Morningstar loses two top executives

Morningstar has announced that top executives Richard Romer-Lee and Nigel Whittingham have decided to leave the company.

Romer-Lee (pictured) served as managing director of Morningstar’s investment consulting operations in Europe, and Whittingham served as managing director of Morningstar OBSR in the UK and Ireland.

In the interim, until the company appoints new managers, Geoff Balzano, CEO of Morningstar UK, will lead the Morningstar OBSR business operations, and Hal Ratner, chief investment officer for Morningstar Investment Management in Europe, will lead the European business operations outside of the UK.

Balzano said, “Richard and Nigel joined Morningstar when we acquired OBSR in early 2010. We have worked side by side to integrate and grow our consulting and research businesses in the UK and across Europe. We have a team of talented individuals on board, and are pleased that Richard and Nigel will stay with us during the coming weeks to ensure a smooth transition for our clients. I have great respect for both of them and wish them the very best.”

Morningstar acquired OBSR (Old Broad Street Research) in April 2010. Romer-Lee was a co-founder of OBSR and Whittingham served as its development director.

Romer-Lee said, “Now that the OBSR businesses have been integrated into Morningstar, Nigel and I recognise that it is time for us to take a break. We are incredibly proud of the work we have done to serve our clients and win business as part of Morningstar. We will continue to focus on client needs during this time of transition.”

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