Northern Trust Names Michael Hunstad President of Asset Management

Michael Hunstad, President, Northern Trust Asset Management • Photo Credit: Northern Trust Asset Management

CHICAGO, September 3, 2025 (FINANCE INTERVIEWS) — Financial services company Northern Trust has announced the appointment of Michael Hunstad as President of Northern Trust Asset Management (NTAM). Hunstad succeeds Daniel Gamba and will report to Chairman and Chief Executive Officer Michael O’Grady.

Hunstad joined NTAM in 2012 and most recently served as Global Co-Chief Investment Officer. In that role, he oversaw investment capabilities spanning index, fundamental, quantitative, and tax-advantaged strategies, as well as active, multi-asset class solutions and alternative investments. He has also been a member of the Asset Management Executive Group, the Investment Policy Committee, and the Risk Committee, leading a team of more than 300 professionals.

“We are excited to have Mike step into the role of President of Northern Trust Asset Management. After 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’s 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,” said O’Grady.

Before joining Northern Trust, Hunstad held positions as head of research at Breakwater Capital and head of quantitative asset allocation at Allstate Investments. He holds a Ph.D. in mathematics, an MBA in finance, an M.A. in econometrics, and a bachelor’s degree in economics.

As of June 30, 2025, Northern Trust reported assets under custody and administration of $18.1 trillion and assets under management of $1.7 trillion.

For more information, visit www.northerntrust.com.

Source: Northern Trust Corporation