Director of ratings Chris Douglas departs Morningstar
Morningstar’s director of manager research ratings, Asia Pacific, Chris Douglas will be leaving the company at the end of August, according to an external company email.
Morningstar global practice leader, manager research, Grant Kennaway, and Morningstar managing director, Australia and New Zealand, Jamie Wickham, indicated the departure was of a personal nature.
“Chris has been based in Auckland, which has meant a heavy travel schedule. He has decided that the travel has become too much given his young family – so it is very much a personal decision,” they said.
“It goes without saying that we are sorry to see him go. But he leaves the team in really good shape – a strong bench of senior analysts with a depth of experience and close integration into our global manager research group.”
Kennaway and Wickham said Morningstar was getting moving on the recruitment process for his position and would be considering both internal and external candidates.
In the interim, they said Douglas would continue to lead the team and that Tim Murphy, Morningstar’s director of manager research, APAC, would become more involved where necessary until a replacement director of ratings is hired.
Recommended for you
Some 42 per cent of CEOs say they are actively reinventing their business to stay relevant in the next decade, with consumer services the most common choice for asset and wealth managers.
Former Ophir Asset Management chief executive, George Chirakis, has joined private equity manager Scarcity Partners, while the asset manager has appointed a replacement from Macquarie.
Australian Unity has appointed a fund manager for its Healthcare Property Trust, joining from Centuria Healthcare, as it restructures the product with a series of senior appointments.
Financial advisers nervous about the liquidity of private markets funds for their retail clients are the target of fund managers launching semi-liquid products which offer greater flexibility and redemptions.