NTAM Names BlackRock Exec as New President

Daniel Gamba

The Northern Trust Corporation this morning announced a new president at its asset management division: BlackRock veteran Daniel Gamba. He replaces Shundrawn Thomas, who resigned from the top slot at Northern Trust Asset Management in June 2022 and founded his own investment firm.

Gamba, who will start at NTAM on April 3, spent 22 years at asset management giant BlackRock, where he served as the firm’s co-head of fundamental equities. He also was a member of BlackRock’s global operating, portfolio management group executive and human capital committees.

Thomas, who became NTAM’s president in 2017, has started his own diverse-owned business, the Copia Group, which is aimed at helping privately held U.S. companies gain debt and equity capital.

Gamba has led investment, distribution and product teams, which Northern Trust said in a release compiled “a track record of driving businesses through growth and change.” The company said Gamba is “committed to diversity and inclusion,” and was the founder and co-chair of Somos Latinx & Allies Network, a BlackRock employee affinity group.

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“Daniel has a unique set of experiences well-suited for the continued growth of Northern Trust Asset Management, with a track record of delivering strong results,” said Michael O’Grady, CEO of Northern Trust, in a statement. Gamba will report to him. O’Grady expressed confidence that, with Gamba’s leadership, “Our business will continue to grow and deliver best-in-class investment solutions and services to our clients.”

Gamba previously chaired the board of governors of the CFA Institute, the prominent association for investment management professionals. He also served as a board director for the Council of Urban Professionals, which aids the next generation of diverse business and civic leaders.

He earned a bachelor’s degree in industrial engineering from Pontificia Universidad Católica del Perú in Lima, Peru, and an MBA in finance and economics from Northwestern University’s Kellogg School of Management, where he served on the board of its alumni association for four years.