Michael Hunstad
Chris Roth
Angelo Manioudakis
Northern Trust Asset Management has named Michael Hunstad and Chris Roth as co-CIOs, effective June 1, a spokesperson for the firm told CIO. The duo will succeed Angelo Manioudakis, who will retire on May 31, having served as CIO since September 2021.
Hunstad and Roth currently oversee the firm’s equities and fixed-income investments, respectively. They will report to Daniel Gamba, president of Northern Trust Asset Management.
The duo will oversee the firm’s investment performance, process and philosophy, according to a statement from Northern Trust. They will also be co-chairs of the firm’s investment policy committee. The firm’s fixed-income, equity, multi-asset and alternative CIOs will report to the Hunstad and Roth.
“Michael and Chris have a proven track record of investment expertise and longtime leadership in the asset management industry,” Gamba said in a statement. “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.”
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Hunstad has spent 12 years at NTAM, most recently as deputy CIO, CIO of global equities and executive vice president. In these positions, he oversees the $758 billion group’s equity portfolio management, research and trading activities. His prior roles at Northern Trust include head of quantitative strategies, head of global equity strategy and head of quantitative research.
Hunstad was previously head of asset allocation research at Allstate Investments LLC. He holds a bachelor of science degree in economics from Northern State University, an MBA from the Daniels School of Business at Purdue University, a masters of arts in economics and econometrics from the University of Illinois at Chicago, and a Ph.D. in applied mathematics from the Illinois Institute of Technology.
Roth joined NTAM as CIO of global fixed income in April 2024 to oversee the then-$414.1-billion fixed-income portfolio across liquidity, cash, credit, high-yield and municipal bonds, according to the firm’s statement at the time. He previously spent nearly 25 years at Morgan Stanley Investment Management, most recently as chairman and head of broad markets fixed income, and held senior roles, including head of multi-sector fixed income, head of credit and global fixed income, and co-head of global and European fixed income.
Roth was previously a portfolio manager at Miller Anderson & Sherrerd. He holds a bachelor of science degree in economics, finance and entrepreneurial management from the Wharton School at the University of Pennsylvania.
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Tags: Angelo Manioudakis, Chris Roth, Daniel Gamba, Michael Hunstad, Northern Trust, Northern Trust Asset Management, NTAM
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