The appointment is part of a refocusing of the investment research capability in London, particularly in light of the changing UK market following the RDR.
Modi has been at Morningstar OBSR since 2006 as analyst covering US, UK and global emerging markets equity funds. He joins Mark Hinton, Anais Gfeller, and Will Jackson who were recruited over the past 24 months from Kleinwort Benson, Lombard Odier and Last Word Media respectively.
The hire brings the team up to 14, with 5 in London and a further 9 in Madrid. Manuel Yutaro Rubio has recently been transferred from the Madrid office to London.
Head of UK operations Stephen Mohan had been building up the sales team and now his attention is turning to Allfunds global research capability which has traditionally been focused on Madrid.
The ‘increasing emphasis in the UK on funds research in the post RDR world’ is the main driver of the move, the company said. It added that the demand for UK based fund research has also grown the number of British fund management groups on the Allfunds platform has grown significantly and now stands at over 40,000.
“Funds research is playing an increasingly important role in our offer in the UK particularly given the increasing desire by wealth managers to seek out the best funds for their clients,” Mohan said.
