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NAPF investment chief quits to join Aberdeen Asset Management

Paul Lee has been appointed head of corporate governance at Aberdeen Asset Management. Lee was previously head of investment affairs at the National Association of Pension Funds (NAPF), reports sister publication Professional Pensions.

He also spent more than a dozen years at Hermes, the fund manager owned by the BT Pension Scheme.

Throughout that time he carried out governance and stewardship activities – calling to account the boards of companies in which pension scheme clients were invested.

Among various industry and regulatory roles, Lee is a member of the Capital Markets Advisory Committee of the International Accounting Standards Board, a public member of Network Rail and a member of the Financial Stability Board-fostered Enhanced Disclosure Task Force on bank risk reporting.

Commenting on the appointment Aberdeen Asset Management chief investment officer Anne Richards said: “Corporate governance lies at the heart of our approach to investing. We meet with the management and directors of companies on a regular basis and our discussions cover a wide range of topics, including strategic, operational and governance issues. Paul’s appointment strengthens further our focus on long-term decision making and stewardship.”

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