New CEO for Morningstar Korea

17 July 2014   Category: News, Asia, Korea   By Asia Asset Management

Morningstar Korea Limited, a subsidiary of investment research firm Morningstar Inc, has appointed Jung-Tae Chae as chief executive officer to replace Jason Yoon, who is retiring from the firm. “Jason has been an integral part of the growth of our Korea business for the past seven years, and we wish him well,” said Tom Schiller, Morningstar’s director of client solutions, Asia-Pacific.

Mr. Chae was previously a managing director and country manager for Standard & Poor’s in Seoul, South Korea. Before joining Standard & Poor’s in 2000, he was a relationship and business development manager for Fleet National Bank and Barclays Bank in Seoul. At Morningstar, Mr. Chae will oversee the firm’s investment consulting and portfolio management services for Morningstar Investment Management clients in Korea, while leading local thought leadership and operations for the company’s information products business.

Mr. Schiller added: “Jung-Tae brings significant experience in Asia financial information services and nearly 30 years of business development knowledge to Morningstar, and we are pleased to welcome him to the company. He will play an instrumental role in the continuous expansion of our investment and data offerings to investors throughout Asia, ensuring we are providing our clients with leading proprietary solutions.”

Morningstar expanded to Asia in April 2000 and has since grown its businesses into Japan, Korea, India, mainland China, Taiwan, Singapore, Malaysia, and Hong Kong.