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Northern Trust logoNorthern Trust NTRS

Northern Trust announced on September 3, 2025 that Michael Hunstad will replace Daniel E. Gamba as President – Asset Management, effective immediately.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Northern Trust announced on September 3, 2025 that Michael Hunstad will replace Daniel E. Gamba as President – Asset Management, effective immediately.

  2. The company appointed Michael Hunstad as President of Northern Trust Asset Management (NTAM). He joined Northern Trust's Management Group and reports to Chief Executive Officer Michael O'Grady.

  3. Northern Trust said Hunstad has held a range of senior leadership roles at NTAM since joining in 2012, most recently serving as Global Co-Chief Investment Officer. The company said he leads a global team of more than 300 professionals.

  4. The company said before joining Northern Trust, Hunstad was 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.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Michael Hunstad Appointed President – Asset Management, Replacing Daniel E. Gamba

Northern Trust announced on September 3, 2025 that Michael Hunstad will replace Daniel E. Gamba as President – Asset Management, effective immediately.

Source · Based on the filing body and exhibits

Northern Trust Asset Management President Appointed; Reports to CEO

The company appointed Michael Hunstad as President of Northern Trust Asset Management (NTAM). He joined Northern Trust's Management Group and reports to Chief Executive Officer Michael O'Grady.

Source · Based on the filing body and exhibits

Hunstad's Career and Recent Role at NTAM

Northern Trust said Hunstad has held a range of senior leadership roles at NTAM since joining in 2012, most recently serving as Global Co-Chief Investment Officer. The company said he leads a global team of more than 300 professionals.

Source · Based on the filing body and exhibits

Hunstad's Prior Career and Education

The company said before joining Northern Trust, Hunstad was 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.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.