Northern Trust Asset Management (NTAM), a leading global investment management firm with $1.1 trillion in assets under management as of June 30, 2023, announced that Anwiti Bahuguna, Ph.D., has been hired as Chief Investment Officer of Global Asset Allocation.
In this newly created role, Bahuguna will oversee NTAM’s entire asset allocation effort. As a member of Northern Trust’s Investment Policy Committee, she will be a key contributor in the development of the firm’s asset allocation recommendations. Bahuguna will report to Northern Trust Asset Management Global Chief Investment Officer Angelo Manioudakis.
“Increasingly, our clients are looking for holistic asset management solutions to their most complex investment challenges,” Manioudakis said. “With the addition of such an accomplished investment professional to our team, I am confident we can continue meeting the evolving needs of investors.”
Bahuguna will now oversee the firm’s asset allocation and multi-manager teams. Bahuguna’s appointment, in conjunction with the appointments of Michael Hunstad to Deputy Chief Investment Officer and CIO of Global Equities and Sheri Hawkins to Head of Investment Platform Services earlier this year, further strengthens NTAM’s investment capabilities.
NTAM’s multi-asset and multi-manager portfolios had $125 billion in assets under management and assets under advisement as of June 30, 2023.
Bahuguna joins NTAM with 25 years of industry experience. Most recently, she was head of U.S. multi-asset strategy at Columbia Threadneedle Investments, where she was responsible for approximately $45 billion in assets under management.
Previously, she served as the lead portfolio manager for the firm’s asset allocation funds and separately managed accounts. She was actively involved in setting the firm’s capital market assumptions, strategic asset allocation, tactical asset allocation, manager selection, and derivative overlays. Bahuguna holds a Ph.D. in economics from Northeastern University and a bachelor’s degree from St. Stephen’s College, University of Delhi.
