Joseph Andolina
About Joseph Andolina
Joseph Andolina serves as Chief Compliance Officer and Vice President—Compliance for abrdn Global Income Fund, Inc. (FCO), as well as sister funds FAX and IAF. He has held these fund officer roles since 2017. Separately, he is Chief Risk Officer—Americas and serves as Chief Compliance Officer for abrdn Inc.; prior roles include U.S. Counsel at abrdn Inc. starting in 2012. Year of birth: 1978. Fund proxies do not disclose officer compensation or pay-for-performance frameworks because officers are not paid directly by the Funds .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| abrdn Inc. (Legal Department) | U.S. Counsel | Since 2012 | Supported abrdn’s U.S. legal matters prior to joining Risk & Compliance |
| abrdn Inc. | Chief Risk Officer—Americas; Chief Compliance Officer (abrdn Inc.) | Not specified | Oversees regional risk and compliance functions for abrdn Inc. |
External Roles
No external directorships or outside board roles are disclosed for Andolina in the officer biography section (principal occupations during the past five years) of the fund proxy .
Fixed Compensation
| Component | Most recent disclosure |
|---|---|
| Base salary | Not disclosed in fund proxy; officers are not compensated directly by the Funds |
| Target bonus % | Not disclosed in fund proxy; officers are not compensated directly by the Funds |
| Actual annual bonus | Not disclosed in fund proxy; officers are not compensated directly by the Funds |
| Cash/perquisites | Not disclosed for officers in fund proxy |
Performance Compensation
| Incentive type | Metric(s) | Weighting | Target | Actual/payout | Vesting |
|---|---|---|---|---|---|
| Annual incentive (cash/equity) | Not disclosed | — | — | — | — |
| RSUs/PSUs | Not disclosed | — | — | — | — |
| Stock options | Not disclosed | — | — | — | — |
- Fund proxies do not present officer incentive plans or performance metrics (e.g., revenue, EBITDA, TSR). Officers are not paid directly by the Funds; compensation, if any, would be at abrdn Inc. level and not reported in the Funds’ proxy .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Total beneficial ownership (FCO) | Not disclosed individually for officers. As of April 1, 2025, Directors and officers, in the aggregate, owned less than 1% of the Fund’s outstanding equity securities . |
| Vested vs. unvested split | Not disclosed . |
| Options (exercisable/unexercisable) | Not disclosed . |
| Pledging/hedging | Not disclosed in proxy for officers . |
| Stock ownership guidelines compliance | Not disclosed for officers . |
Employment Terms
| Term | Detail |
|---|---|
| Fund officer start date | Fund officer since 2017 (Chief Compliance Officer and VP—Compliance for FAX, FCO, IAF) . |
| Employer | Employed by abrdn Inc.; serves as officer of the Funds . |
| Contract term/auto-renewal | Not disclosed for officers in the Funds’ proxy . |
| Severance; change-in-control; vesting acceleration | Not disclosed for officers in the Funds’ proxy . |
| Clawbacks; tax gross-ups; deferred comp; pension/SERP | Not disclosed for officers in the Funds’ proxy . |
| Non-compete/Non-solicit/Garden leave | Not disclosed for officers in the Funds’ proxy . |
Investment Implications
- Compensation alignment and disclosure: The fund’s proxy does not disclose officer-level pay, incentive metrics, or equity awards because officers are not compensated directly by the Funds; any compensation would be paid by abrdn Inc. and is outside the Fund proxy’s scope. This limits pay-for-performance assessment at the fund level .
- Retention risk: Andolina has served as a fund officer since 2017 and holds senior compliance and risk roles at abrdn Inc. (CRO—Americas, CCO), signaling internal importance. No fund-level employment protections (severance/CoC) are disclosed for officers, so retention levers are opaque in public filings .
- Insider ownership/selling pressure: Officer-specific ownership is not disclosed; aggregate insider ownership (directors and officers) is less than 1%, implying limited fund-level insider alignment and minimal direct selling pressure signals discernible from public filings .
- Governance/oversight context: Andolina’s role centers on compliance and risk, and the Boards meet regularly with the Funds’ Chief Compliance Officer as part of risk oversight processes, providing a governance channel rather than a direct performance incentive structure .