Morningstar Research Inc., the Canadian subsidiary of Chicago based Morningstar, Inc., is about to get a lot bigger after the firm announced it would hire to fill 350 positions in Toronto this year, expanding its local presence by 40 per cent.

The roles include approximately 250 technology positions, while the remaining 100 roles will be in environmental, social and governance (ESG) and credit rating capacities.

Morningstar Inc. CEO, Kunal Kapoor says “Toronto was the obvious choice,” citing the city’s thriving technology sector and base of financial industry talent. By adding 350 positions, to the 700 employees Morningstar currently has in Canada, the total workforce will be expanded to more than 1,000 employees before the end of the year.

“Expanding our people in Toronto allows us to be closer to our customers and investors,” says Morningstar Canada president and CEO, Scott Mackenzie. “Canadian investors need access to independent research, data, and insights to help navigate markets and pursue their financial objectives.”