, who became managing director of Intech when Morningstar acquired the company in June 2009, will be the managing director of Ibbotson Associates in Australia and will continue to manage the day-to-day operations of the former Intech business. He will report to Peng Chen, president of Ibbotson Associates in the United States.
“Since Morningstar acquired Intech, we’ve been working closely with our colleagues at Ibbotson in the United States,” Serhan said.
“Our clients have also responded positively to the opportunities created by closer collaboration with Ibbotson. The two businesses share many strengths, including investment research, asset allocation, and portfolio construction,” he said.
“By renaming the company Ibbotson Associates, we’ll be able to leverage our local knowledge — as well as resources and thought leadership — from the global team to provide innovative and customised solutions for our local clients,” Serhan added.
Under Ibbotson, the company’s Australian team will continue to grow its core capabilities of implemented consulting and advisory services, according to Morningstar. The Intech Investment Trusts will be renamed Ibbotson as part of a rollover of their product disclosure statements in April 2010.
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