Morningstar (Nasdaq: MORN), a leading provider of independent investment research, today announced that Kunal Kapoor, CFA, has been named president of Morningstar Investment Services, Inc. (MIS), a registered investment advisor and wholly owned subsidiary of Morningstar.
Kapoor, who most recently served as director of business strategy for Morningstar's international operations, replaces Art Lutschaunig, who is leaving the company.
Joe Mansueto, chairman and chief executive officer of Morningstar, said, "Kunal is an outstanding leader who brings a unique set of skills to our investment services unit. He started his career at Morningstar as a data analyst, then became a mutual fund analyst, and was later named director of our fund analyst team. He also served as a senior research analyst for Morningstar Investment Services. He has held several key positions at Morningstar and in the last year played a significant role in our acquisitions of Aspect Huntley in Australia and Standard & Poor's mutual fund data business. Kunal's investment knowledge, business development experience, and leadership qualities make him an excellent choice for this important job."
Mansueto added, "I'd like to thank Art for his efforts during the past four years as head of MIS and wish him the best in his new endeavors."
Before being named president of Morningstar Investment Services, Kapoor was director of business strategy for Morningstar's international operations. He joined the company in 1997 and became a fund analyst in 1998. In 2001 he joined Morningstar Investment Services as a senior research analyst. He was named editor of Morningstar Mutual Funds, the company's flagship publication, in 2003, and in 2004 was appointed director of mutual fund analysis, where he led Morningstar's team of mutual fund analysts.
Kapoor holds a bachelor's degree in economics and environmental policy from Monmouth College and a master's degree in business administration from The University of Chicago Graduate School of Business. He also holds the Chartered Financial Analyst (CFA) designation and is a member of the Investment Analysts Society of Chicago.