Based in Northern Trust’s Amsterdam office, Prummel will be responsible for business development, sales and client activities for the asset servicing business.
Pummel will work closely with the company’s local asset management team.
Prior to Northern Trust, he served at BlackRock, where he was COO for the Netherlands, the Nordics and the Isle of Man.
In his new role, Prummel will replace Wim van Ooijen, who is set to lead Northern Trust’s Swiss business activities, as well as the firm’s German office.
David Wicks, head of continental Europe at Northern Trust, said: “The Netherlands continues to be a key market for Northern Trust and Herman Prummel’s deep regional market experience will ensure we continue to meet the unique needs of our Dutch clients.”