Chris LaVictoire Mahai
About Chris LaVictoire Mahai
Independent Trustee (Class II) of abrdn Global Infrastructure Income Fund (ASGI); Trustee since 2023, nominated for re‑election to a 3‑year term ending 2028. Year of birth: 1955. Background includes Founder/Owner/Managing Partner of Aveus LLC (1999–May 2018), then President of Aveus and EVP at Medecision, Inc. (May 2018–Dec 2021), with prior executive roles in financial services (first Bank System/U.S. Bank) and media (Star Tribune/Cowles Media) and two decades as an independent fund director, including audit and membership/governance committee chair assignments .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Aveus LLC | Founder, Owner, Managing Partner | 1999–May 2018 | Built and led strategic consultancy; sold to Medecision in 2018 |
| Medecision, Inc. (Aveus division) | President of Aveus; EVP | May 2018–Dec 2021 | Led post‑acquisition integration; executive leadership |
| Star Tribune/Cowles Media Company | Senior Vice President & General Manager | Not disclosed | Executive leadership in media operations |
| First Bank System (now U.S. Bank) | Executive roles | Not disclosed | Financial services leadership |
| Multiple investment funds | Independent fund director; Audit and Membership/Governance Chair | ~20 years | Governance leadership; committee chair experience |
External Roles
| Organization | Role | Status |
|---|---|---|
| — | — | None disclosed outside the Fund Complex |
Board Governance
- Independence: Classified as an Independent Trustee; not an “interested person” under the 1940 Act .
- Committee assignments: Member, Audit Committee (all Independent Trustees; Chair: John Sievwright) . Not a member of the Nominating & Corporate Governance Committee (members: Reit, Yao, Malone [Chair], Sievwright) .
- Board leadership: Independent Chair (P. Gerald Malone); executive sessions of Independent Trustees at least quarterly; independent legal counsel retained .
- Risk oversight: Board and committees oversee audit, valuation, compliance; Audit Committee met quarterly in FY2024 .
Meetings and Attendance
| Metric | FY 2023 | FY 2024 |
|---|---|---|
| Board meetings (regular) | 5 | 5 |
| Board meetings (special) | Not disclosed | 1 |
| Audit Committee meetings | 4 | 4 |
| Nominating Committee meetings | 1 | 1 |
| Attendance threshold met (≥75% of aggregate Board+Committee meetings) | Yes (all Trustees) | Yes (all Trustees) |
Fixed Compensation
| Component | FY 2023 | FY 2024 |
|---|---|---|
| Aggregate compensation from ASGI (cash) | $21,471 | $52,300 |
| Total compensation from Fund Complex | $21,471 | $52,300 |
| Bonus/profit sharing/pension/retirement plans | None (Fund states no such plans) | None (Fund states no such plans) |
Notes:
- Compensation is reported as aggregate amounts; the Fund discloses it does not have bonus, profit sharing, pension or retirement plans .
Performance Compensation
| Metric/Structure | FY 2023 | FY 2024 |
|---|---|---|
| Performance‑based bonus | Not disclosed; Fund states no bonus/profit sharing plans | Not disclosed; Fund states no bonus/profit sharing plans |
| Equity awards (RSUs/PSUs/Options) | Not disclosed | Not disclosed |
| Performance metrics (TSR, EBITDA, ESG) | Not disclosed | Not disclosed |
| Clawback provisions | Not disclosed | Not disclosed |
Other Directorships & Interlocks
| Company | Role | Committee Roles | Potential Interlock/Conflict |
|---|---|---|---|
| None disclosed outside Fund Complex | — | — | None disclosed |
Expertise & Qualifications
- Strategic and leadership consulting expertise across public/private clients globally; significant board governance experience including chair roles on audit and membership/governance committees .
- Industry experience in financial services and media; long‑tenured oversight of infrastructure‑strategy closed‑end funds (over 17 years experience cited) .
Equity Ownership
| Measure | As of Oct 31, 2023 | As of Apr 1, 2025 |
|---|---|---|
| Dollar range owned in ASGI | $10,001–$50,000 | $10,001–$50,000 |
| Aggregate dollar range in Aberdeen/abrdn family funds | $10,001–$50,000 | $10,001–$50,000 |
| Trustees & officers aggregate ownership of ASGI | <1% of outstanding shares | <1% of outstanding shares |
| ASGI shares outstanding (record date) | 25,206,605 | 28,944,192 |
Notes:
- The Fund reports aggregate insider ownership is less than 1%; individual share counts are not disclosed, only dollar ranges .
Related Party & Conflict Checks
- Independence affirmation: None of the Independent Trustees or immediate family members owned any shares of the Investment Adviser or Investment Sub‑Adviser or controlled affiliates, as of Apr 1, 2025 .
- Interested Trustee: In 2025, Alan Goodson is an “interested person” due to abrdn role; Mahai is independent .
- Auditor independence: KPMG selected; no direct or material indirect financial interest in the Fund; services pre‑approved by Audit Committee .
Insider Filings
| Item | FY 2023 | FY 2024 |
|---|---|---|
| Section 16(a) compliance | Late Form 3 filings for new Trustees including Chris LaVictoire Mahai due to EDGAR code delays; no transaction‑related issues | All officers/Trustees filed timely |
Governance Assessment
- Board effectiveness: Strong independence (7 of 8 Trustees independent), independent Chair, regular executive sessions, active committee structure, and routine self‑assessment suggest sound oversight practices .
- Committee engagement: Mahai serves on the Audit Committee in 2025 (did not appear on the 2024 Audit Committee roster), aligning with her prior audit chair experience; Audit met quarterly, indicating active financial oversight .
- Ownership alignment: Personal investment in ASGI within $10k–$50k range; aggregate insider ownership <1% limits potential entrenchment but provides modest alignment. Share counts not disclosed; guidelines not disclosed .
- Compensation structure: Cash retainer‑based; no bonus/profit sharing/pension plans; year‑over‑year increase from $21,471 (FY2023) to $52,300 (FY2024) reflects broader Fund Complex adjustments and/or committee workload, without performance‑based components disclosed .
- RED FLAGS:
- Late Form 3 upon appointment in 2023 (administrative delay, not transaction‑related) .
- Risk mitigants:
- Explicit independence from abrdn and affiliates; comprehensive Audit Committee oversight and pre‑approval of auditor services; no related‑party ownership links for Independent Trustees .