{"id":881725,"date":"2025-09-03T16:32:36","date_gmt":"2025-09-03T20:32:36","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-announces-new-president-of-asset-management-business-2\/"},"modified":"2025-09-03T16:32:36","modified_gmt":"2025-09-03T20:32:36","slug":"northern-trust-announces-new-president-of-asset-management-business-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-announces-new-president-of-asset-management-business-2\/","title":{"rendered":"Northern Trust Announces New President of Asset Management Business"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Northern Trust Announces New President of Asset Management Business<\/b><\/p>\n<p>CHICAGO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nNorthern Trust (Nasdaq: NTRS) announced today that Michael Hunstad has been appointed as President of Northern Trust Asset Management (NTAM), effective immediately, replacing Daniel Gamba. Hunstad will join Northern Trust\u2019s Management Group and report to Chief Executive Officer Michael O\u2019Grady.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20250903836025\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250903836025\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 343px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250903836025\/en\/2569637\/4\/Hunstad_Mike_23_1500x2100_3.jpg\" alt=\"Michael Hunstad, President, Northern Trust Asset Management\" \/><\/p>\n<p style=\"font-size:85%\">Michael Hunstad, President, Northern Trust Asset Management<\/p>\n<\/div>\n<p>\nSince joining NTAM in 2012, Hunstad has held a range of senior leadership roles including most recently serving as Global Co-Chief Investment Officer. 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 played a pivotal role in shaping NTAM\u2019s investment vision and philosophy, leading 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.<\/p>\n<p>\n\u201cWe are excited to have Mike step into the role of President of Northern Trust Asset Management,\u201d said O\u2019Grady. \u201cAfter 25 years in the industry and a proven track record of driving growth and innovation, Mike is the ideal leader to guide us in navigating the complexities of today\u2019s market. His strategic vision and commitment to client success will not only enhance our asset management capabilities but also position us to deliver exceptional value to our clients and stakeholders. We thank Daniel Gamba for his contributions and wish him success in his future endeavors.\u201d<\/p>\n<p>\nBefore joining Northern Trust, Hunstad was head of research at Breakwater Capital and head of quantitative asset allocation at Allstate Investments.<\/p>\n<p>\nHe holds a Ph.D. in mathematics, an MBA in finance, an M.A. in econometrics, and a bachelor&#8217;s degree in economics.<\/p>\n<p><b>About Northern Trust<\/b><\/p>\n<p>\nNorthern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2025, Northern Trust had assets under custody\/administration of US$18.1 trillion, and assets under management of US$1.7 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.northerntrust.com%2Fhome&amp;esheet=54318701&amp;newsitemid=20250903836025&amp;lan=en-US&amp;anchor=northerntrust.com&amp;index=1&amp;md5=82cc31e05a1bbe84b49b671e9f43b280\">northerntrust.com<\/a>. Follow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Fnortherntrustcompany%2F&amp;esheet=54318701&amp;newsitemid=20250903836025&amp;lan=en-US&amp;anchor=Instagram&amp;index=2&amp;md5=c5a173eea8dcdfbc84d36a4512ba2de8\">Instagram<\/a> @northerntrustcompany or Northern Trust on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fnorthern-trust%2F&amp;esheet=54318701&amp;newsitemid=20250903836025&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=b77baa53a682e55962ce6871569ff472\">LinkedIn<\/a>.<\/p>\n<p>\nNorthern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&amp;esheet=54318701&amp;newsitemid=20250903836025&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.northerntrust.com%2Fterms-and-conditions&amp;index=4&amp;md5=6b700b954c4bea29e61155ef390aab3c\">https:\/\/www.northerntrust.com\/terms-and-conditions<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250903836025r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250903836025\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250903836025\/en\/<\/a><\/span><\/p>\n<p><i>Europe, Middle East, Africa &amp; Asia-Pacific Contact:<br \/>\n<\/i><br \/>Camilla Greene<br \/>\n<br \/>+44 (0) 207 982 2176<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Camilla.Greene@ntrs.com\">Camilla.Greene@ntrs.com<\/a><\/p>\n<p>\nSimon Ansell<br \/>\n<br \/>+44 (0) 207 982 1016<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Simon_Ansell@ntrs.com\">Simon_Ansell@ntrs.com<\/a><\/p>\n<p><i>US &amp; Canada Contact:<br \/>\n<\/i><br \/>Joanne Zalatoris<br \/>\n<br \/>+1 (312) 900-3462<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Joanne.zalatoris@ntrs.com\">Joanne.zalatoris@ntrs.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Illinois<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Asset Management Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250903836025\/en\/2569637\/3\/Hunstad_Mike_23_1500x2100_3.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Michael Hunstad, President, Northern Trust Asset Management<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250903836025\/en\/507644\/3\/Northern_Trust_Left_Center.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Northern Trust Announces New President of Asset Management Business CHICAGO&#8211;(BUSINESS WIRE)&#8211; Northern Trust (Nasdaq: NTRS) announced today that Michael Hunstad has been appointed as President of Northern Trust Asset Management (NTAM), effective immediately, replacing Daniel Gamba. Hunstad will join Northern Trust\u2019s Management Group and report to Chief Executive Officer Michael O\u2019Grady. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250903836025\/en\/ Michael Hunstad, President, Northern Trust Asset Management Since joining NTAM in 2012, Hunstad has held a range of senior leadership roles including most recently serving as Global Co-Chief Investment Officer. 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. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-announces-new-president-of-asset-management-business-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Northern Trust Announces New President of Asset Management Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-881725","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Northern Trust Announces New President of Asset Management Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-announces-new-president-of-asset-management-business-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northern Trust Announces New President of Asset Management Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Northern Trust Announces New President of Asset Management Business CHICAGO&#8211;(BUSINESS WIRE)&#8211; Northern Trust (Nasdaq: NTRS) announced today that Michael Hunstad has been appointed as President of Northern Trust Asset Management (NTAM), effective immediately, replacing Daniel Gamba. Hunstad will join Northern Trust\u2019s Management Group and report to Chief Executive Officer Michael O\u2019Grady. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250903836025\/en\/ Michael Hunstad, President, Northern Trust Asset Management Since joining NTAM in 2012, Hunstad has held a range of senior leadership roles including most recently serving as Global Co-Chief Investment Officer. 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. &hellip; Continue reading &quot;Northern Trust Announces New President of Asset Management Business&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-announces-new-president-of-asset-management-business-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-03T20:32:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20250903836025\/en\/2569637\/4\/Hunstad_Mike_23_1500x2100_3.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-trust-announces-new-president-of-asset-management-business-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-trust-announces-new-president-of-asset-management-business-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Northern Trust Announces New President of Asset Management Business\",\"datePublished\":\"2025-09-03T20:32:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-trust-announces-new-president-of-asset-management-business-2\\\/\"},\"wordCount\":539,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-trust-announces-new-president-of-asset-management-business-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20250903836025\\\/en\\\/2569637\\\/4\\\/Hunstad_Mike_23_1500x2100_3.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-trust-announces-new-president-of-asset-management-business-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/northern-trust-announces-new-president-of-asset-management-business-2\\\/\",\"name\":\"Northern Trust Announces New President of Asset Management Business - 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Hunstad will join Northern Trust\u2019s Management Group and report to Chief Executive Officer Michael O\u2019Grady. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20250903836025\/en\/ Michael Hunstad, President, Northern Trust Asset Management Since joining NTAM in 2012, Hunstad has held a range of senior leadership roles including most recently serving as Global Co-Chief Investment Officer. 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. &hellip; Continue reading \"Northern Trust Announces New President of Asset Management Business\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-announces-new-president-of-asset-management-business-2\/","og_site_name":"Market Newsdesk","article_published_time":"2025-09-03T20:32:36+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20250903836025\/en\/2569637\/4\/Hunstad_Mike_23_1500x2100_3.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-announces-new-president-of-asset-management-business-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-announces-new-president-of-asset-management-business-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Northern Trust Announces New President of Asset Management Business","datePublished":"2025-09-03T20:32:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-announces-new-president-of-asset-management-business-2\/"},"wordCount":539,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-announces-new-president-of-asset-management-business-2\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20250903836025\/en\/2569637\/4\/Hunstad_Mike_23_1500x2100_3.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-announces-new-president-of-asset-management-business-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/northern-trust-announces-new-president-of-asset-management-business-2\/","name":"Northern Trust Announces New President of Asset Management Business - 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