“The Dutch regulator on equity trading has motivated all asset managers and broker dealers to adopt
more structured processes, and more internal controls and compliance, so the natural thing for our
company to do was align our work with the regulators,” Bendermacher says. “So Robeco developed a
budget for internal audit and changed reporting lines to the CEO and audit committee, and also put
together a budget for operational risk management and compliance. The entire framework for the
company was redefined.”