Matt Wacher has been appointed to the position, effective in late January 2019 and will be responsible for leading the investment teams in Australia and overseeing the multi-asset and equity-managed accounts capabilities.
Mr Wacher said he was delighted to join the reputable team in Australia as he had long admired the company’s commitment to its investors.
“I’ve observed Morningstar’s commitment to long-term, valuation-driven asset allocation and portfolio construction and look forward to continuing to help investors reach their financial goals through our research-based investment solutions and opportunities,” he said.
Mr Wacher will report to Morningstar Investment Management group’s president and global chief investment officer Daniel Needham who said he was pleased to welcome Mr Wacher to the team.
“We believe that Matt will be an invaluable addition to the Asia-Pacific team as we build a global investment management business. He comes to us with a strong foundation of risk and principles of portfolio construction that aligns with our investment philosophy.
“His leadership style is essential Morningstar: inclusive, collaborative, and a focus on integrity,” he said.
Mr Wacher replaces current investment officer Andrew Lill who will shift focus to his new role as chief investment officer for the Americas.
Mr Needham said Mr Lill was a great team member to join the Americas team after his successful time in the Asia-Pacific role.
“We are pleased that Andrew will be joining our Americas team as chief investment officer. Since 2014, Andrew has successfully led the Asia-Pacific investment strategies and teams and we look forward to bringing that expertise and skill to our Americas team.”
Morningstar also welcomes Jody Fitzgerald to the Australia team who will be head of institutional portfolio management in the country.
