The new co-CIOs at the US-headquartered group – which operates in a number of regions – will succeed the current CIO, who is due to retire.

Chicago-headquartered Northern Trust Asset Management a global investment management firm with $1.3 trillion in assets under management, has just appointed Michael Hunstad (pictured) and Christian Roth as global co-chief investment officers, effective June.

They will succeed Angelo Manioudakis, who will retire from NTAM on 31 May, the firm said in a statement late last week. Manioudakis joined NTAM in September 2021 after more than 30 years in the asset management industry.

Hunstad and Roth will oversee NTAM’s investment performance, process and philosophy, the firm continued. 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.

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. Previously, Hunstad was head of quantitative strategies at NTAM, leading factor-based research, portfolio management and product development programmes.

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. Previously, Roth spent three decades at Morgan Stanley Investment Management, where he held several leadership positions in the firm’s fixed income business, including head of broad markets fixed income and head of multi-sector fixed income.