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Karl Guha, Chairman, said: "Kempen Capital Management is looking to grow further as an international asset manager creating long-term value for its clients. Her knowledge, experience and background make Leni the ideal person to step into this post. Her sheer drive and can-do mindset are an excellent fit with Kempen's corporate culture. I'm confident she'll make a major contribution to the development of our client offering, the execution of our strategy and the achievement of our goals."

Leni Boeren added: "Kempen has an excellent track record as a professional services firm and institutional asset manager. It's a great privilege to be leading this team of dedicated and passionate professionals, which has made such massive progress under Paul's inspiring leadership. I look forward to building on these strong foundations in close collaboration with the people at Kempen."

Having started her career at Paribas, Leni Boeren (1963) went on to hold several positions at Rabobank. Between 1992 and 1997 she was Head of Marketing and Product Management at international asset manager Robeco. She then joined the board of Amsterdam Exchanges, where she was appointed to the Executive Committee of the Euronext stock exchange in 2000, following the merger of a group of European stock markets.

She returned to Robeco Group, where she served as a member and later as the chair of the management board between 2005 and end-2016. She also served as the chair and CEO of Robeco Institutional Asset Management between 2014 and end-2016, and as a member and chair of the Dutch Fund & Asset Management Association (DUFAS) from 2009 until the end of 2016. Her supervisory directorships include Air France-KLM and Tata Steel in the Netherlands.