Fidelity Adds State Street Backing in Active ETF Race
Fidelity International appointed Elisa Prezzavento as director of ETF product strategy and development in London, hiring her from State Street. Europe-domiciled active ETF assets rose to €85.6 billion by March 31, just 3.1% of the region’s ETF market, according to Morningstar. Fidelity manages $11.3 billion in active ETF assets, ranking second in Europe.