Eric Veldpaus RA (1963) is the founder and director of the independent Institutional
Benchmarking Institute (IBI). Through IBI he focuses on benchmarking, implementation costs
and cost transparency within the pension and asset management sector. At the request of
pension funds, he developed the independent IBI Benchmarking together with Nyenrode
Business University and six pension funds.
For a number of years he was involved in the Executive Pension Programme of Nyenrode
Business University.
He has been involved in international assignments for various supervisory authorities in
the field of cost transparency. He was a member of the (now discontinued) EIOPA expert
group on costs and past performance. The Recommendations on Implementation Costs have
since become the example for Europe and formed the basis for EIOPA's European guidelines.
He was also a member of the International Transparency Task Force, an international
network of professionals dedicated to increasing transparency on costs within the
financial and pension sector.
His international experience with benchmarking also goes back to his time at ABP. On
behalf of ABP he was a member of the Global Advisory Committee of CEM Benchmarking, the
Canadian benchmarking institute in the field of cost efficiency management. This
international advisory body brought together representatives of the largest pension funds
worldwide. In this role he helped represent the Dutch pension fund landscape and
contributed Dutch experience with costs, efficiency and benchmarking.
An important part of his expertise is the development of the sector-wide approach to
implementation costs. As a member of the committee on reporting and implementation costs,
he made a significant contribution — together with Anne Laning — to the first three
editions of the Recommendations on Implementation Costs of the Dutch Pensioenfederatie.
Career
Before founding IBI, he worked for eleven years at the pension fund ABP, later APG,
successively as manager Business Control and Business Strategist. As manager Business
Control he was responsible for, among other things, the financial reporting of ABP Asset
Management, including the annual accounts and reports to supervisory authorities.
In his role at APG Asset Management he was periodically involved in the financial
reporting of the international offices. He visited and reported on the financial
statements of the offices in the Netherlands, Hong Kong and New York.
He was also closely involved, in financial terms, in the separation of ABP and the
formation of APG as an independent pension administration organisation. In that context he
was involved in the financial structuring and pricing of the products and investment funds
offered by APG to external parties. He also played an important financial role in the
merger of Cordares and APG.
Before ABP he worked for six years at Robeco as manager Back Office. In this role he was
responsible for, among other things, annual accounts, client reporting, reports to
supervisory authorities and the daily calculation of the net asset value of the investment
funds as the basis for the opening price.
He began his career in 1984 at PwC, where PFZW was one of his main clients. Veldpaus is a
chartered accountant (registeraccountant) and completed various executive programmes at
IMD in Lausanne, INSEAD in Paris and the Kellogg School of Management in Chicago.
