UN pension chief joins Northern Trust

The head of the United Nations Joint Staff Pension Fund is taking on a new role at Northern Trust Asset Management.

Pedro Guazo has been named Northern Trust Asset Management's new head of international and responsible investing.

Joining in August, Guazo will lead the asset manager's business in Europe, the Middle East and Asia Pacific, as well as its global responsible investment platform.

Subject to regulatory approvals, he will also be named chief executive of Northern Trust Global Investments.

For the past five years, Guazo has served as chief executive of the United Nations' pension fund which has some $100 billion in assets. Prior, he was finance director at the United Nations for eight years.

He will be based in London and report to president Daniel Gamba.

"Pedro's experience in leading large and complex organisations 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," Gamba said.