State Street Global Advisors has appointed Ann Prendergast as the new head of its business across Europe, the Middle East, and Africa. Prendergast takes over from Rory Tobin, who retired in June after nine years at the asset manager.

In her previous role, Prendergast oversaw portfolio management, distribution, product development, fund management, and operations across the EU. She was recognized as one of Financial News’s 100 most influential women in finance this year. With her new Emea role, State Street’s fund management business now has two women in top leadership positions.

State Street Global Advisors president and chief executive Yie-Hsin Hung expressed confidence in Prendergast’s abilities, citing her deep industry knowledge, strong client orientation, regulatory experience, and leadership strengths. This new appointment comes as State Street Global Advisors continues to make strides in the asset management industry.

Prendergast will lead a team of approximately 500 staff across Emea and will continue to be based in State Street’s Dublin office.