From the August 2007 issue of Investment Advisor • Subscribe!

August 1, 2007

Changes

Morningstar, Inc. announced that Kunal Kapoor, has been named president of Morningstar Investment Services, Inc., the wholly owned investment management subsidiary of Morningstar. Kapoor, who most recently served as director of business strategy for Morningstar's international operations, replaces Art Lutschaunig, who is leaving the company.

MassMutual has appointed two senior executives to the position of co-chief operating officer: Roger Crandall, executive VP and CIO of MassMutual, and chairman, president, and CEO of Babson Capital Management LLC; and William Glavin, executive VP of MassMutual's U.S. insurance group.

VSR Financial Services hired Christopher Radford as its new president. Radford comes to VSR from AIG Financial Advisers in San Diego, where he was executive VP of national sales. J. Michael Stanfield has served as VSR's president and CEO and will remain VSR's CEO after the transition.

American Century Investments has named Stephen Lurito as CIO for U.S. growth equity, which manages $30 billion, or nearly one-third of American Century's assets under management. Lurito joins American Century from MUUS Asset Management LLC, where he managed a $70 million hedge fund of funds and oversaw investment activity for $57 million in private equity funds.

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