Dan Kemp was named global CIO of Morningstar's investment management group, a spokeswoman said.
Mr. Kemp replaced Daniel Needham as global CIO effective July 1. Mr. Needham, who was global CIO and president, is now solely focused on leading the business as president of the group. He has held the role since 2015.
Mr. Kemp will continue to hold his responsibilities as CIO for Europe, the Middle East and Africa until the group recruits his replacement, the spokeswoman confirmed.
"Dan is an experienced investor, and his insight and expertise have been integral to the transition to a research-focused investment management team. Throughout his tenure, he has developed a robust team, producing high quality research and investment strategies that seek long-term outperformance for the end investor … We believe that under his leadership as global CIO will continue to thrive, providing our clients with robust asset allocation, investment selection and portfolio construction services," Mr. Needham said in a news release Tuesday.
Morningstar's investment management group had around $244 billion in assets under advisement and management as of March 31.
