Joseph Andolina
About Joseph Andolina
Joseph Andolina (year of birth: 1978) serves as Chief Compliance Officer and Vice President, Compliance of abrdn Global Infrastructure Income Fund (ASGI) and has held officer roles with the Fund since 2020 . He is currently Chief Risk Officer—Americas for abrdn Inc. and also serves as Chief Compliance Officer for abrdn Inc., following prior service in abrdn Inc.’s Legal Department as U.S. Counsel since 2012 . The Fund’s proxy statements do not disclose ASGI total shareholder return (TSR) or operating metrics like revenue/EBITDA growth for executive evaluation; such performance data are typically presented in shareholder reports (not in the DEF 14A) .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| abrdn Inc. (Legal Department) | U.S. Counsel | Since 2012 (end date not disclosed) | Served in abrdn Inc.’s Legal Department before moving to Risk & Compliance, per proxy biography |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| abrdn Inc. | Chief Risk Officer—Americas | Current | Described as current role in proxy officer biography |
| abrdn Inc. | Chief Compliance Officer | Current | “Serves as the Chief Compliance Officer for abrdn Inc.” per proxy |
Fixed Compensation
The Fund’s DEF 14A discloses that officers are employees of and compensated by the investment adviser (abrdn Inc. or affiliates); the Fund pays no officer compensation and maintains no bonus/profit sharing/pension plans for officers.
| Fiscal year end | Officer cash compensation from ASGI | Fund bonus/profit sharing/pension plans for officers |
|---|---|---|
| Sep 30, 2024 | $0 (“None of the Fund’s executive officers received any compensation from the Fund”) | None (“The Fund does not have any bonus, profit sharing, pension or retirement plans”) |
| Sep 30, 2023 | $0 | None |
| Sep 30, 2021 | $0 | None |
Officers are “employees of and are compensated by the Fund’s Investment Adviser or its affiliates” .
Implications for pay-for-performance analysis: ASGI’s proxy does not provide base salary, target/actual bonus, equity award details, or performance metric weightings for officers because compensation is determined and paid by abrdn Inc., not the Fund .
Performance Compensation
| Incentive type | Metrics/weighting | Targets | Actual/payout | Vesting/terms |
|---|---|---|---|---|
| Annual bonus (cash) | Not disclosed in Fund proxy (officers paid by adviser) | Not disclosed | Not disclosed | Not disclosed |
| Equity awards (RSUs/PSUs/options) | Not disclosed in Fund proxy (officers paid by adviser) | Not disclosed | Not disclosed | Not disclosed |
The Fund does not disclose officer-level performance metrics (e.g., revenue growth, EBITDA, TSR hurdles) or award designs for officers; these would be set by abrdn Inc. and are not included in the Fund’s DEF 14A .
Equity Ownership & Alignment
| Item | Disclosure |
|---|---|
| Aggregate ownership of Fund shares by Trustees and officers | Less than 1% as of April 1, 2025 ; less than 1% as of October 31, 2022 ; less than 1% as of April 11–12, 2021–2022 |
| Individual ownership (Andolina) | Not individually disclosed in proxy; “Ownership of Securities” tables cover Trustees/nominees (not officers) |
| Section 16(a) compliance | FY2024: officers and Trustees timely filed required reports ; FY2023: certain Trustees filed late Form 3s upon appointment; no officer delinquencies noted |
| Hedging/pledging | No pledging/hedging disclosures specific to officers appear in the DEF 14A; ownership and compensation sections do not include such details |
Note: The proxy does not present stock ownership guidelines, pledging prohibitions, or a hedging policy for officers; it focuses ownership disclosure on Trustees/nominees and states aggregate holdings for Trustees and officers as a group .
Employment Terms
| Term | Disclosure |
|---|---|
| Officer election/term | Officers hold their positions until a successor has been duly elected and qualifies; officers are elected annually by the Board of Trustees |
| Employment agreements, severance, change‑of‑control | Not disclosed in the Fund’s DEF 14A; officer employment terms are with abrdn Inc. (the adviser), and the proxy does not include those agreements |
| Non‑compete/non‑solicit, clawbacks, tax gross‑ups | Not disclosed in the Fund’s DEF 14A |
Investment Implications
- Pay-for-performance transparency is limited at the Fund level because all officer compensation (including any salary, bonus plans, equity, metrics, and clawbacks) is paid and governed by abrdn Inc., and the Fund reports $0 officer compensation and no bonus/pension plans; this reduces visibility into incentive alignment for Fund officers like Andolina within ASGI’s filings .
- Insider selling pressure from Fund equity appears structurally low: Trustees and officers collectively own less than 1% of outstanding shares across multiple years, and individual officer holdings (including Andolina) are not disclosed, suggesting minimal Fund‑level equity‑based liquidity overhang from officers .
- Governance/compliance profile: Andolina’s remit centers on risk and compliance (CRO—Americas and CCO at abrdn Inc.), and Section 16(a) reports were timely for FY2024, which supports a compliance‑oriented culture; no officer‑related delinquencies are cited in the latest proxy .
- Retention/contract risk cannot be evaluated from Fund disclosures: officer election is annual and at the Board’s discretion, but employment, severance, and change‑of‑control terms are not provided in the Fund’s proxy because officers are employees of the adviser .