Morningstar Investment Management (Morningstar) announced on Monday that it has appointed Andrew Lill Chief Investment Officer (CIO) for its Americas division.
“I am looking forward to working with our investment management teams in the Americas to deliver innovative investment solutions for financial advice groups through our managed portfolio solutions, and our long-term institutional clients,” said Lill.
Lill is not a new face at the investment management company, having worked as the CIO of the company’s Asia-Pacific region for almost five years.
Previously based in Australia, Lill will have to make the move to Morningstar’s headquarters in Chicago to take up his new position.
Once he’s in the Windy City, Lill will be responsible for leading Morningstar’s investment strategies and teams throughout the United States and Canada.
Outside of that, he will also be contributing to Morningstar’s global investment management committees, policies, capabilities, and thought leadership.
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“We’re pleased to have Andrew join our Americas team as chief investment officer and congratulate Matt on being appointed chief investment officer for the Asia-Pacific region,” said Daniel Needham, Morningstar’s President and Global Chief Investment Officer.
A new APAC CIO for Morningstar
When he was based in Australia, it was Needham who Lill had to report to and, according to the statement released by Morningstar on Monday, that state of affairs will continue even after the latter has moved to Chicago.
But now that Lill is heading to the US, I hear you ask, who will take up the mantle of CIO for the Asia-Pacific region?
The answer to that conundrum also came in the announcement that Morningstar released on Monday.
In its statement, the investment management firm said that Matt Wacher would be the CIO for its Asia-Pacific business.
Currently, the CIO of Cambooya – a family office based in Sydney – Wacher will take up his new role in January.
As a result of that, Lill will not be leaving Australia until the beginning of next year, so he still has some time enjoy life down under.