Morningstar buys Moorgate Benchmarks

European-based index provider

Morningstar has acquired European-based index design provider Moorgate Benchmarks to fuel indexing growth and innovation.

In 2019, Moorgate Benchmarks was seed funded by ETFS Capital as the company's only external investor. This transaction sees the company become a wholly owned subsidiary of Morningstar. The addition of Moorgate Benchmarks expands Morningstar Indexes' ability to service European clients. Dan Kemp to replace Needham as Morningstar IM Group's global CIO Under the terms of the deal, Moorgate Benchmarks' chief executive officer, Tobias Sproehnie, will become head of Morningstar Indexes in Europe, reporting to president of Morningstar Indexes Ron Bundy. Gareth Parker and Marke Pralle, ...