Omar Tariq
About Omar Tariq
Omar Tariq serves as Chief Executive Officer and President of Credit Suisse Asset Management Income Fund, Inc. (NYSE American: CIK). He has held this role since 2024 and was born in 1983. His background includes Executive Director at UBS Asset Management (Americas) since May 2024, Director at Credit Suisse from March 2019 to May 2024, Chief Financial Officer and Treasurer of the Credit Suisse Funds from 2019 to 2024, and Senior Manager at PricewaterhouseCoopers from 2010 to 2019 . Officers of the Fund are compensated by the adviser (UBS AM (Americas) as of 2025; previously Credit Suisse) and not by the Fund itself .
Past Roles
| Organization | Role | Years | Source |
|---|---|---|---|
| UBS Asset Management (Americas) LLC | Executive Director | Since May 2024 | |
| Credit Suisse | Director | Mar 2019 – May 2024 | |
| Credit Suisse Funds (Fund Complex) | Chief Financial Officer and Treasurer | 2019 – 2024 | |
| PricewaterhouseCoopers, LLP | Senior Manager | 2010 – 2019 |
External Roles
| Organization | Role | Years | Strategic Impact/Notes | Source |
|---|---|---|---|---|
| Not disclosed in CIK proxy | — | — | No external public company directorships disclosed for this officer in CIK’s DEF 14A |
Fixed Compensation
| Component | Amount/Terms | Notes | Source |
|---|---|---|---|
| Base Salary (Fund) | $0 | All officers are employees of and compensated by UBS AM (Americas) (2025). None of the Fund’s executive officers who are also officers/directors of UBS AM (Americas) received any compensation from the Fund. The Fund has no bonus, profit sharing, pension or retirement plans. | |
| Base Salary (Fund) – prior year context | $0 | In 2024 proxy, officers were employees of and compensated by Credit Suisse (pre-UBS migration); none received compensation from the Fund; no bonus/profit sharing/pension plans. |
Performance Compensation
| Plan/Metric | Weighting | Target | Actual | Payout | Vesting | Source |
|---|---|---|---|---|---|---|
| Fund-level STI/LTI plans (officer) | — | — | — | — | — | No fund-level executive incentive plans disclosed; officers compensated by adviser, not by the Fund. |
The Fund does not have a Compensation Committee; board-independent director compensation is disclosed, but not officer pay (since officers are paid by the adviser) .
Equity Ownership & Alignment
| Item | Detail | Source |
|---|---|---|
| Officer/Director aggregate ownership | Directors and officers, in the aggregate, own less than 1% of CIK’s outstanding equity securities (as of Feb 28, 2025). Individual officer holdings were not itemized in the proxy; the holdings table covers Directors and nominees. | |
| Omar Tariq individual holdings | Not disclosed in proxy (officer holdings not tabulated). | |
| Shares outstanding (record date) | 54,812,003 Shares outstanding as of Mar 13, 2025. | |
| 5% beneficial owner | First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation beneficially owned 12,173,294 shares (22.21% of common stock) per Schedule 13G/A. | |
| Pledging/Hedging | No pledging or hedging disclosures for officers in the proxy. | |
| Ownership guidelines | Not disclosed for officers in the proxy. |
Employment Terms
| Term | Detail | Source |
|---|---|---|
| Employment start in current role | Chief Executive Officer and President since 2024. | |
| Employer of record | UBS Asset Management (Americas) LLC compensates officers; they are not compensated by the Fund. | |
| Employment agreement | Not disclosed by the Fund (officer is an employee of the adviser). | |
| Severance / Change-of-control | Not disclosed by the Fund. | |
| Non-compete / Non-solicit | Not disclosed by the Fund. | |
| Clawback | No fund-level officer clawback policy disclosed in the proxy. | |
| Code of Ethics | A Code of Ethics is listed among exhibits in the Fund’s registration statement (Form N-2). |
Investment Implications
- Pay-for-performance transparency at Fund level is minimal: Omar’s compensation is set and paid by UBS AM (Americas), with no Fund-level base/bonus/equity disclosed. This limits direct visibility into his incentive metrics (TSR, NAV performance, distribution stability) from Fund filings, and weakens a clean “pay-for-performance” link at the public fund level .
- Ownership alignment at the Fund level appears limited: officers and directors collectively own less than 1% of outstanding shares; the proxy does not disclose officer-level holdings or any pledging/hedging by officers. This signals low direct “skin-in-the-game” visibility and limited data to infer insider selling pressure for this executive .
- Retention and change-in-control economics are governed by UBS AM (Americas) employment arrangements, not Fund-level agreements. With no Fund-disclosed severance, vesting acceleration, or non-compete terms, retention risk must be assessed via UBS AM policies rather than CIK filings .
- Governance considerations: The Fund lacks a Compensation Committee (typical for closed-end funds with adviser-paid officers). Board compensation and oversight are disclosed, but officer incentives and clawback provisions are not, which reduces transparency into management confidence or potential red flags like option repricings or discretionary bonuses at the Fund level .
- Shareholder influence: A concentrated holder (First Trust group at 22.21%) may influence governance outcomes, but this pertains to board elections and broader Fund strategy rather than officer compensation levers. It can nonetheless affect stability and strategic direction that indirectly shape the executive’s mandate and expectations .
Data constraints: No Section 16 Forms 3/4/5 or officer-specific equity grant/vesting schedules were found within the reviewed CIK documents; proxies confirm officers are not compensated by the Fund and thus provide no Fund-level salary/bonus/equity detail for Omar Tariq .