Northern Trust Names New Leader for the Netherlands

Following the announcement that Northern Trust (Nasdaq: NTRS) would expand its continental Europe offering, it has hired Herman Prummel as country head, the Netherlands.

Prummel succeeds Wim van Ooijen who was recently appointed to lead Northern Trust’s business activities in Switzerland in addition to his existing role as head of Northern Trust’s German office.

Based in Amsterdam, Prummel is responsible for business development, sales and client activities for Northern Trust’s asset servicing business and will also work closely with the company’s local asset management team.

Prummel joins Northern Trust from BlackRock where he was chief operating officer for the Netherlands, Nordics and Isle of Man regions.

“We are delighted to appoint Herman to lead our Dutch asset servicing business,” said David Wicks, head of Continental Europe, Northern Trust (subject to regulatory approval). “The Netherlands continue to be a key market for Northern Trust and Herman’s deep regional market experience will ensure we continue to meet the unique needs of our Dutch clients.”

Northern Trust first opened an office in the Netherlands in March 2006, after servicing clients across the country since 1985.