Alan Bowser
About Alan C. Bowser
Independent “noninterested” Trustee of Eaton Vance Enhanced Equity Income Fund (EOI), born 1962, serving since 2023 with a Class I term expiring in 2026. He brings 25+ years of financial services leadership, including senior roles at Bridgewater Associates (2011–2023), UBS Wealth Management Americas (2007–2010), and Citibank Private Bank (1999–2007), and has served on multiple non-profit and industry boards; recognized for diversity leadership (EMPower Ethnic Minority Executive Role Models 2020; Business Insider “Diversity Trailblazers” 2022) . The EOI Board is composed entirely of noninterested (independent) Trustees under the 1940 Act, and committees are comprised solely of noninterested Trustees .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Bridgewater Associates | Co-Head Americas; Chief Diversity Officer; Partner; Operating Committee member | 2011–2023 | Senior operating and diversity leadership; institutional client coverage |
| UBS Wealth Management Americas | Managing Director, Head of Investment Services | 2007–2010 | Led investment services for wealth management |
| Citibank Private Bank (Latin America Division) | Managing Director, Head of Client Solutions | 1999–2007 | Led client solutions for Latin America private banking |
External Roles
| Organization | Role | Tenure | Public Company? |
|---|---|---|---|
| Stout Risius Ross | Independent Director | Since 2021 | No (middle market advisory firm) |
| Black Hedge Fund Professionals Network | Founding Board Member; Board Chair | n/d | No |
| Robert Toigo Foundation | Board service | n/d | No |
| New York Urban League | Board service | n/d | No |
| University of Pennsylvania | Board service | n/d | No |
| Greater Miami Chamber of Commerce Task Force on Ethics | Vice Chairman | n/d | No |
Board Governance
| Attribute | FY 2023 | FY 2024 |
|---|---|---|
| Board meetings (count) | 9 | 8 |
| Audit Committee meetings | 9 | 10 |
| Contract Review Committee meetings | 7 | 5 |
| Governance Committee meetings | 4 | 4 |
| Portfolio Management Committee meetings | 9 | 7 |
| Compliance Reports & Regulatory Matters meetings | 9 | 8 |
| Closed-End/Ad Hoc Closed-End Committee meetings | 2 (Ad Hoc) | 9 (Ad Hoc predecessor); CE Committee established post-FY24 |
| Attendance threshold | ≥75% for all Trustees | ≥75% for all Trustees |
| Annual Meeting attendance | None of Trustees attended 2023 meeting | None of Trustees attended 2024 meeting |
| Independence | All committees comprised solely of noninterested Trustees | All committees comprised solely of noninterested Trustees |
| Committee | FY 2024 Membership | FY 2025 Membership | Chair Role |
|---|---|---|---|
| Audit | Not a member | Not a member | None |
| Contract Review | Member | Member | None |
| Portfolio Management | Member | Member | None |
| Compliance Reports & Regulatory Matters | Not a member | Not a member | None |
| Governance | Member | Member | None |
| Closed-End Fund (Ad Hoc predecessor) | Not listed on Ad Hoc in 2024 | Member (CE Committee) | None |
Fixed Compensation
Trustee fee schedule (Board-level, paid pro rata by each fund based on relative net assets):
| Component | 2024 Proxy Schedule | 2025 Proxy Schedule |
|---|---|---|
| Annual retainer (noninterested Trustee) | $315,000 | $325,000 |
| Additional retainer – Chairperson of noninterested Trustees | $150,000 | $150,000 |
| Committee service component | $82,500 | $82,500 |
| Additional retainer – serving on ≥4 committees | $15,000 | $15,000 |
| Additional retainer – Committee Chair | $35,000 (Governance, Audit, Compliance, Contract Review, Portfolio Mgmt; split if co-chairs) | $35,000 (any Committee Chair; split if co-chairs) |
| Ad Hoc Committee Chair stipend | $5,000 per six-month period (if applicable) | n/d in 2025 proxy |
| Expense reimbursement | Out-of-pocket expenses | Out-of-pocket expenses |
Bowser’s actual compensation:
| Metric | Calendar 2023 | Calendar 2024 |
|---|---|---|
| Total compensation from EOI (Fund) | $3,673 | $4,265 |
| Total compensation from Fund Complex | $374,906 | $395,000 |
Notes:
- Trustees may elect to defer fees under a Deferred Compensation Plan into Eaton Vance fund shares; the Fund does not have a pension or retirement plan for Trustees .
Performance Compensation
| Item | Calendar 2023 | Calendar 2024 |
|---|---|---|
| Annual incentive/bonus | Not applicable – Trustee compensation is fixed fees (retainer/committee) | Not applicable – Trustee compensation is fixed fees (retainer/committee) |
| Equity awards (RSUs/PSUs) | None disclosed for Trustees | None disclosed for Trustees |
| Stock options | None disclosed for Trustees | None disclosed for Trustees |
| Performance metrics tied to pay | None disclosed (no performance-based pay) | None disclosed (no performance-based pay) |
| Clawback provisions | Not disclosed for Trustees | Not disclosed for Trustees |
| Change-in-control terms | Not disclosed for Trustees | Not disclosed for Trustees |
Other Directorships & Interlocks
| Company/Entity | Relationship | Potential Interlock/Conflict |
|---|---|---|
| Stout Risius Ross | Independent Director (since 2021) | No EOI-related transactions disclosed; advisory firm, not a public issuer |
| Black Hedge Fund Professionals Network; various non-profits | Board roles | No EOI-related transactions disclosed |
No other public company directorships for Bowser are disclosed in the EOI proxy statements .
Expertise & Qualifications
- 25+ years in financial services; senior leadership across asset management and private banking; deep U.S. and Latin America UHNW/institutional coverage .
- Recognized for DEI leadership (EMPower 2020; Business Insider 2022 “Diversity Trailblazers”) .
- Independent Trustee under 1940 Act; active service on key oversight committees (Contract Review, Portfolio Management, Governance; Closed-End Fund Committee in 2025) .
Equity Ownership
| Holding | As of Apr 30, 2024 | As of Apr 29, 2025 |
|---|---|---|
| EOI fund shares (direct/indirect) | None (no Trustees other than Mr. Quinton held EOI shares) | None (no Trustees other than Mr. Quinton held EOI shares) |
| Aggregate holdings across Eaton Vance fund complex (oversight funds) | Over $100,000 | Over $100,000 |
| Deferred compensation election | Available; fees may be notionally invested in EV funds | Available; fees may be notionally invested in EV funds |
Insider Trades
| Item | Status |
|---|---|
| Section 16/Form 4 activity in EOI | None identified in proxy materials; Bowser held no EOI shares as of the stated dates |
Governance Assessment
- Strengths: Independent status with service on multiple oversight committees (Contract Review, Portfolio Management, Governance; Closed-End Fund Committee in 2025), indicating engagement across advisor oversight, performance monitoring, and board structure . Background includes senior operating roles at Bridgewater/UBS/Citi, suggesting capital markets and client oversight expertise valuable to fund governance .
- Attendance: Met minimum attendance threshold (≥75%) in FY 2023 and FY 2024; however, did not attend the Annual Meeting of Shareholders in 2023 or 2024 (common in fund complexes, but noted for transparency) .
- Alignment: Over $100,000 aggregate holdings across Eaton Vance fund complex and ability to defer fees into fund shares provide some alignment; but lack of EOI-specific share ownership is a potential alignment gap for EOI investors .
- Compensation structure: Fixed-fee retainer and committee fees; no performance-based, equity, or option awards disclosed—limits pay-for-performance signaling but is standard for registered fund trustees .
- Conflicts/Red Flags: No related-party transactions or adverse legal proceedings disclosed; committee compositions are independent under NYSE standards. Noted RED FLAG: no EOI share ownership; neutral-to-minor flag: non-attendance at Annual Meeting of Shareholders in consecutive years .