Fidelity International has named Hugh Prendergast to a newly created position of global head of product.

Prendergast will take up the new role on 19 February 2018. He will head the firm’s product teams across the globe and will be responsible for developing the company’s global product strategy.

He will report to the firm’s global head of asset management, Bart Grenier.

Prendergast is joining from Pioneer Investments, where he spent 16 years. At Pioneer, he most recently served as the head of strategic product and marketing, responsible for Europe, Latin America, US offshore and Asia.

“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,” Grenier stated.