Board of Directors

We invite you to meet our Board of Directors: 

Ketu Desai
Director since 2024
Mr. Desai is Principal of i-squared Wealth Management, Inc., since 2016; he is Chief Investment Officer of Centerfin since 2020. Mr. Desai serves as Trustee of Templeton Global Income Fund since February 2023 and Trustee of Saba Capital Income & Opportunities Fund since July 2020. He earned a B.A. in Economics from Stony Brook University, and a M.S. in Economics from New York University. Mr. Desai has also received an MBA from NYU Stern in Finance, Financial Instruments and Markets, and Entrepreneurship and Innovation.

William Donovan
Director since 2020
Mr. Donovan has extensive investment and asset management experience. Mr. Donovan served as President of United States Steel and Carnegie Pension Fund from 2011-2017, in which capacity he researched and implemented investment decisions for defined benefit and defined contribution plan assets. Prior to that, Mr. Donovan held various senior investment positions with the same pension fund, including as Vice President of Investments from 2001-2011, and Industry Group Manager and Investment Analyst from 1994-2001. Mr. Donovan was also a Manager at Marathon Oil Company from 1992-1994.

Mary Joan Hoene (Chair)
Director since 2014
Ms. Hoene has extensive legal, compliance, regulatory and management experience in the securities and investment management industry. She served as Counsel in the Corporate Department of Carter Ledyard & Milburn LLP from 2010-2021, having previously served as Partner from 1999-2004. She served as Senior Vice President & Independent Chief Compliance Officer for Columbia Funds, Liberty All-Star Funds, Galaxy Funds, BACAP Registered Hedge Fund and Columbia Multi-Strategy Hedge Fund (Bank of America Corporation) in Boston, MA from 2004-2007. Ms. Hoene has held senior positions at the U.S. Securities and Exchange Commission and several large financial services companies. She also led the legal development of the first exchange traded gold securities product from 2002-2004.

Paul Kazarian
Director since 2024
Mr Kazarian is Partner of Saba Capital Management, L.P., since 2013. He is Trustee of Templeton Global Income Fund since May 2021 Trustee of Miller/Howard High Income Equity Fund since October 2022 and Trustee of Destra Multi-Alternative Fund since December 2023. Mr. Kazarian received his B.A. in Political Science from Bates College.

Certain Tax Information: ASA is a “passive foreign investment company” for United States federal income tax purposes. As a result, United States shareholders holding shares in taxable accounts are encouraged to consult their tax advisors regarding the tax consequences of their investment in the Company’s common shares.