Northern Trust Asset Management (NTAM) has named Michael Hunstad and Christian Roth global co-chief investment officers, effective 1 June.
They replace Angelo Manioudakis, who has held the role since 2021, and report to NTAM president Daniel Gamba.
NTAM holds US$1.3 trillion in assets under management, US$758 billion of which is made up of equity assets. A further US$490.1 billion consist of fixed income and liquidity assets.
The duo are responsible for NTAM’s overall investment philosophy and performance. They will manage the group’s regional chief investment officers across asset classes.
Gamba commented: “They have each made significant contributions to NTAM’s investment platform, aligned to NTAM’s core philosophy that investors should be compensated for the risks they take, in all market environments and investment strategies.”
Hunstad has been chief investment officer for global equities at NTAM since 2020, and deputy chief investment officer since 2023. Half of his more than two-decade career has been spent with NTAM, holding roles including head of quantitative research and head of global equity strategy.
Earlier in his career, Hunstad was a senior quantitative strategist at algo trading firm Breakwater Capital and head of asset allocation research at Allstate Investments.
Roth has close to four decades of industry experience, and has been chief investment officer for global fixed income at NTAM since April 2024. Prior to this, he spent almost 25 years at Morgan Stanley Investment Management – most latterly leading the fixed income markets division.
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