Former president Michael Henkel to stay on for another year as a consultant. Ibbotson Associates' CIO Peng Chen has taken on additional responsibilities as president of the Morningstar subsidiary. Chen replaces Michael Henkel, who's expected to hang on for another year or so as a consultant.

With Ibbotson's integration into Morningstar essentially accomplished, Henkel "has decided he wants to do something new," says Morningstar chairman and CEO Joe Mansueto. "He will stay on to help transition Peng into his new role, and then he'll work for us on a consulting basis, supporting our retirement advice and investment consulting areas."

Morningstar, a Chicago information provider to the investment-service industry, finalized its acquisition of Ibbotson earlier this year.

"Peng has the leadership qualities we need in this role," says Mansueto.

Chen, who has spent nine years with Ibbotson, helped develop many of Ibbotson's products, among them its investment consulting and 401(k) retirement-account services.

Chicago-based Ibbotson provides asset-allocation research and analysis and other investment-consulting services to institutional investors. --FWR

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