Joseph Andolina
About Joseph Andolina
Joseph Andolina (Year of Birth: 1978) is Chief Compliance Officer and Vice President, Compliance for abrdn Global Dynamic Dividend Fund (AGD) and related abrdn funds. He concurrently serves as Chief Risk Officer—Americas and Chief Compliance Officer for abrdn Inc.; prior to joining Risk and Compliance, he served as U.S. Counsel beginning in 2012 and previously practiced at Drinker Biddle & Reath LLP in Philadelphia’s Investment Management Group . He has served as an officer of the Funds since 2018, with officers elected annually by the Boards . The proxy statements do not disclose individual TSR, revenue, EBITDA, or performance metrics for Mr. Andolina in his role as a fund officer.
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| abrdn Inc. | Chief Risk Officer—Americas; Chief Compliance Officer | At least 2018–present | Leads risk and compliance oversight across the Americas; serves as CCO of abrdn Inc. while serving as CCO and VP-Compliance of the Funds . |
| abrdn Inc. (Legal) | U.S. Counsel | Since 2012 (prior role) | Provided legal counsel for registered funds, supporting global SEC-related matters . |
| Aberdeen Asset Management Inc. | Head of Conduct & Compliance—Americas; Deputy Chief Risk Officer | Prior to 2018 | Led compliance program management and supported CRO function for Americas; role described in 2018/2019 fund disclosures . |
| Drinker Biddle & Reath LLP | Associate, Investment Management Group | Pre-2012 | Practiced investment management law prior to joining abrdn in 2012 . |
External Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| abrdn Inc. | Chief Risk Officer—Americas; Chief Compliance Officer | At least 2018–present | Enterprise risk and regulatory compliance leadership for abrdn in the Americas, relevant to Funds’ risk/compliance posture . |
Fixed Compensation
The Funds do not pay cash compensation to executive officers. Officers (including Mr. Andolina) are employees of and compensated by abrdn Inc. or affiliates; no cash compensation is paid by the Funds, and the Funds have no bonus, profit sharing, pension or retirement plans.
| Component | Amount/Terms | Source |
|---|---|---|
| Base salary | Not disclosed by the Funds; officers are compensated by abrdn Inc.; no fund-paid officer compensation | |
| Target bonus % | Not disclosed by the Funds; Funds do not maintain bonus plans for officers | |
| Actual bonus paid | Not disclosed by the Funds; no fund-paid officer bonuses | |
| Pension/SERP/retirement | Funds state no pension/retirement plans; officer benefits (if any) would be at abrdn Inc., not disclosed in Fund proxies |
All officers are employees of and are compensated by abrdn Inc. or an affiliate; none of the Funds’ executive officers received any compensation from any Fund for the covered periods .
Performance Compensation
The Fund proxies do not disclose officer performance metrics, weightings, targets, payouts, or vesting for Mr. Andolina. Compensation design, if any, is set by abrdn Inc. and not reported in the Fund’s proxy statements.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed by the Funds for officers | — | — | — | — | — |
| Note: Officers compensated by abrdn Inc.; no fund-paid incentive plans are reported | — | — | — | — | — |
| Sources | — | — | — | — |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Individual beneficial ownership | Not disclosed for officers in the proxy; officer-by-officer holdings are not provided . |
| Aggregate ownership | Trustees and officers, in the aggregate, owned less than 1% of AGD’s outstanding equity securities as of April 1, 2025 . |
| Shares outstanding (context) | 24,865,080.973 AGD shares outstanding as of record date April 7, 2025 . |
| Pledging/hedging by officers | No pledging/hedging disclosures for officers are provided in the proxy; not disclosed . |
| Ownership guidelines | No officer stock ownership guideline disclosure in the proxy; not disclosed . |
Employment Terms
| Term | Disclosure |
|---|---|
| Officer election/term | Officers are chosen annually and serve until successors are chosen and qualified . |
| Fund officer start date | Mr. Andolina has served as a Fund officer since 2018 . |
| Employment contract | No employment agreement, term, or expiration disclosed at the Fund level; officers are employees of abrdn Inc. . |
| Severance / Change-of-control | Not disclosed by the Funds for officers; no fund-level severance or CoC terms reported . |
| Non-compete / non-solicit / garden leave | Not disclosed in Fund proxies . |
| Clawback provisions | Not disclosed by the Funds for officers . |
Investment Implications
- Pay-for-performance linkage: There is no fund-paid officer compensation, and the proxy provides no disclosure of abrdn Inc.’s compensation metrics for Mr. Andolina; therefore, there is no visible linkage between AGD performance and Mr. Andolina’s pay at the fund level, and no fund-level bonus plans apply to officers .
- Insider selling pressure: With no reported fund-level equity awards, options, or vesting schedules for officers, there are no fund-disclosed vesting events that could create selling pressure. Aggregate Trustees/officers ownership is below 1% of outstanding shares, suggesting limited direct ownership-driven pressure at the fund level .
- Alignment and retention: Alignment relies on abrdn Inc.’s internal compensation and ownership policies (not disclosed in Fund proxies). Retention risk for Mr. Andolina is tied to his employment with abrdn Inc., not the Fund; the Boards elect Fund officers annually .
- Execution/risk oversight: As Chief Risk Officer—Americas and the Funds’ CCO, Mr. Andolina’s role is central to compliance and risk processes that are regularly reported to Boards as part of risk oversight; this supports regulatory and operational risk management for AGD .
Bottom line: No fund-level compensation or equity incentives are disclosed for Mr. Andolina; alignment and retention drivers sit within abrdn Inc.’s policies (not public in the Fund proxies). Aggregate insider ownership is low, and the CCO/CRO role provides risk management competency rather than a direct performance alpha lever at the Fund level .