Northern Trust Asset Management Appoints Global Co-Chief Investment Officers

Michael Hunstad and Christian Roth bring combined six decades of investment expertise

CHICAGO--(BUSINESS WIRE)-- Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.3 trillion in assets under management as of March 31, 2025, has appointed Michael Hunstad, PhD and Christian (Chris) Roth, CFA as Global Co-Chief Investment Officers, effective June 1, 2025.

Michael Hunstad, Global Co-Chief Investment Officer, Northern Trust Asset Management

Hunstad and Roth will oversee NTAM’s investment performance, process and philosophy. They will co-chair the Investment Policy Committee and lead the equity, fixed income, multi-asset and alternatives chief investment officers globally. They will be members of the Asset Management Executive Group and report to NTAM President Daniel Gamba.

“Michael and Chris have a proven track record of investment expertise and longtime leadership in the asset management industry,” Gamba said. “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.”

Hunstad and Roth will succeed Angelo Manioudakis, who will retire from NTAM effective May 31, 2025. Manioudakis joined NTAM in September 2021 after more than 30 years in the asset management industry.

Michael Hunstad, Ph.D.

Hunstad has spent more than 12 years with NTAM. Most recently, he was deputy chief investment officer and chief investment officer of global equities, overseeing all equity portfolio management, research and trading activities including quantitative, index and tax-advantaged strategies. NTAM has $758B in equity assets under management as of March 31, 2025. Previously, Hunstad was head of quantitative strategies at NTAM, leading factor-based research, portfolio management and product development programs. Hunstad holds a Ph.D. in mathematics, an MBA in finance, a master’s degree in econometrics and a bachelor's degree in economics.

Christian Roth, CFA

Roth joined NTAM in April 2024 as chief investment officer of global fixed income. He oversees the investment strategy, process and approach for NTAM’s fixed income and liquidity business globally. As of March 31, 2025, NTAM has $490.1B in fixed income and liquidity assets under management. Previously, Roth spent three decades at Morgan Stanley Investment Management, where he held several leadership roles in the firm’s fixed income business, including as head of broad markets fixed income and head of multi-sector fixed income. He is a CFA® charterholder.

About Northern Trust Asset Management

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives. Entrusted with $1.3 trillion in assets under management as of March 31, 2025, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.

Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Northern Trust Asset Management Australia Pty Ltd, and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2025, Northern Trust had assets under custody/administration of US$16.9 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/terms-and-conditions.

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Europe, Middle East, Africa & Asia-Pacific Contact:

Camilla Greene

+44 (0) 207 982 2176

Camilla.Greene@ntrs.com



Simon Ansell

+44 (0) 207 982 1016

Simon_Ansell@ntrs.com



US & Canada Contact:

Joanne Zalatoris

+1 (312) 900-3462

Joanne.zalatoris@ntrs.com

Source: Northern Trust Asset Management