Ortec Finance Co-Founder Boender Dies

Guus Boender set up the consultancy in 1981 and led it to become one of the leaders in asset-liability management.

Ortec Finance co-founder Guus Boender has died aged 59 after a battle with cancer.

Boender helped establish the company in the 1980s before leading a management buyout from parent group Ortec in 2007. He was diagnosed with cancer in December 2013.

In a statement on Ortec Finance’s website, posted yesterday, CEO Ton van Welie said “a good, intelligent, and above all wonderful social person is no longer among us”.

Van Welie said: “Guus has kept on working as much as possible and we even saw him return to his beloved Ortec Finance for a few hours per week at the start of this summer. Despite his illness, he acted as we all expected, full of enthusiastic plans and ideas. In August these plans were brutally halted as the disease took a turn for the worse, with further treatment being ineffective.”

Under Boender’s leadership, Ortec Finance established itself as one of the most innovative consultancy firms in Europe, most notably working on asset-liability management strategies with the CERN Pension Fund, the Ontario Municipal Employees Retirement System, and PUBLICA, Switzerland’s largest pension provider.

Boender was also a professor at the Vrije Universiteit in Amsterdam, in its Faculty of Economics and Business Administration.

Sinikka Demaré, CEO of the company’s Swiss office, featured in CIO’s Knowledge Brokers in 2012 and 2013.