Keith Quinton
About Keith Quinton
Independent Trustee (born 1958) serving on the Eaton Vance Global Buy-Write Opportunities Fund (ETW) board since 2018; his current ETW term is Class II expiring at the 2025 Annual Meeting. He is a noninterested (independent) Trustee under the 1940 Act and serves across the Eaton Vance closed-end complex, with a focus on closed-end fund market structure and oversight. Each Trustee (including Quinton) attended at least 75% of Board and committee meetings in FY2024; however, none of the Trustees attended the Funds’ 2024 Annual Meeting of Shareholders.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Fidelity Investments | Portfolio Manager and Senior Quantitative Analyst | 2001–2014 | Led quantitative investment research/portfolio management responsibilities. |
| MFS Investment Management | Vice President and Quantitative Analyst | 2000–2001 | Quantitative research supporting investment strategies. |
| Santander Global Advisors | Senior Quantitative Analyst | 1997–2000 | Quantitative analysis for global portfolios. |
| Putnam Investments | Senior Vice President, Quantitative Equity Research | 1995–1997 | Led quant equity research function. |
| Eberstadt Fleming; Falconwood Securities Corp.; Drexel Burnham Lambert | Various investment roles; began as Senior Quantitative Analyst | Began 1983 (earlier roles not dated) | Early-career quant work; progression through sell-side/buy-side roles. |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| New Hampshire Retirement System | Independent Investment Committee Member | 2017–2021 | 5-member committee implementing Board-approved policy and asset allocation. |
| New Hampshire Municipal Bond Bank | Director; Chairman | Director 2016–2021; Chairman 2019–2021 | Oversight of municipal bond financing programs. |
Board Governance
- Independence: ETW’s Board is composed entirely of noninterested Trustees; Quinton is independent under the 1940 Act.
- Leadership/Committees:
- Chairperson of the Closed-End Fund Committee (oversees secondary market trading, capital structure, distributions).
- Audit Committee member (Audit Committee financial experts are Gorman and Wennerholm; Quinton is not designated).
- Contract Review Committee member (reviews service provider contracts and conflicts).
- Compliance Reports and Regulatory Matters Committee member (liaison to CCO; qualified legal compliance committee).
- Governance Committee member (board composition, nominations, compensation).
- Attendance and engagement:
- FY2024 meetings: Board met 8 times; committee meetings—Audit (10), Contract Review (5), Governance (5), Portfolio Management (7), Compliance (8); the predecessor to the Closed-End Fund Committee met 10 times. Each Trustee attended at least 75% of Board/committee meetings; none attended the 2024 Annual Meeting.
| Body | FY2024 Meetings |
|---|---|
| Board of Trustees | 8 |
| Audit Committee | 10 |
| Contract Review Committee | 5 |
| Governance Committee | 5 |
| Portfolio Management Committee | 7 |
| Compliance Reports & Regulatory Matters Committee | 8 |
| Ad Hoc Committee for Closed-End Fund Matters (predecessor) | 10 |
Fixed Compensation
Board compensation is retainer-based and pro-rated across the Eaton Vance fund complex by fund assets; no equity or options are awarded to Trustees.
| Component | Annual Amount |
|---|---|
| Base Trustee Retainer | $325,000 |
| Chairperson of noninterested Trustees | $150,000 (not applicable to Quinton) |
| Committee Service Retainer | $82,500 |
| Additional Retainer for Service on ≥4 Committees | $15,000 |
| Committee Chair Retainer | $35,000 (split if co-chairs) |
Quinton’s FY2024 compensation by fund and in aggregate:
| Fund | FY2024 Trustee Fees (USD) |
|---|---|
| ETW – Global Buy-Write Opportunities Fund | $6,188 |
| ETV – Buy-Write Opportunities Fund | $9,827 |
| ETB – Tax-Managed Buy-Write Income Fund | $2,669 |
| ETJ – Risk-Managed Diversified Equity Income Fund | $3,734 |
| EOS – Enhanced Equity Income Fund II | $6,797 |
| Total Compensation from Fund Complex | $420,000 |
Notes: Trustees may elect to defer fees into fund-share equivalents under a Deferred Compensation Plan; deferred amounts track the performance of selected Eaton Vance funds. No pension/retirement plan is provided. (Illustrative deferred amounts shown in footnotes for other Trustees; Quinton’s total does not indicate additional deferred footnotes.)
Performance Compensation
| Performance-Linked Element | Description |
|---|---|
| None disclosed | Trustee pay is cash-retainer based; no PSUs/RSUs, options, or formulaic performance metrics apply to director compensation. |
Other Directorships & Interlocks
| Company/Entity | Public Company? | Role | Potential Interlock/Conflict |
|---|---|---|---|
| New Hampshire Municipal Bond Bank | No | Director; Chairman | None disclosed with ETW/adviser/service providers. |
| New Hampshire Retirement System | No | Investment Committee Member | None disclosed with ETW/adviser/service providers. |
No current public company directorships are disclosed for Quinton.
Expertise & Qualifications
- 30+ years in investment management, with senior quantitative research and portfolio management roles at Fidelity, Putnam, Santander, and MFS, aligning with ETW’s need for rigorous oversight of equity-income strategies and risk management.
- Governance experience as Chairperson of the Closed-End Fund Committee; broad participation across Audit, Compliance, Contract Review, and Governance committees strengthens oversight of the adviser/administrator and market structure for closed-end funds.
Equity Ownership
| Item | Status |
|---|---|
| Beneficial ownership of ETW equity securities | None (as of Jan 28, 2025, no Trustee beneficially owned a Fund’s equity securities). |
| Aggregate dollar range of equity securities owned across Eaton Vance family of funds overseen | Over $100,000 (may include deferred compensation plan balances). |
| Pledging/Hedging of ETW shares | Not disclosed. |
Governance Assessment
- Board effectiveness: Strong committee coverage; Quinton chairs the Closed-End Fund Committee and serves on Audit, Governance, Compliance, and Contract Review—positions that indicate deep engagement with valuation, trading, compliance, and third-party contract risks.
- Independence: Entire board is noninterested; Quinton is independent, which supports objective oversight of the adviser/administrator.
- Attendance: Meets the ≥75% threshold across Board/committee meetings, though absence from the 2024 Annual Meeting (consistent across all Trustees) is a modest investor-relations negative signal.
- Compensation alignment: Cash-heavy structure with no equity/option grants; while committee chair and multi-committee service add incremental retainers, the absence of equity linkage limits “skin-in-the-game” alignment to shareholders.
- Ownership: No ETW share ownership; aggregate exposure “Over $100,000” in Eaton Vance family funds (which may reflect deferred fee elections) provides some exposure to fund performance, but not ETW-specific alignment.
RED FLAGS
- No beneficial ownership of ETW shares by any Trustee (including Quinton), and no equity-based director compensation—limited ownership alignment to ETW shareholders.
- None of the Trustees attended the 2024 Annual Meeting, which may be perceived as reduced direct shareholder engagement.
Positives
- Closed-End Fund Committee chaired by Quinton indicates focused oversight on closed-end market dynamics (trading, capital structure, distribution policies).
- Multi-committee participation enhances checks on financial reporting, compliance, conflicts, and board governance processes.