SYDNEY, 30 January 2014 - Andrew Lill has joined Ibbotson Associates Australia, a unit of Morningstar, Inc.'s (NASDAQ: MORN) investment management group, as Chief Investment Officer, Asia-Pacific.

Lill will be responsible for leading the investment management teams in the Asia-Pacific region. He will also contribute to Morningstar's global investment management committees, policies, capabilities, and thought leadership. Based in Sydney, he reports to Daniel Needham, Morningstar's Global Chief Investment Officer.

"We're pleased to have Andrew on board," Needham said. "His extensive background in investment management, consulting and advice, asset allocation, portfolio construction, and related fields will enable him to make a major contribution to our goal of building a leading global investment management business."

Lill has 20 years' experience in advising and managing institutional funds and investment teams in Australia, Asia, and the United Kingdom. He worked most recently at AMP Capital Investors as Head of Investment Solutions in the Multi-Asset Group, and before that, Head of Investment Specialists, Listed Assets.

He previously spent seven years with Russell Investment Group, as Director of Consulting - Asia-Pacific and ultimately as Director of Investment Strategy. His experience in the United Kingdom included roles in manager research with investment consultant Lane Clark and Peacock and as an investment analyst with Watson Wyatt. He has bachelor's and master's degrees in economics from Cambridge University and is a Fellow of the UK Institute of Actuaries.

"I look forward to contributing to Ibbotson and Morningstar Investment Management's goal of creating better pre- and post-retirement investment outcomes for institutions, advice groups, and their clients in Australia and the Asia-Pacific region," Lill said.

About Ibbotson Associates Australia and Morningstar, Inc.
Ibbotson Associates Australia Limited is a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research. Ibbotson Associates Australia, along with Morningstar's other investment advisory subsidiaries, comprise Morningstar's investment management group. This group provides independent investment management and consulting services to institutions and advisers, and
had approximately US$176.0 billion in assets under advisement and management at 30 September 2013.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australasia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisers, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 437,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 10 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. The company has operations in 27 countries.
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