Jim Creighton was named global chief investment officer for passive and enhanced strategies at Northern Trust Corp., Chicago, as part of its acquisition of the global passive and enhanced business of Deutsche Bank AG, Frankfurt.
Mr. Creighton headed Deutsche Asset Management's passive operations and now will head a new investment office for Northern Trust Global Investments in New York.
Mr. Creighton will have four business units reporting to him: Peter Kuntz of Deutsche will head non-U.S. indexed strategies; Patrick Cannon of Deutsche will head U.S. indexed strategies; Brad Adams of NTGI will be the global head of passive strategies; and Jeremy Baskin will head quantitative and enhanced U.S. strategies. Judy Bednarz will be the global COO; she held a similar position at NTGI.
