State Street’s asset management business State Street Global Advisors (SSGA) has named Dublin-based Ann Prendergast head of EMEA.
Following this appointment, Prendergast will retain her position as chief executive of State Street Global Advisors Europe.
As part of this new role, Prendergast will develop and execute the business’ strategic direction in Europe, “ensuring continued growth in the region and providing regulatory oversight for the firms’ EMEA activities”.
She will report directly to president and chief executive of SSGA, Yie-Hsin Hung and lead a team around 500 professionals across the region.
Prendergast said: “I’m proud to lead our business in the EMEA region. There is a significant opportunity ahead of us to strengthen our existing franchises and client relationships, while also focusing on new strategic areas. I look forward to working with the team to pursue our growth ambitions.”
She has been with State Street since 2000, beginning as a relationship manager. As head of State Street Global Advisors Europe – her current role – she is responsible for the firm’s EU-based portfolio management, distribution, product development, fund management and operations.
Previous head of EMEA Rory Tobin retired in June after nine years at State Street Global Advisors.
Speaking to Prendergast’s appointment, Hung said: “I’m excited to announce Ann’s appointment. She will be responsible for spearheading our growth aspirations and building on SSGA’s strong position in Europe. Ann brings a deep understanding of our business to her new responsibilities, having spent more than two decades of her career with our firm. I am confident that we will benefit greatly from her deep industry knowledge, strong client orientation, regulatory experience and leadership strengths.”