Deutsche Asset Management in New York said Tuesday that it has hired Jim Creighton from Barclays Global Investors to head its global index management unit.

Mr. Creighton, 49, is to be based in New York and report to Dean Barr, Deutsche Asset Management's chief investment officer. He succeeds Kathy Condon, who left in September to manage money for a family outside the United States, a company spokeswoman said.

At Barclays, Mr. Creighton was a managing director and global investment officer for indexing.

Mr. Creighton's appointment comes on the heels of some aggressive hiring by Deutsche Asset Management. Last month the bank hired a team of eight investment professionals, including Mr. Barr, from State Street Corp.

That hiring spree resulted in State Street's filing a lawsuit in Superior Court in Massachusetts alleging breach of a noncompetition agreement by three of its former employees.

Deutsche Asset Management, a unit of Frankfurt-based Deutsche Bank, manages more than $300 billion of assets in the Americas.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.