Morningstar steps up focus on super

Mark Hoven has joined Morningstar Australasia in the newly created role of senior vice president of enterprise sales.

Based in Sydney, Hoven will drive Morningstar's expansion in the superannuation and retirement sectors.

Morningstar currently supports a number of large super funds and has long provided the industry with data-driven solutions that power internal investment capability and regulatory reporting, help improve member outcomes and drive adviser engagement.

With over 23 years of strategic leadership in financial services, Hoven will continue to expand and enhance these offerings to the superannuation market, including to profit to member funds.

He has a track record of growing wealth-focused businesses from start-ups to new strategic initiatives within global institutions and has held executive roles with S&P Global, Equifax and Adviser Ratings.

He was head of wealth at Veda before it was acquired by Equifax.

Mark previously worked as an analyst for two global investment banks and with Exxon in business and engineering roles.

"We are excited to have Mark join Morningstar as we accelerate our plans in this fast-growing and important sector, said Morningstar's managing director, of enterprise Peter Bryant.

"Mark will be crucial in building our success in the sector with a new perspective on helping both retail and profit-to-member super funds succeed in a fast-moving investing and regulatory environment".

The appointment follows the recent hire of US-based Paul Schutzman as head of solutions for institutional investors by Morningstar Inc.

"Working with our international teams, Mark will be able to leverage our global reach in data, research and benchmarking to better serve our institutional clients," Peter added.

"Morningstar's capabilities in superannuation are consistent with Morningstar's mission to empower investor success and I am excited to be part of that," Hoven added.