Paul Lee


Paul Lee is working as an independent consultant on ESG and stewardship. Among his current and recent projects are: advising a major UK asset owner on its approach to ESG, working with the CIO of a leading fund manager on delivering ESG investment in practice, and delivering detailed ESG analyses and recommended changes for major international companies. He was until recently the Head of Corporate Governance at Aberdeen Asset Management, where he was responsible globally for setting best practice and for stewardship activities – engagement and dialogue with the boards of companies in which the firm invests. Paul joined Aberdeen at the start of 2015 from the UK’s National Association of Pension Funds (NAPF) where he was Head of Investment Affairs, leading the association’s work on all investment matters relevant to pension schemes. Previously, Paul worked for more than a dozen years at Hermes Fund Managers, including helping to create and build its Equity Ownership Services unit, a stewardship business representing many of the world’s leading asset owners in dialogue with companies and with policy-makers and regulators. During this time he also spent a year seconded part-time to the BT Pension Scheme, the UK’s largest, helping frame the scheme’s approach to long-term investment and various policy developments.

Alongside these executive positions Paul has held a number of non-executive roles, including being a member of the Auditing Practices Board (and then the Audit & Assurance Council of the FRC), a director of Hermes EOS’s Australian joint venture Regnan, an NED at the Quoted Companies Alliance, an advisory board member at South Africa’s Frater Asset Management (now Element Investment Management), and a public member of Network Rail. He was a member of the Enhanced Disclosure Task Force (fostered by the Financial Stability Board), of the engagement working group of the Investor Advisory Group at the Sustainability Accounting Standards Board (SASB), and remains a member of the Capital Markets Advisory Committee of the International Accounting Standards Board.