Standard Life Investments


The Directors, all of whom are non-executive and are independent of the Investment Manager, are responsible for the determination of the investment policy of the Group and overall supervision of the Company.

Andrew Wilson

Andrew Wilson


Andrew Wilson is a resident of the UK. He was formerly of Richard Ellis, Royal Insurance as Chief Surveyor and he joined Rugby Securities as a director in 1987. He was a founder director of Rugby Estates plc in 1990 and Chief Executive Officer through its official listing, move to the Alternative Investment Market and subsequent de-listing and sale. He is also a non-executive Chair of a London based Family Office and, until June 2018, a major West End office agency. He was previously a non-executive Director of a Building Society. He is a Chartered Surveyor and was until his appointment as Chair, the Senior Independent Director and Chair of the Property Valuation Committee of the Company.

Ken McCullagh

Ken McCullagh

Ken McCullagh is a resident of Ireland. Since 2000 he has been Chief Executive Officer of LNC Property Group, a private real estate investment company which held and managed €500 million of assets. Previously he worked as a Director and Partner of Corporate Finance for Farrell Grant Sparks, Chartered Accountants and was also a Financial Controller of Gunne Estate Agents (now CBRE) in Dublin. He is a Fellow of the Institute of Chartered Accountants of Ireland. Mr McCullagh was appointed to the Board in February 2013 and is the Senior Independent Director and Chair of the Audit Committee.

Sandra Platts

Sandra Platts

Sandra Platts is a resident of Guernsey and is a non-executive director of Investec Bank (C.I.) Ltd and Starwood European Finance Partners Ltd. Sandra was Managing Director of Kleinwort Benson in Guernsey and Chief Operating Officer for Kleinwort Benson Private Banking Group (UK and Channel Islands). She also held directorships of the Kleinwort Benson Trust Company and Operating Boards, retiring from Kleinwort Benson boards in 2010. Sandra holds a Masters in Business Administration and The Certificate in Company Direction from the Institute of Directors. Mrs Platts was appointed to the Board in December 2013 and is Chair of the Management Engagement Committee.

Michael Ayre

Michael Ayre

Michael Ayre is a resident of Guernsey. He is currently a consultant to the Guernsey taxation and private client business of Intertrust Group, Intertrust Reads Private Clients Limited. Mr Ayre is also currently a Director of ABN Amro (Guernsey) Limited and Brooks MacDonald Investment Funds plc which is listed in Ireland. Mr Ayre is member of the Chartered Association of Certified Accountants and is also a member of the Chartered Institute of Taxation. Mr Ayre was appointed to the Board in February 2016 and is Chair of the Property Valuation Committee.

Margaret Littlejohns

Margaret Littlejohns

Margaret Littlejohns is a resident of the UK. Ms Littlejohns has 18 years' experience with Citigroup in investment and commercial banking, with specific expertise in risk management (both market and credit risk). Following an MBA at imperial college in 2001, she worked as a freelance business and strategy consultant in the commercial, charitable and academic sectors. In 2004 she was co-founder and shareholder of the Space Place Self storage Ltd, successfully managing the business before selling onto a regional self-storage chain in 2016. She is also a Non-Executive Director of JP Morgan Mid Cap Investment Trust plc and Foresight VCT plc as well as being Chair of Henderson High Income Trust plc. Ms Littlejohns was appointed to the Board on 1 January 2018 and is Chair of the Risk Committee.

Robert Fowlds

Robert Fowlds

Robert Fowlds is a resident of the UK. Mr Fowlds is a Charted Surveyor and has worked in the listed real estate sector for over 30 years. He worked as a Real Estate equity analyst for a number of major investment banks including Merrill Lynch and Kleinwort Benson before joining JP Morgan Cazenove in 2006 where he subsequently became Managing Director and Head of Real Estate Investment Banking. In his time at JP Morgan Cazenove he was involved in over 50 corporate finance transactions and doubled the size of the JP Morgan Cazenove UK listed real estate franchise before retiring in 2015. Since retirement, Mr Fowlds has been engaged on a number of consultancy roles to leading real estate organisations. He also sat on the Board of EPRA until 2012. Mr Fowlds was appointed to the Board on 1 April 2018.