Mark Anderson
About Mark Anderson
Mark R. Anderson (year of birth: 1970) serves as Vice President and Secretary of Lazard Global Total Return and Income Fund, Inc. (“LGI”) and has held these officer roles since February 2017 . He is a Managing Director and General Counsel of Lazard Asset Management LLC (“LAM”) since April 2017 and previously served as LAM’s Chief Compliance Officer; education is not disclosed in the proxy . LGI’s proxy statements do not disclose executive officer performance metrics such as TSR, revenue growth, or EBITDA growth; the Fund does not have a standing Compensation Committee for the Board, emphasizing governance oversight rather than executive pay program design .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Lazard Asset Management LLC (LAM) | Chief Compliance Officer (prior role) | Prior to April 2017 | Not disclosed |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed | — | — | — |
Fixed Compensation
- LGI’s proxy disclosures present director compensation only; officer-specific cash compensation (base salary, bonus) is not provided in LGI’s proxy statements .
- The Fund does not have a standing Compensation Committee for the Board, consistent with closed‑end fund governance; compensation oversight focuses on directors rather than fund officers (who are generally LAM employees) .
Performance Compensation
- No officer performance-based compensation (RSUs/PSUs, options, metrics, targets, payout outcomes) is disclosed for LGI officers, including the Secretary .
Equity Ownership & Alignment
- Officer-level beneficial ownership for Mark Anderson is not individually disclosed. As a group, Directors and officers of the Fund owned less than 1% of LGI’s outstanding Common Stock as of December 31, 2023 and December 31, 2024 .
- LAM did not beneficially own any shares of LGI Common Stock as of the relevant record dates in 2024 and 2025, reinforcing low internal ownership alignment at the fund level .
- Largest beneficial holder disclosure (context for trading dynamics):
| Metric | FY 2023 (Dec 31, 2023) | FY 2024 (Dec 31, 2024) |
|---|---|---|
| Directors and officers group ownership (% of shares outstanding) | <1% | <1% |
| First Trust Portfolios/Advisors/Charger Corp combined beneficial ownership (% of class) | 12.21% | 12.68% |
| LAM beneficial ownership of LGI shares | 0% | 0% |
Additional alignment items:
- Stock ownership guidelines, pledging/hedging policies, and officer-level vested/unvested breakdowns are not disclosed in the proxy .
- Section 16(a) compliance: All reporting persons with respect to LGI complied with filing requirements for the fiscal years ended Dec 31, 2023 and Dec 31, 2024, indicating timely reporting of any required insider activity .
Employment Terms
- Role and tenure: Vice President and Secretary since February 2017 .
- Officer term structure: Each officer serves until a successor is elected and qualifies or until earlier resignation or removal, implying no fixed-term employment contract disclosed at the Fund level .
- Secretary responsibilities include administration of stockholder communications routing to the Board (the Secretary screens and directs communications), underscoring governance interface responsibilities .
- No disclosure of severance, change‑of‑control, non‑compete/non‑solicit, garden leave, consulting arrangements, clawbacks, tax gross‑ups, or deferred compensation for officers in the LGI proxy .
Board Governance (context)
- LGI’s Board has Audit and Nominating Committees; it does not have a standing Compensation Committee for the Board .
- Audit Committee is comprised of Independent Directors; meeting frequency and independence are disclosed, with charter available online .
Investment Implications
- Limited officer-level compensation and ownership transparency: With officer compensation and equity specifics not disclosed at the Fund level and directors/officers collectively owning <1%, direct pay‑for‑performance alignment signals for Mark Anderson are not observable from LGI’s proxy filings .
- Role-driven retention perspective: Anderson’s long tenure as Secretary (since Feb 2017) and concurrent senior legal role at LAM suggest continuity in governance and legal oversight; however, absence of disclosed severance or change‑of‑control economics prevents assessment of retention risk tied to compensation .
- Trading signals and insider pressure: Section 16(a) compliance is affirmed, but no officer‑specific Form 4 activity or pledging/hedging policies are disclosed in the proxy, limiting inference on near‑term selling pressure or alignment risk .
- Ownership concentration context: External holders like First Trust increasing their beneficial stake (12.21% to 12.68%) may influence governance and liquidity dynamics at the fund level, but this does not directly inform Anderson’s incentives or actions .