Morningstar named Brian Grow as president of its credit rating business.
The appointment, which was announced Feb. 13, is effective immediately.
Grow was previously director of residential mortgage-backed securities and asset-backed securities.
He replaces Vickie Tillman, who retired as president at the end of 2017 and oversaw the company’s expansion from a niche provider of commercial mortgage-backed securities ratings to a diversified credit rating agency.
In his new role, Grow will oversee the day-to-day operations of Morningstar Credit Ratings. He is based in New York and will report to Haywood Kelly, head of global research at Morningstar.
“Brian has proven to be an extremely effective leader and has helped take Morningstar Credit Ratings from a single-asset class to a full-service and diverse rating agency," Kelly said in a press release.
"His analytical and technical expertise, high-quality standards, and history of strategic decision-making will support Morningstar in its mission to help investors reach their financial goals. I look forward to working closely with Brian to continue building our ratings and research offerings."
Grow joined Morningstar Credit Ratings in 2011. He previously spent 10 years in various leadership roles at Standard & Poor's in its New York and Melbourne, Australia, offices. He has also worked for JPMorgan Chase Bank and Cleary Gottlieb Steen & Hamilton.
"I'm excited to lead our talented team, better understand investor needs, and respond with innovative products," said Grow. "Morningstar's long-term perspective allows us to continue building tools and providing insight to the credit market during dynamic economic cycles."