By Muskan Arora
The $1.3T Northern Trust Asset Management has tapped United Nations Joint Staff Pension Fund’s chief executive officer Pedro Guazo to lead its international and responsible investing team, effective in August.
Guazo will also be named CEO of Northern Trust Global Investments, following regulatory approvals. He will be leading the teams in Europe, the Middle East and Africa, and Asia-Pacific.
He will succeed John McCareins, who was head of international until his departure from the firm in April to work as chief client officer at asset manager Aberdeen Investments.
The global responsible investing platform that Guazo will lead has $189B in assets. Situated in London, Guazo will report to Daniel Gamba, president at the firm alongside joining NTAM’s global leadership team.
“Pedro’s experience in leading large and complex organizations around the globe, his successful track record managing large pools of assets and his extensive responsible investing background make him perfectly suited to lead our business in Europe, the Middle East and the Asia-Pacific, and further strengthen the solutions we provide to clients” said Gamba, in a press release.
At UNJSPF, Guazo spent five years as CEO and was responsible for growing assets by almost 60% alongside building out private markets program. Markets Group has reached out to the pension plan for comment.
Before working as UNJSPF’s CEO, he was finance director at the U.N. in New York for nearly eight years, managing a portfolio of more than $10B, according to the plan’s website.
Prior to joining the UNJSPF, Guazo worked as a chief financial officer at World Food Programme for more than two years. Before that, he served as CFO and treasurer at Sociedad Hipotecaria Federal and Banco del Ahorro Nacional y Servicios Financieros BANSEFI.
