Morningstar has appointed its head of global products and client solutions as president.

New York-listed Morningstar, a provider of investment research, has named Kunal Kapoor as president – a new role at the firm.

Kapoor, who previously served as head of global products and client solutions, will add responsibility for sales, marketing and product development.

He will continue to report to Joe Mansueto, chairman and chief executive.

Kapoor has held a number of leadership roles since joining Morningstar in 1997, including director of mutual fund analysis, director of business strategy for international operations, president and chief investment officer of Morningstar Investment Services, and head of Morningstar.com and the firm’s data business.