Ann Prendergast has been named as the new head of State Street Global Advisors across Europe, the Middle East, and Africa, taking over from Rory Tobin who retired in June after nine years with the company. Prendergast has been with State Street for 23 years and has been leading the European division since 2017, overseeing various aspects of the business. She was also recognized as one of Financial News’s 100 most influential women in finance this year.
Her new role will see her leading a team of around 500 staff members and reporting directly to State Street Global Advisors president and chief executive Yie-Hsin Hung. Prendergast will continue to be based in the Dublin office. Hung expressed confidence in Prendergast’s ability to lead the Emea business, citing her extensive industry knowledge, client focus, regulatory experience, and leadership skills.
With Prendergast taking on the Emea role, State Street Global Advisors now has two women in top leadership positions within its fund management business. Yie-Hsin Hung took over as president and chief executive in September 2022, replacing Cyrus Taraporevala. This move demonstrates the company’s commitment to diversity and women in leadership roles within the organization.