Morningstar Establishes Equity Research Analyst Team in Europe

London - 11 March 2014

Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, is expanding its equity research offering in Europe with the appointment of Alex Morozov, CFA as director of equity research, Europe, and Allen Good, CFA, Philip Gorham, CFA, FRM, and Allan Nichols, CFA as senior equity analysts. The team is based in Amsterdam. 

“We’ve covered European equities for many years, and our investment in a local analyst team in Europe reinforces our commitment to providing investors with effective equity research and ratings to help them make better investing decisions,” Heather Brilliant, Morningstar’s global director of equity and corporate credit research, said. “By adding analysts on the ground in Europe, we’ll be able to expand the depth of knowledge of the European companies we cover, produce more timely stock commentary, meet with local company management more often, and serve our European clients more effectively.” 

Morningstar’s equity analysts publish institutional-quality company reports, analyst notes, pick lists, and industry and sector research, along with proprietary, qualitative ratings including the Morningstar Rating™ for stocks, Morningstar® Economic Moat™ Rating, and Fair Value Estimate. Morningstar equity analysts also publish the Observer series, in-depth sector research reports that harness Morningstar’s focus on a long-term investment horizon and economic moats—or sustainable competitive advantages—to analyze complex investment trends. Morningstar also provides quantitative ratings and reports for more than 30,000 companies globally. 

Morningstar is one of the largest providers of independent equity research, employing about 120 equity and corporate credit analysts globally who cover more than 1,500 stocks and 700 corporate debt issuers, including approximately 250 European stocks. A list of the current Morningstar’s equity research is published in Morningstar DirectSM, the company’s global investment analysis platform for institutional investors; Morningstar Select, its institutional equity research portal; and Morningstar® Analyst Research CenterSM, its web-based research portal for financial advisors and other investment professionals. 

Morozov is director of European equity research, leading a team of equity analysts based in Amsterdam who cover European and global companies. Prior to assuming his current role, he was head of healthcare equity research, where he led a team of 10 healthcare analysts that covers more than 150 companies across the healthcare sector worldwide. Before that, he was a senior equity analyst, covering the medical instruments, life sciences, and diagnostics industries. Morozov holds a bachelor’s degree in finance, with a minor in mathematics, from the University of Missouri. He also holds the Chartered Financial Analyst® designation. Good is a senior equity analyst, covering the oil and gas industries. Prior to joining Morningstar in 2008, he performed merger and acquisition advisory work for a middle-market investment bank. Before that, Good spent several years at Black & Decker in various operational roles. He holds a bachelor’s degree in business from the University of Tennessee and a master’s degree in business administration from the University of North Carolina Kenan-Flagler Business School. Good also holds the Chartered Financial Analyst® designation. 

Gorham is a senior equity analyst, covering the European consumer sector. From 2011 to 2013, he was an equity analyst for Federated Investors, where he covered the consumer sector for the firm’s global core equity and mid-cap growth funds. He rejoined Morningstar in 2014 after serving as equity analyst and associate director of equity research for the consumer staples sector for Morningstar from 2008 to 2011. Gorham holds a bachelor’s degree in economics from the University of Sunderland in the UK. He holds a master’s degree in business administration and a master’s degree in accounting from the University of North Carolina. Gorham also holds the Chartered Financial Analyst® and certified Financial Risk Manager (FRM®) designations. 

Nichols is a senior equity analyst, covering the telecommunications sector. He was previously a senior equity analyst in Morningstar’s Chicago office, covering international telecommunication companies. Before joining Morningstar in 2004, he spent nine years covering domestic and international stocks for Kirr, Marbach & Co., including five years of managing international stocks for the firm. Nichols holds a bachelor's degree in finance, with an emphasis in investments, from the University of Utah and a master’s degree in business administration from Indiana University, with a major in finance and a minor in economics. He also holds the Chartered Financial Analyst® designation.

Morningstar has offices in 12 countries across Europe, including Denmark, Finland, France, Germany, Italy, Luxembourg, The Netherlands, Norway, Spain, Sweden, Switzerland, and the United Kingdom.

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