Andrew Kim
About Andrew Kim
Andrew Kim is Vice President of The India Fund, Inc. (IFN), serving as a fund officer since 2022; he is currently a Senior Product Governance Manager—US at abrdn Inc. and joined abrdn in 2013 (Year of Birth: 1983). He is listed among the Fund’s executive officers in the 2023–2025 DEF 14A proxies, with the Fund noting that officers are chosen annually to hold office until the next year and until their successors are chosen and qualified. He has also been named as a proxy holder on IFN’s annual meeting proxy cards (2022–2024), reflecting a direct role in meeting administration and governance processes.
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| The India Fund, Inc. | Vice President (Fund Officer) | 2022–present | Executive officer of the Fund, elected annually to serve until successors are chosen and qualified. |
| abrdn Inc. | Senior Product Governance Manager—US | At least 2022–present | Current principal occupation per IFN proxy disclosures. |
| abrdn Inc. | Product Manager (initial role at abrdn) | 2013 (joined abrdn) | Entry role at abrdn noted in officer biography. |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Not disclosed in IFN filings | — | — | IFN proxies list principal occupation at abrdn but do not disclose external directorships or other roles for Andrew Kim. |
Fixed Compensation
The Fund’s proxies consistently state that officers of the Fund do not receive any compensation directly from the Fund (they are employees of abrdn Inc. and may be reimbursed for reasonable out-of-pocket travel to board meetings).
| Component | FY2024 (as disclosed in 2025 DEF 14A) | Notes |
|---|---|---|
| Base salary from IFN | $0 | Officers do not receive compensation directly from the Fund; any salary is paid by abrdn Inc. and is not disclosed in IFN filings. |
| Bonus from IFN | $0 | Not paid by the Fund. |
| Pension/SERP from IFN | $0 | The Fund does not provide pension or retirement benefits to directors, and officers are not compensated by the Fund. |
| Perquisites from IFN | Not disclosed | No officer perquisite schedule is provided by the Fund. |
Performance Compensation
No Fund-level variable compensation is granted to officers (no RSUs/PSUs/options or bonus plans disclosed by IFN for officers).
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| N/A (no officer performance plan at Fund level) | — | — | — | — | — |
Equity Ownership & Alignment
- Beneficial ownership tables in IFN proxies are presented for directors; officer-by-officer holdings (including Andrew Kim) are not itemized in recent filings.
- As of April 1, 2025, no person was reported as a 5%+ beneficial owner of IFN common shares.
- There is no disclosure of officer stock ownership guidelines, pledging, or hedging practices specific to officers in IFN filings.
| Ownership item | Disclosure status | Source |
|---|---|---|
| Andrew Kim beneficial ownership (shares/$ range) | Not itemized for officers | |
| Shares pledged as collateral | Not disclosed | |
| Officer ownership guidelines/compliance | Not disclosed | |
| 5%+ shareholders | None as of 2025-04-01 |
Employment Terms
- Officers are chosen annually to hold office until the next year and until their successors are chosen and qualified.
- IFN does not disclose employment contracts, severance, or change-of-control terms for officers; officers are employees of abrdn Inc. (the Fund’s adviser/affiliate).
| Term | Disclosure | Notes |
|---|---|---|
| Contract term/expiration | Not disclosed by IFN | Officers are appointed annually by the Board. |
| Severance/CIC economics | Not disclosed by IFN | No Fund-level severance/CIC terms for officers are presented. |
| Non-compete/Non-solicit | Not disclosed by IFN | No officer covenants are presented in IFN filings. |
| Clawbacks/Tax gross-ups | Not disclosed by IFN | No officer clawback/tax gross-up policy disclosed for Fund-level officer compensation (none paid by Fund). |
Additional Governance and Context
- Director compensation is disclosed (officers and interested directors receive no compensation directly from the Fund), underscoring a longstanding structure where Fund-level compensation applies to independent directors only.
- Andrew Kim has appeared as a named proxy holder in IFN’s proxy cards (2022–2024), reflecting operational involvement in annual meeting processes.
Investment Implications
- Pay-for-performance linkage at the Fund level is minimal for officers since officers receive no compensation directly from IFN; alignment and retention incentives for Andrew Kim flow through abrdn Inc., not IFN, limiting direct Fund-level compensation signals or vesting-related selling pressure.
- Absence of officer-level equity award disclosures (and lack of 5% shareholders as of April 1, 2025) indicates limited insight into officer “skin-in-the-game” at the Fund level; governance focus for investors should center on board oversight and adviser performance, rather than officer compensation levers.
- Retention risk and incentives for Andrew Kim are primarily tied to abrdn’s internal compensation and career progression within Product Governance; IFN filings confirm his ongoing role and tenure but do not provide employment economics, suggesting low direct Fund-level impact from officer turnover unless it signals broader adviser operational changes.