Morningstar, Inc. today named Thomas Idzorek, chief investment officer of Morningstar Investment Management, to president of Morningstar’s global Investment Management division.
Idzorek now oversees the company’s investment advisory, retirement solutions, and investment management operations in North America, Europe, Asia, and Australia, which have approximately $190 billion in assets under advisement or management. Idzorek replaces Peng Chen, who is leaving the firm at the end of June.
Joe Mansueto, chairman and chief executive officer of Morningstar, stated, “Tom joined Morningstar six years ago when we acquired Ibbotson Associates. In his current role he oversees our Investment Management division’s Global Investment Policy Committee and serves on our retirement plan committee.”
Mansueto added that Chen has decided to move back to Asia to be closer to his family.