Prendergast will be in charge of coordinating Fidelity’s product teams around the world and be responsible for continuing to develop its global product strategy.
He will officially join the firm on 19 February and report to Bart Grenier, global head of asset management at Fidelity International.
Prendergast joins the fund group after 16-years at Pioneer Investments where he was most recently head of strategic product and marketing, covering Europe, Latin America, US offshore and Asia.
Commenting on the appointment, Grenier said: “The needs of our clients are becoming ever more complex and it is critical that we continue to innovate when it comes to products and solutions to meet these needs.
“Hugh will play a pivotal role in helping Fidelity continue to move forward in its ambition to offer the best investment solutions to attract and retain clients. We are delighted to welcome him to Fidelity International.”
