Northern Trust Asset Management (NTAM) has appointed two global co-chief investment officers.
The firm, which has US$1.3 trillion ($2 trillion) in assets under management, has appointed Michael Hunstad and Christian Roth to the dual role.
They will replace Angelo Manioudakis who will retire on 31 May after almost four years in role and 30 years in asset management.
Within this new position, they will oversee NTAM’s investment performance, process and philosophy, will co-chair the investment policy committee, and lead the firm’s sector CIOs for equities, fixed income, multi-asset and alternatives.
Hunstad has worked at NTAM for more than 12 years and was most recently the deputy CIO and CIO for global equities. Previously, he was the head of quantitative strategies at the firm.
Meanwhile, Roth is a more recent hire to NTAM as he joined last April as CIO for global fixed income, overseeing investment strategy, process and approach for the firm’s fixed income business. Prior to joining NTAM, he spent 30 years at Morgan Stanley Investment Management, including as chairman for broad markets fixed income.
They will retain these existing responsibilities in addition to their global duties, the firm confirmed.
Effective on 1 June 2025, the pair will report to NTAM president Daniel Gamba.
He said: “Michael and Chris have a proven track record of investment expertise and longtime leadership in the asset management industry. 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.
“I am confident that under Michael and Chris’s leadership, NTAM will further strengthen its ability to serve our clients’ investment needs across all asset classes.”
Last year, Hunstad appeared in an episode of Money Management’s podcast, Relative Return, to discuss index investing and factors to consider when selecting an index fund.
