Northern Trust Asset Management (NTAM), a division of Northern Trust, has appointed Michael Hunstad and Christian Roth as global co-chief investment officers (co-CIOs).

The duo will assume their new responsibilities on 1 June 2025.

Hunstad and Roth will be responsible for overseeing the investment performance, processes, and philosophies at NTAM.

They will co-chair the investment policy committee and lead the global teams for equity, fixed income, multi-asset, and alternatives.

Both executives will also be part of the asset management executive group and report directly to NTAM president Daniel Gamba.

The new appointments come in the wake of Angelo Manioudakis’ retirement, who has been with the $1.3tn business since September 2021 and will step down on 31 May 2025.

Hunstad has been with NTAM for over 12 years, previously serving as deputy chief investment officer and chief investment officer of global equities.

Roth joined NTAM in April 2024 as chief investment officer of global fixed income. He is responsible for the investment strategy and processes for NTAM’s fixed income and liquidity business.

Gamba 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.”

In March this year, NTAM appointed Tim Brown as the new head of UK sales. Brown will operate out of London.