Financial Information Research Provider Morningstar to Reduce Hundreds of 1,000 People in China Shenzhen, China Unit to Focus on China Market
14th July 2022 | Hong Kong
Financial information research provider Morningstar has announced plans to reduce hundreds of its 1,000 Morningstar workforce in in China Shenzhen, with the China workforce to focus on the China market while the some of the workforce will be relocated to Mumbai, Madrid, Toronto & Chicago. Morningstar: “Some staff will be transferred in the coming months to Mumbai, Toronto, Madrid, or Chicago – its global headquarters.” Morningstar is a leading provider of independent investment research in North America, Europe, Australia & Asia and was founded in 1984 by Joe Mansueto.
“ Financial Information Research Provider Morningstar to Reduce Hundreds of 1,000 People in China Shenzhen, China Unit to Focus on China Market “
Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers and owners, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $265 billion in assets under advisement and management as of March 31, 2022. The Company has operations in 29 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.
Morningstar’s Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Morningstar’s Manager Research Group produces various ratings and assessments including the Morningstar Analyst Rating and the Morningstar Quantitative Rating. The Morningstar Analyst Rating is derived from a qualitative assessment process performed by a manager research analyst, whereas the Morningstar Quantitative Rating uses a machine-learning model based on the decision-making processes of Morningstar’s analysts, their past ratings decisions, and the data used to support those decisions. In both cases, the ratings are forward-looking assessments and include assumptions of future events, which may or may not occur or may differ significantly from what was assumed. The Morningstar Analyst Ratings and Morningstar Quantitative Ratings are statements of opinions, subject to change, are not to be considered as guarantees, and should not be used as the sole basis for investment decisions. This press release is for informational purposes only; references to securities should not be considered an offer or solicitation to buy or sell the securities.
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