Richard Silver - Korea Closed Independent Director

KF Fund  USD 20.59  0.44  2.18%   
Richard Silver is Fund Manager at Korea Closed
Mr. Richard A. Silver is an Independent Director of the Company. Mr. Silver has more than 30 years of senior executive experience in the investment management industry. He served as treasurer and chief financial officer of all Fidelity Mutual Funds and as executive vice president of Fidelity Investments, during which time he oversaw accounting, financial reporting and related operations for more than 400 mutual funds and 2, 300 other investment portfolios. He also served as senior vice president, treasurer and chief financial officer of The Colonial Group, Inc. for nearly 19 years, heading the companys financial services group. In addition, Mr. Silver served as the chairman of the AccountingTreasurers Committee of the Investment Company Institute for approximately seven years.
Age 73
Tenure 18 years
Phone212 739 3000
Webhttps://www.thekoreafund.com
Silver has more than 30 years of U.S. and nonU.S. closedend fund experience, including, among other things, serving as the head of the closedend fund business for Jardine Fleming Investment Management and as the chairman and/or a director of numerous closedend funds. He has spent over 40 years in the financial services industry spanning Europe, Asia and the Americas. He was based in Asia for approximately 25 years, and during that time, spent time focusing on, among others, the Korean stock market. He is an Affiliate of the Securities Industry of Australia and was licensed by the respective regulatory bodies in the United Kingdom, Hong Kong, Singapore and Australia. In 2007, Mr. Reid was named “Small Board Trustee of the Year” by Fund Directions, a U.S. magazine focusing on corporate governance matters, for his work as the independent chairman of the Fund.

Korea Closed Management Performance (%)

The company has Return on Asset (ROA) of 0.48 % which means that for every $100 of assets, it generated a profit of $0.48. This is way below average. Likewise, it shows a return on total equity (ROE) of (40.35) %, which implies that it produced no returns to current stockholders. Korea Closed's management efficiency ratios could be used to measure how well Korea Closed manages its routine affairs as well as how well it operates its assets and liabilities.

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The Korea Fund, Inc. is a closed-ended equity mutual fund launched and managed by Allianz Global Investors U.S. The Korea Fund, Inc. was formed on August 29, 1984 and is domiciled in the United States. Korea Fund operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not categorized under any group at the moment.

Management Performance

Korea Closed Leadership Team

Elected by the shareholders, the Korea Closed's board of directors comprises two types of representatives: Korea Closed inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Korea. The board's role is to monitor Korea Closed's management team and ensure that shareholders' interests are well served. Korea Closed's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Korea Closed's outside directors are responsible for providing unbiased perspectives on the board's policies.
Simon Crinage, President, Chief Executive Officer
Steve Ungerman, Chief Compliance Officer
Richard Cochran, Assistant Treasurer
Angela Borreggine, Secretary, Chief Legal Officer
Joseph Grause, Independent Director
Thomas Fuccillo, President, Chief Executive Officer
Paul Winship, Vice President Secretary
Neil Martin, Principal Financial and Administrative Officer, Treasurer
Carmine Lekstutis, Chief Legal Officer
Matthew Sippel, Independent Director
Julian Reid, Independent Chairman of the Board
Christopher Brader, Independent Director
Orhan Dzemaili, Treasurer, Principal Financial and Accounting Officer
Thomas Harter, Chief Compliance Officer
Richard Silver, Independent Director

Korea Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Korea Closed a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Other Information on Investing in Korea Fund

Korea Closed financial ratios help investors to determine whether Korea Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Korea with respect to the benefits of owning Korea Closed security.
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