Northern Trust Asset Management Announces Leadership Changes

Rhea-AI Summary

Northern Trust Asset Management announces organizational and leadership changes to drive growth and meet client needs.

Positive

• John McCareins appointed Head of International to foster global collaboration and build regional capabilities tailored to clients in EMEA & APAC regions.
• Michael Hunstad named Deputy CIO and CIO of Global Equities to optimize portfolios and manage risk with systematic approaches.
• Sheri Hawkins to lead Investment Platform Services, advancing investment processes and delivering portfolio management excellence.

Negative

• None.

CHICAGO--(BUSINESS WIRE)-- Northern Trust Asset Management today announced organizational and leadership changes designed to foster growth while meeting and anticipating the needs of clients.

John McCareins, Head of International (Photo: Business Wire)

“Since my arrival as NTAM President, I have had the pleasure of meeting with hundreds of key staff members across Northern Trust to discuss our business, capabilities and culture,” NTAM President Daniel Gamba said. “With our dedicated and talented team, we will build on our strong foundation and focus on growing client segments and capabilities where NTAM has a demonstrated ability to deliver meaningful value to our clients. As we continue to advance a performance-based, global mindset across all functions, we will drive a culture of focus, collaboration and innovation.”

NTAM’s structure includes the following appointments:

• John McCareins, Head of International – To foster greater innovation and global collaboration, NTAM is naming one leader responsible for both the EMEA & APAC regions. In this newly created role, McCareins will lead regional and country strategies, and manage daily operations, regulatory affairs, relationships with our other businesses, and build out local capabilities tailored to the regional clientele. McCareins will have a series of country managers reporting to him and he will continue reporting to Gamba.
• Michael Hunstad, Deputy Chief Investment Officer (CIO) and CIO of Global Equities – Hunstad is a proven, trusted advisor to many of our most sophisticated clients and a recognized leader in optimizing portfolios and managing risk with systematic approaches. In this newly created role, Hunstad will continue to report to Global Chief Investment Officer Angelo Manioudakis and assist him in shaping our investment vision, strategy, portfolio construction, and risk management framework for our broad investment platform. Together they will seek to optimize investment performance and deliver best-in-class investment solutions.
• Sheri Hawkins, Head of Investment Platform Services – Hawkins will lead a new group, Investment Platform Services, that will be closely tied with the investment organization. This new team will advance our investment processes and platform to deliver investment and client portfolio management excellence across our broad, complex investment capabilities – at scale. The team will include equity trading, client portfolio management, index services, stewardship, and an expanded mandate for our Office of the CIO to cover performance monitoring and alpha enhancements across investment teams. Hawkins will continue to report to Gamba.

“I am energized by NTAM’s leadership team and confident that these changes will help build on our success,” Gamba said. “Our team is committed to delivering value and meaningful solutions to meet our clients’ needs, address their challenges, and offer solutions that bring tangible benefits.”

About Northern Trust Asset Management

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives. Entrusted with $1 trillion in assets under management as of March 31, 2023, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.

Northern Trust Asset Management is composed of Northern Trust Investments, Inc., Northern Trust Global Investments Limited, Northern Trust Fund Managers (Ireland) Limited, Northern Trust Global Investments Japan, K.K., NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Belvedere Advisors LLC, Northern Trust Asset Management Australia Pty Ltd and investment personnel of The Northern Trust Company of Hong Kong Limited and The Northern Trust Company.

About Northern Trust

Northern 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 25 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2023, Northern Trust had assets under custody/administration of US$14.2 trillion, and assets under management of US$1.3 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on northerntrust.com. Follow us on Twitter @NorthernTrust or Northern Trust Corporation on LinkedIn.

Northern 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 https://www.northerntrust.com/terms-and-conditions.

© 2023 Northern Trust Corporation

View source version on businesswire.com: https://www.businesswire.com/news/home/20230628753086/en/

Doug Holt

312-557-1571

Doug_Holt@ntrs.com

http://www.northerntrust.com

Source: Northern Trust Asset Management

FAQ

Who is the new Head of International at NTAM?

John McCareins has been appointed as the Head of International at NTAM.

What will Michael Hunstad's new role be at NTAM?

Michael Hunstad will be the Deputy CIO and CIO of Global Equities at NTAM.

What is the role of Sheri Hawkins at NTAM?

Sheri Hawkins will lead Investment Platform Services at NTAM.