Yahoo Finance Governance chief continues Standard Life Aberdeen exodus
A senior City executive tasked with holding UK boardrooms to account is the latest person to leave Standard Life Aberdeen following its £11bn merger last summer.
Paul Lee, head of corporate governance for Standard Life Aberdeen’s funds arm, will stand down next month after more than three years in the role.
His decision is linked with the tie-up and he does not have another role lined up, a source said. Mr Lee has been responsible for the so-called stewardship activities of the group since 2015, engaging with the boards of companies that the asset manager has holdings in and leaving at a time when environmental, social and governance (ESG) issues have ratcheted up the agenda for British firms.
His move follows a number of exits since the merger was announced. The most notable was Standard Life’s head of equities, David Cumming, and the most recent include a team of six equity fund managers.
Mr Lee’s responsibilities will be shared among the ESG team, headed by Euan Stirling.
