Ibbotson President Moves to Morningstar’s Investment Management Division

November 10, 2010 (PLANSPONSOR.com) - Morningstar, Inc. announced that Peng Chen, president of Morningstar's Ibbotson Associates unit, has been named president of Morningstar's global Investment Management division.

Chen will oversee the company’s investment consulting, retirement advice, and investment management operations in North America, Europe, Asia, and Australia, including Morningstar Associates, Ibbotson Associates, Morningstar Investment Services, Old Broad Street Research, and Seeds Finance.  

According to the announcement, Chen joined Ibbotson in 1997. Prior to Morningstar’s acquisition in March 2006, he served as managing director and chief investment officer. Chen is an expert in asset allocation, portfolio risk measurement, nontraditional assets, and global financial markets.  

Morningstar sadi Patrick Reinkemeyer, who served as president of Morningstar Associates, LLC, has decided to leave the firm in mid-December, but will be available as a management adviser to Morningstar.