Northern Trust has announced that Michael Hunstad has been appointed as president of Northern Trust Asset Management (NTAM), effective immediately, replacing Daniel Gamba. Hunstad will join Northern Trust’s Management Group and report to CEO Michael O’Grady.
Since joining NTAM in 2012, Hunstad has held a range of senior leadership roles including most recently serving as global co-CIO. He was responsible for overseeing a comprehensive suite of investment capabilities, including index, fundamental, quantitative and tax-advantaged strategies, as well as active, multi-asset class solutions and alternative investments. Hunstad has led a global team of more than 300 professionals. In addition to these responsibilities, he serves on the asset management executive group, the investment policy committee and the risk committee.
Before joining Northern Trust, Hunstad was head of research at Breakwater Capital and head of quantitative asset allocation at Allstate Investment
