Morningstar Inc. announced Wednesday it promoted Peng Chen to president of its global investment management division.

Chen, who was president of Morningstar’s Ibbotson Associates unit, will oversee the company’s investment consulting, retirement advice, and investment management operations in North America, Europe, Asia, and Australia, including Morningstar Associates, Ibbotson Associates, Morningstar Investment Services, Old Broad Street Research, and Seeds Finance.

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