Patrick Dorsey, formerly director of equity research at Morningstar, is joining Sanibel Captiva Trust as vice chairman, director of research and strategy. He will also serve as chairman of the company’s asset management committee.

Dorsey will oversee all research efforts, assist in new business development and help oversee major client accounts. He joins the firm on March 28.

“We are honored and flattered that Pat is joining us,” said Albert D. Hanser, founder, chief executive officer and co-chairman of Sanibel Captiva Trust. “Pat’s groundbreaking thinking on how to identify true competitive advantage fits perfectly with our long-term value approach to investing. Our clients will benefit greatly from his expertise.”

Donald (Chip) Lesch, the other co-chairmain of Sanibel Captiva, added: “Pat Dorsey’s institutional perspective to money management will further strengthen our capabilities to meet our clients’ needs today and in the future. Our respect for Morningstar as being the leader in independent investment research and judgment is steadfast. We hold both their services and impeccable global reputation in high regard.”

Dorsey joined Morningstar in 1998, where as director of equity research, he led a team of more than 100 equity analysts.

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