Alyssa Asbury
About Alyssa Asbury
Alyssa Asbury, age 30, serves as Assistant Secretary of The New Germany Fund, Inc. (GF) and The Central and Eastern Europe Fund, Inc. (CEE). She has held the Assistant Secretary role since 2020 and works at DWS in Fund Administration as a Senior Specialist and Vice President; she held no beneficial ownership in GF or CEE as of May 16, 2025 . The Funds do not pay compensation to officers or tie officer pay to performance metrics; therefore, no TSR-, revenue-, or EBITDA-linked compensation disclosures exist for Ms. Asbury .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| DWS Investment Management Americas, Inc. | Fund Administration (Senior Specialist); Vice President | Not disclosed | Provides fund administration support across DWS US registered investment companies, including GF and CEE . |
| The New Germany Fund, Inc. (GF); The Central and Eastern Europe Fund, Inc. (CEE) | Assistant Secretary | Since 2020 | Corporate governance and administrative officer functions for closed-end funds . |
External Roles
No external directorships or non-DWS roles disclosed for Ms. Asbury .
Fixed Compensation
The Funds do not pay compensation to officers. Ms. Asbury receives no cash compensation from GF/CEE; any compensation would be from DWS and is not disclosed in the Funds’ proxy.
| Component | Latest Disclosure | Amount |
|---|---|---|
| GF/CEE Base Salary (Fund-paid) | Policy statement | $0 (No compensation paid by a Fund to officers) |
| GF/CEE Cash Bonus (Fund-paid) | Policy statement | $0 (No compensation paid by a Fund to officers) |
Performance Compensation
No Fund-level performance-based compensation (RSUs, PSUs, options, cash incentives) is paid to officers; thus, no performance metrics, targets, payouts, or vesting schedules are disclosed for Ms. Asbury .
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable (Fund does not pay officers) | — | — | — | — | — |
Equity Ownership & Alignment
| Holder | Fund | Shares Beneficially Owned (5/16/2025) | Notes |
|---|---|---|---|
| Alyssa Asbury | GF | None | No officer ownership in GF disclosed . |
| Alyssa Asbury | CEE | None | No officer ownership in CEE disclosed . |
| All Directors/Nominees/Executive Officers as a group (13 persons) | GF | 6,236 (<1%) | Aggregate group holdings <1% of shares outstanding . |
| All Directors/Nominees/Executive Officers as a group (13 persons) | CEE | 2,250 (<1%) | Aggregate group holdings <1% of shares outstanding . |
Additional alignment notes:
- No shares pledged or hedging activity is disclosed for Ms. Asbury; she holds no Fund shares .
- Stock ownership guidelines for officers are not disclosed; Funds state they have no employees and do not pay officers .
Employment Terms
- Role and election: Officers (including Assistant Secretary) are elected annually by the Board following the Annual Meeting of Stockholders .
- Employer: The Funds have no employees; officers are personnel of DWS or related entities providing administrative services .
- Compensation committee: None; as neither Fund has employees, the Board has not established a compensation committee .
- Severance/change-in-control: No Fund-level employment contracts, severance, change-in-control, retention bonuses, or clawback provisions are disclosed for officers .
- Section 16 compliance: Delinquent filings were disclosed for Deputy AML Officer Rich Kircher (Form 3) and Director Bernhard Koepp (Form 4); Ms. Asbury was not named among delinquent filers .
Investment Implications
- Compensation alignment: With no Fund-paid compensation or performance incentives for officers, Ms. Asbury’s pay-for-performance linkage at the Fund level is nil; any DWS compensation structure is not disclosed, limiting assessment of variable-pay levers .
- Insider selling pressure: Non-existent for Ms. Asbury given zero beneficial ownership in GF/CEE; absence of holdings eliminates near-term selling overhang .
- Retention and governance: Officers are elected annually and are DWS employees; retention risk is driven by DWS HR policies rather than Fund economics, and no severance/change-in-control terms are disclosed by the Funds .
- Trading signals: No personal ownership, options, pledging, or Form 4 activity disclosed for Ms. Asbury, providing no executive-specific trading signals; monitoring broader GF governance and top shareholder dynamics (e.g., Lazard AM, Allspring, Saba Capital, 1607 Capital) remains more pertinent for trading and activism risk assessment .