Sharon Ferrari
About Sharon Ferrari
Sharon Ferrari (Year of Birth: 1977) is the Treasurer and Chief Financial Officer of abrdn Global Infrastructure Income Fund (ASGI), serving as Treasurer and CFO since 2023 and as a Fund Officer since 2020. She is currently Director—Product Management for abrdn Inc., having joined abrdn in 2008 as a Senior Fund Administrator . ASGI’s proxy statements disclose that fund officers (including Ferrari) are employees of the adviser and receive no compensation from the Fund . As of October 31, 2023, Ferrari did not own shares of ASGI .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| abrdn Global Infrastructure Income Fund (ASGI) | Treasurer and Chief Financial Officer | Since 2023 | Senior fund officer overseeing financial reporting and treasury for the Fund |
| abrdn Global Infrastructure Income Fund (ASGI) | Fund Officer | Since 2020 | Part of officer team supporting governance and operations of the Fund |
| abrdn Inc. | Director—Product Management | At least past five years (current) | Product management for abrdn’s U.S. registered/unregistered investment companies |
| abrdn Inc. | Senior Fund Administrator | Joined 2008 | Operations/administration foundation enabling later leadership in product management |
External Roles
No external directorships or outside public company roles for Ferrari are disclosed in ASGI’s 2024 and 2025 proxy statements .
Fixed Compensation
ASGI discloses that officers are compensated by the Investment Adviser (abrdn Inc. or affiliates) and not by the Fund.
| Component | FY Reference | Amount/Terms | Notes |
|---|---|---|---|
| Base salary (from Fund) | FY ended Sep 30, 2024 | $0 | Officers receive no compensation from the Fund; compensated by adviser |
| Target bonus (from Fund) | FY ended Sep 30, 2024 | Not disclosed | Determined by adviser; not reported in Fund proxy |
| Actual bonus (from Fund) | FY ended Sep 30, 2024 | Not disclosed | Determined by adviser; not reported in Fund proxy |
| Perquisites/pension/SERP (from Fund) | FY ended Sep 30, 2024 | Not disclosed | Fund has no bonus, profit sharing, pension or retirement plans for officers |
Implication: Pay-for-performance detail (KPIs, bonus curves, equity mix) is not available at the fund level because Ferrari is an adviser employee; investors must rely on adviser-level disclosures for specifics .
Performance Compensation
ASGI provides no disclosure on officer incentive metrics or equity awards because officers are adviser employees.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed (adviser-determined) | — | — | — | — | — |
Equity Ownership & Alignment
| Date | Beneficial Ownership in ASGI | % of Shares Outstanding | Vested vs. Unvested | Options/RSUs | Pledged Shares |
|---|---|---|---|---|---|
| Oct 31, 2023 | No shares owned | <1% aggregate for all trustees/officers; Ferrari specifically: none | Not applicable | Not disclosed | Not disclosed |
Sources: Ferrari did not own ASGI shares as of Oct 31, 2023; aggregate trustee/officer ownership <1% .
Alignment view: Lack of fund share ownership as of the last disclosed date suggests limited direct alignment via ASGI equity; no pledging disclosures were provided .
Employment Terms
| Term | Disclosure |
|---|---|
| Officer election/tenure mechanics | Officers hold their positions until a successor is duly elected and qualifies; officers are elected annually at a Board meeting |
| Role start dates | Fund Officer since 2020; Treasurer and CFO since 2023 |
| Employer | abrdn Inc. (adviser); Ferrari is currently Director—Product Management |
| Compensation agreements, severance, change-of-control | Not disclosed by the Fund; officers are adviser employees |
| Clawbacks, ownership guidelines, hedging/pledging policy (officers) | Not disclosed for officers; trustee-level ownership ranges disclosed separately |
| Section 16 compliance | For FY ended Sep 30, 2024, the Fund states all required Section 16(a) reports were timely filed based on its review |
Governance Context (Board and Committees)
- Board has Audit and Nominating & Corporate Governance Committees; super-majority independent; independent Chair; independent legal counsel; regular executive sessions .
- No compensation committee is identified; trustee compensation is disclosed, but officers receive no compensation from the Fund .
Investment Implications
- Pay-for-performance transparency is limited for Ferrari at the fund level because all officer compensation is paid by the adviser and not disclosed in the Fund proxy; this reduces visibility into her incentive KPIs, equity mix, vesting schedules, and severance/CIC economics .
- Alignment: Ferrari owned no ASGI shares as of Oct 31, 2023; combined with lack of officer-level ownership policies in disclosures, direct equity alignment to ASGI appears limited at the last disclosed date .
- Retention risk: Long tenure at abrdn (since 2008) and continued elevation to Treasurer/CFO in 2023 suggest continuity; absence of disclosed severance/CIC terms at the fund level shifts retention assessment to adviser-level policies not provided here .
- Trading/insider pressure: Fund states Section 16 reports were timely filed; Ferrari had no fund share ownership as of 10/31/2023, implying minimal near-term selling pressure from vested holdings at that time .
Sources: officer biographies/tenure and roles ; officer compensation framework and Section 16 statements ; ownership disclosures ; officer election mechanics and committee structure .