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Morningstar announces new hire to drive growth in super

3 minute read

The firm has filled the newly created role of senior vice-president, enterprise sales.

Mark Hoven has been appointed as senior vice-president, enterprise sales, at Morningstar Australasia, as the firm sets its sights on future growth in the superannuation industry.

In the newly created Sydney-based role, Morningstar indicated that Mr Hogan will be tasked with driving its expansion in the super and retirement sectors.

Mr Hogan joins the firm with more than 23 years of strategic leadership in the financial services industry. Morningstar said that Mr Hogan has an extensive track record of growing wealth-focused businesses, ranging from start-ups to new initiatives in global institutions.

He has previously held a number of executive roles, including the chief executive officer of Adviser Ratings, head of wealth segment at Equifax, and multiple positions at S&P Global.

“We are excited to have Mark join Morningstar as we accelerate our plans in this fast-growing and important sector,” said Morningstar managing director, enterprise, Peter Bryant.

“Mark will be crucial in building our success in the sector with a new perspective on helping both retail and profit to member super funds succeed in a fast-moving investing and regulatory environment.”

Morningstar noted that it currently supports a number of major super funds and has provided the industry with data-driven solutions to power internal investment capability and regulatory reporting, help improve member outcomes, and drive adviser engagement.

It said that Mr Hogan will be responsible for continuing to expand and enhance these offerings in the Australian superannuation market, including to profit-to-member funds.

“Working with our international teams, Mark will be able to leverage our global reach in data, research and benchmarking to better serve our institutional clients,” Mr Bryant said.

Notably, the appointment comes as many super funds have sought to bring investment management in-house, with AustralianSuper, Aware Super, Cbus, and HESTA among those who have pursued internalisation in recent years.

“I look forward to helping the super industry better serve members in both accumulation and retirement phases,” Mr Hoven said on his appointment.

“Morningstar’s capabilities in superannuation are consistent with Morningstar’s mission to empower investor success and I am excited to be part of that.”

Earlier this year, Chris Galloway was named as managing director of Morningstar Australia and New Zealand following the departure of Jamie Wickham.

“Chris is a focused, capable leader and is well positioned to support Morningstar’s growth plans in the region,” Morningstar chief executive officer Kunal Kapoor said at the time.

Mr Galloway originally joined Morningstar in 2009 through its acquisition of Intech and has led the firm’s investment management group in Asia-Pacific since 2012.

Commenting on his appointment, Mr Galloway said that he was excited to build on the growth momentum of the Morningstar Australia and New Zealand business.

“Our established strengths in research, data, and technology solutions will continue to drive opportunities for the business as we remain focused on delivering for our clients and empowering investors through an integrated suite of offerings,” he said.

Jon Bragg

Jon Bragg

Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.