Northern Trust Asset Management (NTAM) has appointed a new head of international and responsible investing.
Pedro Guazo will join in August with the dual mandate of leading the asset manager’s business in Europe, the Middle East and Asia-Pacific, as well as its US$189 billion global responsible investing platform.
He will be based in London and be part of NTAM’s global leadership team, reporting to president Daniel Gamba. Guazo will be appointed CEO of Northern Trust Global Investments Limited, subject to regulatory approvals.
Guazo, most recently, was the chief executive for the $100 billion United Nations Joint Staff Pension Fund’s Office of Investment Management. During his five-year tenure, he transformed the fund, growing assets by nearly 60 per cent with an extensive buildout of a private markets program and diversifying the portfolio across several new asset classes.
He also served on the Investor Advisory Group for the International Sustainability Standards Board (ISSB).
“Pedro’s experience in leading large and complex organisations around the globe, his successful track record managing large pools of assets, and his extensive responsible investing background make him perfectly suited to lead our business in Europe, the Middle East and the Asia-Pacific, and further strengthen the solutions we provide to clients” Gamba said.
NTAM has $1.3 trillion in assets under management as of 31 March 2025.
In May, the firm appointed Michael Hunstad and Christian Roth to the dual role of global co-chief investment officers.
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 in April 2024 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 over 24 years at Morgan Stanley Investment Management, including as chairman for broad markets fixed income.
