Morningstar promotes Needham to global chief investment role


Morningstar Investment Management has promoted Ibbotson Associates Australia managing director and chief investment officer Daniel Needham to global chief investment officer with the group.
At the same time, Chris Galloway has been named as managing director, taking on the role as a solo act after sharing the title with Needham since 2012. Morningstar has yet to name a new chief investment officer for Asia-Pacific.
Needham came to Morningstar in 2009 when it acquired Intech Investments. It renamed it Ibbotson Associates Australia in 2010, the same year that Needham was made managing director of Ibbotson Associates Australia.
He will shift to the United Kingdom later this year to take on the new role and will remain chair of the Ibbotson Associates Australia investment committee until his replacement as Asia-Pacific chief investment officer has been named. His replacement, along with other regional chief investment officers, will report to Needham.
In the new role Needham will chair the Morningstar Investment Management’s Global Investment Policy Committee and oversee its global investment committees and processes.
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.