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Many Standard Life Aberdeen shareholders oppose CFO pay

More than 40% of Standard Life Aberdeen PLC's shareholders opposed the British asset manager's pay report over concerns about the compensation of incoming CFO Stephanie Bruce, Reuters reported.

The company said it was aware of the issue, and that it has applied performance conditions to Bruce's pay package.

Bruce, who will replace Bill Rattray as CFO, has been a partner at PwC since 2002 and a member of its assurance executive since 2016. She will join Standard Life Aberdeen effective June 1.

Bruce was hired on a base salary of £525,000 compared with Rattray's base salary of £450,000, Reuters noted.