Lochlan Halloway
Market Strategist,
Morningstar
Morningstar
Adrian Atkins is a senior equity analyst for Morningstar Australasia Pty Ltd, a wholly owned subsidiary of Morningstar, Inc. He covers the utilities and transport (excluding airlines) sectors across Australia and New Zealand.
Before joining Morningstar in 2007, Adrian worked in corporate credit ratings at a major global ratings agency and in equity research at Aspect Huntley, which was acquired by Morningstar in 2004.
Atkins has a bachelor's degree in aeronautical engineering and a master's degree in commerce (Hons), majoring in finance and economics, both from the University of Sydney.
Lochlan Halloway is a strategist, Australia and New Zealand, for Morningstar*. He provides broad analysis of the Australian and New Zealand stock markets based on intrinsic valuations generated by our equity research team. Halloway also contributes to fundamental research on ASX-listed companies, namely in the consumer, industrials, and basic materials sectors.
Before joining Morningstar in 2023, Halloway was an adviser at the Department of the Prime Minister and Cabinet. He previously worked as an economist at Westpac.
Halloway holds a Bachelor of Economics (Hons and University Medal) from the University of Sydney and a master’s degree in financial economics from the University of Oxford.
*Morningstar Australasia Pty Ltd (“Morningstar”) is a wholly owned subsidiary of Morningstar, Inc.
Mathew Hodge, CFA, is a regional director, ANZ, for Morningstar*. His primary responsibility is to help the team to perform and efficiently communicate fundamental equity research with our clients in mind. His responsibilities include setting priorities for the team, hiring, people management, providing feedback, career development and promoting our research to the business and clients. Fundamental to the role is creating and maintaining an inclusive environment where the team can do its best work. He also helps develop and implement research methodologies on an ad-hoc basis.
Prior to mid-2021, Hodge was a director on the team and covered the metals and mining sector, including the large-cap global majors. Prior mid-2019, he was a senior resources analyst covering the metals and mining sector. Hodge joined Morningstar equity research via the acquisition of Aspect Huntley in 2006. In addition, Hodge has sat on Morningstar's economic moat committee since 2014. More recently, he led the refresh of our capital allocation methodology in 2020 and was the inaugural chair of the subsequently formed capital allocation committee.
Prior to joining Aspect Huntley in 2001 previously worked in mining, principally as a mining engineer in underground coal. Hodge studied mining engineering at the University of New South Wales and worked as a mining engineer in underground coal. He holds the Chartered Financial Analyst® designation.
* Morningstar Australasia Pty Ltd (“Morningstar”) is a wholly owned subsidiary of Morningstar, Inc.
Ashley has worked in the Finance Industry for 20 years with his last role as Director of Institutional Sales at S&P Global. His role at S&P Global was servicing the Funds Management Industry providing data, analytical services and research. Prior to S&P Global Ashley spent 9 years at BT Financial Group as a Senior Research Analyst covering managed funds and listed equities for the wealth manager. He also began his career in Superannuation at Russell Investments within a customer services role. Ashley is a Certified Investment Management Analyst (CIMA).
Shaun Ler is an equity analyst for Morningstar.* He is responsible for researching, analyzing, and developing investment recommendations on Australian and New Zealand listed equities. He is primarily focused on researching diversified financial securities, including asset and wealth managers, financial technology, and business services.
Before joining Morningstar in 2018, Ler was an investment analyst for Canaccord Genuity's asset-management division, where he engaged in company research and analysis on the Canaccord Australian Equities Portfolios before transitioning to the firm's equity research division. Before that, Ler was an analyst for a boutique investment bank and a wealth management firm.
Ler holds a bachelor's degree in commerce from the University of Melbourne and is a certified practicing accountant.
*Morningstar Australasia Pty Ltd (“Morningstar”) is a wholly owned subsidiary of Morningstar, Inc.
Nathan Zaia is a senior equity analyst for Morningstar.* He covers the Australian banking and insurance sectors.
Before joining Morningstar in 2019, Zaia spent almost three years as an investment analyst with Commonwealth Bank of Australia and Sequoia Financial Group, where he was responsible for Australian equity research and portfolio management. Before 2016, Zaia spent more than nine years in equity research at Morningstar covering a range of companies across industrials and diversified financials.
Zaia holds a bachelor’s degree in business from the University of Western Sydney.
*Morningstar Australasia Pty Ltd (“Morningstar”) is a wholly owned subsidiary of Morningstar, Inc.
WEBINAR
Tuesday, 9 December 2025 | 12:30 p.m. - 1 p.m. (Sydney time)
CPD Approved
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Join Lochlan Halloway, Market Strategist on Tuesday 9 December as he shares his insights on what’s ahead for Q1 2026 in the Australian Market.
In this quarterly webinar, Lochlan will be joined by Senior Equity Analyst Nathan Zaia, for a closer look at the financial sector. Making up 40% of the ASX, banks and insurers are impossible to ignore, yet modest earnings growth and stretched valuations make it a challenging sector for investors to navigate.
In this session, you will:
You will also be able to download our recent quarterly reports, 'Australian Equity Market Outlook Q1 2026' and 'Industry Pulse: Australian Banks Q3 2025'.
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