Northern Trust Asset Management makes senior hire.

Northern Trust Asset Management, a global investment management firm with $1.3 trillion in assets under management, appointed yesterday Anwiti Bahuguna as global co-chief investment officer. She joins global co-chief investment officer Christian Roth and succeeds Michael Hunstad, who was recently named president of Northern Trust Asset Management.

In this role, Bahuguna will oversee Northern Trust Asset Management’s range of investment capabilities from index, fundamental, quantitative and tax-advantaged strategies to active, multi-asset class solutions and alternative investments. In partnership with Roth, she will be responsible for investment performance, process and philosophy, while leading an investment team of more than 300 professionals globally, the firm said in a statement. She will be a member of the Asset Management Leadership Group, Investment Policy Committee and Risk Committee. Bahuguna is based in Chicago and reports to Northern Trust Asset Management President Michael Hunstad.

Most recently, Bahuguna was deputy global chief investment officer for Northern Trust Asset Management, CIO of multi-asset investments, and head of retirement and not-for-profit OCIO investment teams. Previously, she spent two decades at Columbia Threadneedle, where she served as head of US multi-asset strategy.

Northern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives, with $1.3 trillion in assets under management.