Sharon Ferrari
About Sharon Ferrari
Sharon Ferrari is the Treasurer and Chief Financial Officer of abrdn Global Income Fund, Inc. (FCO), serving as a fund officer since 2009 and in the CFO/Treasurer roles since 2023; she is also Director, Product Management for abrdn Inc. and was born in 1977 . She is the Fund’s Principal Financial Officer, evidenced by her signing the N-CSR on July 7, 2025, and is listed as the agent for service for the Fund . During the six months ended April 30, 2025, FCO generated a -5.95% NAV total return and +8.77% market-price total return, with the market price trading at an 89.71% premium to NAV at period-end; these dynamics are important context for finance oversight during her tenure .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| abrdn Inc. | Senior Fund Administrator | 2008 | Joined abrdn Inc.; foundation for subsequent fund officer responsibilities . |
| FCO (and affiliated abrdn closed-end funds) | Fund Officer | 2009–present | Ongoing fund officer service since 2009 across the fund complex . |
| FCO (and affiliated abrdn closed-end funds) | Treasurer & Chief Financial Officer | 2023–present | Treasurer and CFO responsibilities for the Fund(s) . |
| abrdn Inc. | Director, Product Management | Current | Principal occupation listed in proxy officer table . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Not disclosed in Fund filings | — | — | Proxy lists principal occupation at abrdn Inc.; no external public company directorships disclosed for Ms. Ferrari . |
Fixed Compensation
Officers of the Fund (including the CFO) do not receive compensation directly from FCO; they are compensated by abrdn (the adviser). The Fund does not disclose base salary, target bonus, or incentives for officers.
| Item | Disclosure (FCO filings) |
|---|---|
| Base salary | Not disclosed by the Fund; officers do not receive compensation directly from the Funds . |
| Target/actual bonus | Not disclosed by the Fund . |
| Cash compensation from FCO | None; officers do not receive compensation directly from the Funds . |
| Pension/SERP/Deferred comp | Not disclosed by the Fund . |
| Perquisites | Not disclosed by the Fund . |
| Clawback/tax gross-ups | Not disclosed by the Fund . |
Performance Compensation
The Fund does not disclose any officer performance incentive plan details (metrics/weights) or equity awards for officers; officers are paid by abrdn, not by FCO.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed for Fund officers | — | — | — | — | — . |
| Equity/Options from FCO | Grant Date | Shares/Strike | Fair Value | Vesting Schedule |
|---|---|---|---|---|
| None disclosed for Fund officers | — | — | — | — . |
Equity Ownership & Alignment
| As-of Date | Shares Beneficially Owned (FCO) | Ownership % of FCO | Notes |
|---|---|---|---|
| April 1, 2025 | 0 | 0% | “Mr. Goodson and Ms. Ferrari did not own shares of the Funds’ common stock.” . |
| October 31, 2022 | 0 | 0% | “Mr. Pittard and Ms. Ferrari did not own shares of the Funds’ common stock.” . |
- Aggregate insider ownership in each Fund was less than 1% as of April 1, 2025; pledging/hedging and ownership guidelines for officers are not disclosed by the Fund .
- No Form 8-K, Item 5.02 events were found for FCO in the 2019–2025 period, limiting disclosure on employment agreements or equity awards via current reports [ListDocuments: 8-K 5.02 found 0].
Employment Terms
| Term | Disclosure (FCO filings) |
|---|---|
| Employment start at abrdn Inc. | Joined abrdn Inc. in 2008 as Senior Fund Administrator . |
| Fund officer tenure | Fund officer since 2009; CFO/Treasurer since 2023 . |
| Contract term/expiration | Not disclosed by the Fund (officers are employees of abrdn) . |
| Severance / Change-of-control | Not disclosed by the Fund . |
| Non-compete / Non-solicit / Garden leave | Not disclosed by the Fund . |
| Post-termination arrangements | Not disclosed by the Fund . |
Fund Performance Context (during current tenure)
| Period | NAV Total Return | Market-Price Total Return | Premium/Discount at Period End | Notes |
|---|---|---|---|---|
| Six months ended April 30, 2025 | -5.95% | +8.77% | +89.71% premium (NAV $3.11; Price $5.90) | Market price traded at a significant premium to NAV during the period . |
Investment Implications
- Alignment: No direct FCO equity ownership and the fact that officers are compensated by abrdn (not by the Fund) reduce direct pay-for-performance alignment to FCO’s NAV/market-price returns; there are no disclosed Fund-linked equity awards, vesting schedules, or insider selling pressure indicators for Ms. Ferrari in Fund filings .
- Retention/contract risk: Employment economics (salary, bonus, severance/CoC) are governed by abrdn and are not disclosed at the Fund level, limiting visibility into retention incentives or potential change-in-control accelerations for Ms. Ferrari .
- Governance/control: As Principal Financial Officer and CFO/Treasurer, Ferrari’s role anchors financial reporting and control integrity; her execution footprint is evident through officer listings and N-CSR signatory responsibilities .
- Performance backdrop: The Fund’s April 30, 2025 semiannual results show a divergence between NAV and market-price returns and an elevated premium to NAV, underscoring the importance of financing, distribution, and investor-relations signals under the CFO’s purview; however, compensation metrics linked to these outcomes are not disclosed for Fund officers .