Northern Trust AM appoints global co-CIO successor

Northern Trust Asset Management has appointed Anwiti Bahuguna as global co-chief investment officer to succeed Michael Hunstad, who was recently named president of the firm.

The global investment management firm, which has some US$1.3 trillion ($2 trillion) in assets under management (AUM) as at 30 June, has announced the internal appointment of Bahuguna to work alongside Christian Roth, who was appointed as co-CIO in May with Hunstad prior to his promotion earlier this month.

Bahuguna will oversee the firm’s range of investment capabilities from index, fundamental, quantitative, and tax-advantaged strategies to active, multi-asset class solutions and alternative investments.

Prior to taking on this position, Bahuguna was the deputy CIO for Northern Trust AM for two years, before which she spent 17 years as senior portfolio manager and head of multi-asset strategy at Columbia Threadneedle Investments.

In this new role, the firm explained, Bahuguna will take on shared responsibility for investment performance, process, and philosophy, in addition to leading a global investment team of more than 300 professionals.

Based in Chicago, Bahuguna will report to Hunstad and become a member of the asset management leadership group, investment policy committee, and risk committee.

Speaking on the appointment, the new president said Bahuguna’s deep economic expertise and global investment experience will help further boost the firm’s investor offering.

“Her proven ability to develop multi-asset strategies, build and lead high-performing teams, and navigate the complexities of global markets will help drive our clients’ investment success. I am confident that Anwiti will elevate our investment process and deliver value to investors worldwide,” Hunstad said.

Earlier in September, Northern Trust AM announced that Hunstad would take over from Daniel Gamba as president, effective immediately, who departs the manager after two and a half years in the role.