Michael Taggart
About Michael Taggart
Michael Taggart (Year of Birth: 1970) is a Vice President of abrdn Global Infrastructure Income Fund (ASGI), serving as an officer of the Fund since 2024. He is employed by abrdn Inc. (Closed-End Fund Specialist since 2023) and, like all Fund officers, is compensated by the adviser rather than the Fund; the proxy specifies that the Fund does not pay executive officers and that officers are adviser employees . As of April 1, 2025, trustees and officers of the Fund, in aggregate, owned less than 1% of ASGI’s outstanding equity; individual officer holdings (including Taggart’s) are not disclosed in the proxy .
Past Roles
| Organization | Role | Years | Strategic impact / responsibilities |
|---|---|---|---|
| abrdn Inc. | Closed-End Fund Specialist | 2023–present | Closed-end fund specialist supporting abrdn’s U.S. fund complex |
| Relative Value Partners, LLC | Vice President of Investment Research and Operations | Jun 2022–2023 | Led investment research and operations for CEF strategies |
| Self-employed | Independent | Nov 2020–Jun 2022 | Independent work following departure from Nuveen |
| Nuveen | Vice President, Closed-End Fund Product Strategy | Nov 2013–Nov 2020 | Product strategy leadership for closed-end funds |
External Roles
No public company directorships or board committee roles for Taggart are disclosed in ASGI’s proxy. Officers may hold officer roles across other funds in the abrdn fund complex, but board roles are not indicated for Taggart .
Fixed Compensation
| Item | Disclosure |
|---|---|
| Employer of record | Officers (including Taggart) are employees of abrdn Inc. or affiliates; they are not Fund employees |
| Fund-paid officer compensation (FY 2024) | None. “None of the Fund’s executive officers received any compensation from the Fund” (the proxy identifies the CEO and CFO as executive officers); all officers are compensated by the adviser |
| Officer term mechanics | Officers are elected annually and serve until a successor is elected and qualifies |
Implication: Taggart’s cash/equity pay mix, bonus targets, and incentive metrics are set by abrdn Inc., not disclosed at the Fund level .
Performance Compensation
Not disclosed at the Fund level. The proxy does not provide base salary, bonus targets, PSU/RSU or option award details, performance metrics, or vesting schedules for Fund officers; compensation is determined and paid by abrdn Inc. .
Equity Ownership & Alignment
| Item | Disclosure (as of dates noted) |
|---|---|
| Individual officer ownership | Not itemized in proxy; only trustee-level ranges are shown. CEO (Goodson) range disclosed; CFO (Ferrari) held no shares as of April 1, 2025; Taggart’s individual holdings are not disclosed |
| Aggregate trustees and officers ownership | Less than 1% of outstanding equity as of April 1, 2025 |
| Pledging/hedging | Not disclosed in the proxy |
| Section 16 compliance | Officers and trustees timely filed required reports for the fiscal period ended Sep 30, 2024, based on the Fund’s review and representations |
Alignment takeaway: With no Fund-paid compensation and no disclosed officer-level holdings, direct pay-for-performance alignment at the ASGI entity level appears limited; alignment (if any) would flow through abrdn Inc.’s internal incentive design, which is not disclosed in the Fund proxy .
Employment Terms
| Term | Details |
|---|---|
| Title/role | Vice President (officer of the Fund) |
| Start in current Fund officer role | Since 2024 |
| Employer | abrdn Inc. (Closed-End Fund Specialist since 2023) |
| Term mechanics | Officers elected annually; serve until a successor is elected and qualifies |
| Executive officer designation | The proxy explicitly identifies CEO (Goodson) and CFO (Ferrari) as executive officers; Taggart is listed as Vice President (officer) |
| Severance, change-in-control, non-compete, clawbacks, tax gross-ups | Not disclosed in ASGI’s proxy |
Investment Implications
- Pay-for-performance alignment at the Fund level is inherently constrained: officers are employed and paid by abrdn Inc., with no Fund-paid executive compensation and no disclosed incentive metrics in the proxy; any performance linkage depends on abrdn’s internal incentive design (not disclosed) .
- Direct ownership alignment signals are limited in the proxy: individual officer holdings are not reported; aggregate trustees/officers own less than 1% of shares, and CFO held no shares as of April 1, 2025, suggesting minimal insider ownership at the Fund level .
- Retention and turnover risk for Taggart are linked to abrdn Inc. employment terms and internal policies, not ASGI-specific contracts; the proxy provides no severance, non-compete, or change-of-control terms for officers, reducing visibility on retention economics .
- Trading-signal read-through: the proxy reports timely Section 16 compliance and contains no officer-level selling disclosures for Taggart, offering no evidence of current insider selling pressure; absence of disclosed holdings also limits inference on future selling overhang .
Notes on data coverage: Taggart’s background (current role at abrdn, prior roles at Relative Value Partners and Nuveen, dates) and officer status are disclosed in the 2025 proxy; compensation and ownership specifics are not itemized for officers at the Fund level .