For immediate release: 23 May 2024

Three new directors have been appointed to the Investment Association (IA) Board of Directors, which oversees the IA’s activity and is made up of senior leaders from across the industry.

Joining the Board are: 

  • Mark FitzPatrick, Chief Executive Officer, St James’s Place 
  • John McCareins, Head of Northern Trust Asset Management, International
  • Ann Prendergast, Head of EMEA, State Street Global Advisor

The new Directors are replacing Alexandra Altinger, Stephen Cohen and Nicolas Moreau.

Patrick Thomson, Chair of the IA Board, said: “It is a pleasure to welcome Ann, John and Mark to the IA’s Board. Between them they have a wealth of international industry experience and expertise that will be invaluable to the IA and its members. The Board looks forward to working with our new appointees to promote and advocate for investment management. I would also like to share my immense gratitude to outgoing members Alexandra, Stephen and Nicolas for the involvement and dedication to the IA Board.”

The changes to the Board of Directors will take effect immediately.

Notes to Editors:

Appointments to the IA board are usually for three-year terms. Board members may seek re-election after their term is complete. 

Mark FitzPatrick

Mark is Chief Executive Officer of St James Place. He started his career with Deloitte in Cape Town, becoming a partner in 1997. He remained with Deloitte for 25 years building his industry focus in financial services in the UK, Europe, and South Africa. Mark became group chief financial officer at Prudential plc in July 2017, before his role was broadened to include chief operating officer responsibilities for communications, legal, company secretarial and government relations functions. He was appointed interim chief executive officer of Prudential plc in April 2022, standing down on 24 February 2023. Mark is on the boards of the British Heart Foundation and the Scottish Mortgage Investment Trust and chairs their Audit and Risk Committees.


John McCareins

John McCareins, CAIA, CIMA, is head of international and leads Northern Trust Asset Management's business in Europe, the Middle East, and Africa (EMEA) and across the Asia Pacific (APAC). John serves on the Asset Management Executive Group with oversight of regional and country strategies, daily operations, regulatory affairs, relationships with other businesses, and the development of local capabilities tailored to the regional clientele. John previously was the head of asset management for the APAC region, based in Hong Kong. Prior to that role, he served as the outsourced chief investment officer practice focused on retirement assets within Northern Trust's multi-manager solutions group, in Chicago. John has an MBA from Dartmouth College and a bachelor's degree in psychology from Northwestern University. John is a CAIA® charterholder and has attained the Certified Investment Management Analyst (CIMA) designation. He is also an Accredited Asset Management Specialist designee and a Certified Treasury Professional designee.


Ann Prendergast

Ann Prendergast is executive vice president and head of the Europe, Middle East and Africa (EMEA) region for State Street Global Advisors, the investment management arm of State Street. She is a member of the State Street Global Advisors Operating Group and chairs the EMEA Executive Committee. Ann has responsibility for spearheading the firm’s growth aspirations in EMEA and providing oversight for our broader activities in the region. She brings deep knowledge and understanding of our business to her role, having spent more than two decades of her career with State Street Global Advisors.

Previously, Ann was chief executive officer of State Street Global Advisors Europe Ltd, the entity with responsibility for State Street Global Advisors European Union businesses. Earlier, she led the sales and marketing team for the Irish market, having joined the organization in 2000.

Prior to joining us, Ann worked for the Bank of Ireland Group in both their fund administration and private banking divisions. Ann holds a degrees in business studies from the University of Limerick, is a member of the Association of Chartered Certified Accountants (ACCA) and is a Certified Investment Fund Director (CIFD).


For further information, please contact: 

Helen Ayres, Head of Communications: [email protected]

T: +44 (0)20 7269 4620

Ellen Hodgetts, Communications Manager: [email protected]

T: +44 7548841289

Ismail Abdi, Communications Executive: [email protected]

T: +44 7596 872575

IA Press Office: [email protected]

About the Investment Association (IA):

  • The IA champions UK investment management, supporting British savers, investors and businesses. Our 250 members manage £8.8 trillion of assets and the investment management industry supports 126,400 jobs across the UK.
  • Our mission is to make investment better. Better for clients, so they achieve their financial goals. Better for companies, so they get the capital they need to grow. And better for the economy, so everyone prospers.
  • Our purpose is to ensure investment managers are in the best possible position to:
    • Build people’s resilience to financial adversity
    • Help people achieve their financial aspirations
    • Enable people to maintain a decent standard of living as they grow older
    • Contribute to economic growth through the efficient allocation of capital.
  • The money our members manage is in a wide variety of investment vehicles including authorised investment funds, pension funds and stocks and shares ISAs.
  • The UK is the second largest investment management centre in the world, after the US and manages 37% of all assets managed in Europe.