Morningstar CEO Toby Webb has been replaced by Bevin Desmond, Morningstars president of international operations.
Desmond will oversee the running of the UK business until a replacement is found for Webb, with the group actively recruiting and expecting to find somebody soon. Morningstar has 17 international operations outside the US.
Desmond says: “Toby Webb went last week. I would prefer not to comment on the reasons for his departure.”