Morningstar, Inc. announced the appointment of Ron Bundy as managing director. Bundy joined the firm in December, Morningstar Indexes. Bundy was most recently chief executive officer of North America benchmarks and head of strategic accounts for global index provider FTSE Russell. Prior to Russell's 2014 acquisition, Bundy served as chief executive officer of the Russel Index Group, where he grew a U.S.-centric business 20-fold into a truly global operation. Also joining Morningstar is Pat Fay, managing director of Morningstar Indexes. Fay was formerly head of research and consulting for EQDerivatives and, before that, global head of derivatives for FTSE Russell. Among the many efforts Fay led during his 8 years with CBOE, he spearheaded the launch of the highly successful VIX derivatives.