Deidre E. Walsh
Vice President and Chief Legal Officer at Eaton Vance Tax-Managed Global Diversified Equity Income Fund
Executive
About Deidre E. Walsh
Deidre E. Walsh serves as Vice President & Chief Legal Officer of Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG). She has been an officer of the Eaton Vance fund complex since 2021 and is also Vice President of Eaton Vance and Boston Management & Research (BMR), serving as an officer across 123 registered investment companies; year of birth: 1971 . She is listed as agent for service for EXG’s N-PX and signs current reports on behalf of the fund in her officer capacity . For performance context during her tenure as a fund officer, EXG reported the following total returns (NAV and market) as of April 30, 2025: six months NAV -0.41% and market +2.18%; one year NAV +6.20% and market +10.94%; five years NAV +12.68% and market +13.09%; ten years NAV +8.04% and market +7.74% .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Eaton Vance Management (EVM) and BMR | Vice President; Fund Officer | Since 2021 | Legal/governance leadership across the Eaton Vance fund complex; officer of 123 registered investment companies . |
| Calvert Research and Management (CRM) | Vice President; Fund Officer | Since 2021 | Officer of 45 registered investment companies advised/administrated by CRM . |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Not disclosed in EXG filings reviewed | — | — | No external directorships/roles disclosed in EXG proxy/N-CSRS . |
Fixed Compensation
Officers of EXG are employees of the adviser and are not paid by the Fund directly. Remuneration for officers affiliated with Eaton Vance is paid out of the adviser’s fee; the Fund does not disclose individual officer salary/bonus amounts.
| Component | 2024/2025 disclosure |
|---|---|
| Base salary | Not disclosed by the Fund; officers “receive remuneration… out of the investment adviser fee” ; officers are affiliated with Eaton Vance/BMR . |
| Target/Actual cash bonus | Not disclosed by the Fund . |
| Perquisites/benefits | Not disclosed by the Fund . |
Performance Compensation
The Fund does not report any officer-level performance incentive plan (PSUs/RSUs/options) for fund officers; compensation is determined and paid by the adviser, not by EXG.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed (officer incentives administered by adviser) | — | — | — | — | — |
| Notes: |
- Officers “will benefit from any advisory and/or administration fees paid by each Fund to Eaton Vance,” and due to their positions with Eaton Vance and ownership of Morgan Stanley stock (Eaton Vance’s parent), but no fund-level pay metrics are provided .
- No stock/option award tables for officers appear in the EXG proxy .
Equity Ownership & Alignment
| Item | Disclosure |
|---|---|
| Beneficial ownership of EXG shares (officer) | Not disclosed; trustee ownership is disclosed, but not officer holdings . |
| Vested vs. unvested equity; options outstanding | Not disclosed . |
| Shares pledged/hedged | Not disclosed . |
| Ownership guidelines (officers) | Not disclosed; trustee compensation/deferral program is disclosed separately . |
| Alignment note | Officers are adviser employees; they “will benefit from any advisory and/or administration fees paid by each Fund to Eaton Vance,” connected to Morgan Stanley stock ownership; potential economic linkage is to adviser economics, not EXG-specific equity . |
Employment Terms
| Term | Details |
|---|---|
| Title | Vice President & Chief Legal Officer ; also signs EXG 8-Ks in this capacity . |
| Officer since | 2021 (Eaton Vance fund complex) . |
| Term length | Indefinite term of office for fund officers . |
| Business address | One Post Office Square, Boston, MA 02109 . |
| Agent for service | Listed as agent for service on EXG Form N-PX . |
| Employment agreement; non-compete/non-solicit | Not disclosed in EXG proxy/N-CSRS . |
| Severance/change-in-control provisions | Not disclosed in EXG proxy/N-CSRS . |
| Clawbacks/tax gross-ups | Not disclosed in EXG proxy/N-CSRS . |
Fund Performance Context (for situational benchmarking)
| Metric | Six Months | One Year | Five Years | Ten Years |
|---|---|---|---|---|
| EXG Total Return at NAV | -0.41% | 6.20% | 12.68% | 8.04% |
| EXG Total Return at Market Price | 2.18% | 10.94% | 13.09% | 7.74% |
| Premium/(Discount) to NAV | (7.55%) as of 4/30/25 | |||
| Distribution per share (period) | $0.39 in six-month period; distribution rate at NAV 9.02%; market 9.76% |
Related Governance & Process Notes (how officers interface with the Fund)
- Officers listed for EXG include President, Secretary, Treasurer, CCO, and Vice President & Chief Legal Officer (Walsh); officers hold indefinite terms and are affiliated with Eaton Vance/BMR/CRM .
- EXG’s reports and certain current reports are signed by the Principal Executive Officer/Principal Financial Officer; Walsh signs 8-Ks as VP & Chief Legal Officer .
- Adviser compensation and fee schedule are disclosed (tiered fee on average daily gross assets); officers’ remuneration is paid from this fee, reinforcing that officer pay is outside fund-level say-on-pay structures .
Investment Implications
- Pay-for-performance linkage limited at fund level: As an adviser-affiliated legal officer, Walsh’s compensation isn’t set or disclosed by EXG; there are no fund-reported bonus metrics, vesting schedules, or equity awards for officers—reducing direct fund-level incentive alignment or insider selling pressure signals from officer grants/sales .
- Retention risk appears low near-term: Officers serve indefinite terms and are embedded across the Eaton Vance/Morgan Stanley complex (Walsh serves as officer across 123 funds), suggesting organizational depth and continuity rather than fund-specific key-person dependency .
- Trading signals constrained: With no officer equity award disclosures and no reported officer ownership/pledging, traditional insider-sell pressure or vesting event signals are unavailable at the fund level; performance context should rely on portfolio results, distribution sustainability, and discount/premium dynamics rather than officer compensation events .
- Governance structure is trustee-led with noninterested trustees and robust committee oversight; officer roles are operational/legal and compensated by the adviser, aligning officer incentives with adviser economics rather than EXG-specific equity outcomes .