Michael Hunstad and Christian Roth bring combined six decades of investment expertise
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.
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.
Discover the latest trends and insights—explore the Business Insights Journal for up-to-date strategies and industry breakthroughs!
