Richard Romer-Lee and Nigel Whittingham have revealed details of their new consultancy business, nearly a year after the pair left Morningstar OBSR last October.
Their new business, set to officially open in January 2014, will be called Square Mile Investment Research and Consulting.
It will target three groups of clients - advisers, wholesale and asset managers. The business will include a fund ratings service and the team will also help clients put together investment propositions and model portfolios.
Romer-Lee was a founding member of OBSR and became managing director of Morningstar's investment consulting operations in Europe, after Morningstar acquired OBSR in 2010.
Whittingham was managing director of Morningstar OBSR in the UK and Ireland. Both left the company in October last year.
The pair will be joined as a founding director by David Pickles, who previously owned his own consulting business and has also worked in senior positions for M&G and Henderson.
Romer-Lee (pictured) said: "As was the case in the past, the foundation for the new venture will be a very strong qualitative active fund research capability. The business model for the ratings business will be in line with how we have always managed this part of our business.
"We recognise that the market has moved on post-RDR, and the new business will offer services that reflect those changes. We are really excited about the prospects for the new business."
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