Morningstar Announces Plans to Add 350 Jobs in Toronto and Increase Local Presence by 40%

This year, about 250 jobs will be created in technology-related functions, the rest in the core business of the organization

TORONTOJune 13, 2022 /CNW/ – Morningstar, Inc. (Nasdaq: MORN), a leader in independent investment research, has announced plans to add 350 jobs to… Toronto this year, expanding its presence in Canada’s most important market.

These are about 250 technology jobs such as software engineers and developers, product managers and project managers. The remaining 100 jobs will be allocated to ESG and credit assessment capabilities.

Morningstar currently employs 700 people in Canada and the additional jobs will give the company a Canadian footprint of more than 1,000 employees.

“When we decided to expand our presence in Canada, Toronto was the obvious choice,” says Kunal Kapoor, CEO of Morningstar Inc. “Toronto is a global city with a thriving technology sector and an abundance of talent in the financial sector. Our expansion to Toronto builds on our growth in North America and globally. †

Morningstar has been providing independent research, data and information in Canada for over a year
20 years via Morningstar, DBRS Morningstar and Morningstar Sustainalytics. The company has been recognized by the Great Place to Work® Canada Institute as one of the best places to work for nine years in a row.

“We are delighted to announce our presence at Torontoand more broadly in Canada, and to enrich our long history in this important market,” says Scott MackenzieChairman and CEO of Morningstar Canada† “Increase the number of employees to Toronto enables us to be closer to our customers and investors. More than ever, Canadian investors need access to independent research, data and information to help them navigate the markets and pursue their financial goals. †

Morningstar estimates that adding these jobs should pump millions of dollars into the local economy each year.

“We are working to ensure that Toronto bounces back stronger than ever and progresses in recovery. This includes continuing to attract people and businesses from all over the world to our city,” said Toronto Mayor John Tory. “This news from Morningstar represents another vote of confidence from a company that sees the value in our city and what we have to offer. I welcome the hundreds of new jobs announced today and thank Morningstar for supporting the cause of Toronto and be part of the exemplary success. †

The Best Workplaces in Canada
the co-workers of Morningstar Canada are part of a company that has been recognized as one of ‘Canada’s Best Workplaces’ for nine years in a row. At Morningstar, employee contributions matter and drive change. We have invested in supporting a community where talented and motivated people can thrive. Our entrepreneurial spirit and unwavering sense of morality guide us in everything we do, all on behalf of investors and to enable them to succeed. Morningstar provides its employees with a healthy and stimulating work environment that values ​​diversity and transparency, and offers education benefits, health and wellness programs, share ownership, regular sabbaticals and flexible leave policies.

To apply for a position with the organization, visit https://www.morningstar.com/careers.

About Morningstar Research Inc. and Morningstar, Inc.
Morningstar Research Inc. is a subsidiary of Chicago-based Morningstar, Inc., North America’s leading independent investment research firm. Europe, Australia and Asia. Morningstar provides data and research information on a wide variety of investment products, publicly traded companies, private capital markets and real-time global stock market data. Morningstar also provides investment management services through its investment advisory subsidiaries, with approximately US$265 billion in assets under advisory and management as of March 31, 2022. The company is active in 29 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.

Caution Regarding Forward-Looking Statements
This press release contains forward-looking statements, as defined in:
the Private Securities Litigation Reform Act (UnitedStates) of 1995. These statements are based on expectations that:
we maintain regarding future events or financial performance. By their nature, forward-looking statements involve matters of varying degrees of uncertainty, and often include words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” ” anticipate”, “believes”, “estimates”, “predicts”, “potential”, or “continues”. These statements involve known and unknown risks and uncertainties that could cause the events discussed may not materialize or differ materially from our expectations. For us, these risks include, but are not limited to, the inability to maintain and protect our brand, independence and reputation, for example, disclosure of personal information about individuals, cybersecurity liability and information protection. of any actual or alleged violation of our fiduciary duties or failure to comply with applicable securities laws, violations of standards, regulatory measures or applicable legal changes our credit rating or investment advisory, ESG principles and indices business, the inability to adapting technological change, keeping up with the latest technological developments or pursuing a successful technology strategy, the inability to ensure the recruitment, development and retention of qualified employees, the inefficiency of n our operational risk management and business continuity programs in the event from a highly disruptive event, such as a failure of our database, technology products and services or network facilities, the inability to differentiate our products and services and to continuously provide innovative, proprietary and insightful fintech solution and, volatility or prolonged downturns affecting the financial sector, global financial markets and the global economy and its effect on the income we provide our asset-based fees and credit rating operations, the inability to support the growth of our businesses in the fragmented geopolitical, regulatory and cultural world of ours, our responsibility for information and data we collect, store, use, create and distribute or reports we publish or publish through our software products, inability to effectively integrate our acquisitions and other investments and produce the expected results, the impact of the current COVID-19 pandemic and the effects of government measures on our business, our financial condition and the results of our activities, including the concentration of data and development work in our field offices in China and India, debt that negatively affects could affect our cash flow and financial flexibility, and the inability to protect our intellectual property rights or assert our claims of individual property infringement against us. A more complete description of these risks and uncertainties can be found in our official filings with the SEC, along with our most recent Annual Report on Form 10-K. Should these risks or uncertainties materialize, our actual future results and other future events could differ materially from what we expected. We make no commitment to update our forward-looking statements as a result of new information or future events.

©2022 Morningstar, Inc. All rights reserved.

MORN-C

Media contact:
Scott Anderson416-420-9909, [email protected]

Logo – https://mma.prnewswire.com/media/462798/morningstar_logo.jpg

SOURCE Morningstar, Inc.

Leave a Comment