Paul Lee

CMAC member

Group:

Capital Markets Advisory Committee

Title:

CMAC member

Biography:

Mr Paul Lee is Head of Corporate Governance at Aberdeen Asset Management and responsible for co-ordinating the firm’s stewardship activities—dialogue and engagement at board level.

He was previously Head of Investment Affairs at the National Association of Pension Funds, combining leadership of the NAPF’s work on corporate governance and stewardship with leading the organisation’s approach to policy issues in relation to investment matters. Prior to that, Paul spent more than a dozen years at Hermes, the fund manager owned by the BT Pension Scheme, and throughout that time carried out governance and stewardship activities. In later years he also had a more general policy role, ensuring that pension schemes have a voice in the key public policy debates around investment. During his time at Hermes, Paul was also seconded into the BT Pension Scheme half-time for a year to help further the scheme’s approach to long-term investment and to assist on its approach to key policy issues.

He is a lawyer by training and spent nearly a decade as a journalist before joining the investment industry. Among various industry and regulatory roles, Paul is a public member of Network Rail and a member of the Financial Stability Board-fostered Enhanced Disclosure Task Force on bank risk reporting. He is a founding participant in the Corporate Reporting Users’ Forum and a co-chair of the Financial Reporting and Analysis Committee of the CFA Society of the UK. He was for several years a member of the Audit and Assurance Council (the audit regulatory arm of the UK’s Financial Reporting Council, formerly known as the Auditing Practices Board).

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