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Chicago-based Morningstar Inc. announced recent additions to its leadership team on Tuesday.

The firm has appointed Ron Bundy to lead the growth of its global Morningstar Indexes business. He joined the firm in December as managing director, Morningstar Indexes. 

Bundy, who has more than 20 years of experience growing and scaling global index businesses, most recently served as CEO of North America benchmarks and head of strategic accounts for FTSE Russell. Prior to Russell’s 2014 acquisition, Bundy was CEO of the Russell Index Group.

Pat Fay has also joined the firm as managing director, Morningstar Indexes. Fay was previously the head of research and consulting for EQDerivatives and, prior to that, global head of derivatives for FTSE Russell.

“We are fortunate Morningstar Indexes has grown to a position where we can attract such accomplished leadership,” Morningstar CEO Kunal Kapoor said in a statement.