Keith Quinton
About Keith Quinton
Independent Trustee of Eaton Vance Tax-Managed Global Diversified Equity Income Fund (EXG) since 2018; born 1958; class II term for EXG expiring in 2026. He is a noninterested (independent) Trustee under the Investment Company Act of 1940 and serves across the Eaton Vance closed-end fund complex; board comprises ten noninterested Trustees with risk oversight supported by six committees . Background includes quantitative investment roles and asset management leadership, notably Portfolio Manager and Senior Quantitative Analyst at Fidelity Investments (2001–2014), and service on the New Hampshire Retirement System Investment Committee (2017–2021) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Fidelity Investments | Portfolio Manager; Senior Quantitative Analyst | 2001–2014 | Led quantitative research and portfolio management in investment management |
| New Hampshire Retirement System | Independent Investment Committee Member | 2017–2021 | Oversaw investments consistent with board-approved policy/asset allocation |
| New Hampshire Municipal Bond Bank | Director; Chairman | Director 2016–2021; Chairman 2019–2021 | Governance and financing oversight for municipal bonds |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Private Investor; Researcher and Lecturer | Independent professional | Ongoing | Current principal occupation |
Board Governance
- Independence: Classified as a noninterested Trustee for EXG and related funds; all current Trustees are noninterested under the 1940 Act .
- Committees: Quinton is a member of Audit; Contract Review; Compliance Reports & Regulatory Matters; Governance; and is Chairperson of the Closed-End Fund Committee (established FY2024 predecessor Ad Hoc Committee) .
- Attendance: During FY2024, Board met 9 times; Audit 10; Contract Review 5; Governance 4; Portfolio Management 7; Compliance 8; Closed-End Fund Committee 1; each Trustee attended at least 75% of meetings; none attended the 2024 Annual Meeting of Shareholders .
| Committee | Role | FY2024 Meetings | Notes |
|---|---|---|---|
| Audit | Member | 10 | Chair is Wennerholm; Gorman and Wennerholm designated “audit committee financial experts” |
| Contract Review | Member | 5 | Reviews service provider contracts and conflicts (including Eaton Vance affiliates) |
| Compliance Reports & Regulatory Matters | Member | 8 | Liaison to CCO; acts as “qualified legal compliance committee” |
| Governance | Member | 4 | Oversees board structure, membership, nominations, and Trustee compensation |
| Closed-End Fund Committee | Chairperson | 1 (predecessor Ad Hoc met 10) | Focus on secondary trading, capital structure, distributions for EV Closed-End Funds |
Board structure: ten noninterested Trustees; six committees; noninterested Chairperson of the Board (George J. Gorman) .
Fixed Compensation
- Trustee fee schedule (FY2024 calendar year basis; adopted by Boards): annual retainer $325,000; committee service $82,500; $15,000 for serving on ≥4 committees; $35,000 for serving as a Committee Chair; plus out-of-pocket expenses .
- Closed-End Fund Committee chair is eligible for the $35,000 chair retainer under the schedule; Quinton serves as Chairperson of that Committee .
- Fund-level compensation (pro rata by fund net assets) shown below for EXG and other funds in the complex.
| Metric | FY2022 (FY ended 10/31/21) | FY2023 (FY ended 10/31/22) | FY2024 (FY ended 10/31/23) | FY2025 (FY ended 10/31/24) |
|---|---|---|---|---|
| EXG Trustee Compensation to Quinton (USD) | $9,775 | $9,783 | $10,422 | $10,404 |
| Total Compensation from EV Fund Complex to Quinton (USD) | $348,179 | $391,051 | $407,500 | $420,000 |
| Fee Schedule Component (Calendar 2024) | Amount (USD) |
|---|---|
| Annual retainer | $325,000 |
| Committee service retainer | $82,500 |
| Additional retainer for serving on ≥4 committees | $15,000 |
| Committee Chair retainer | $35,000 |
| Chairperson of noninterested Trustees | $150,000 (not applicable to Quinton) |
Trustee fee deferrals: Noninterested Trustees may elect to defer fees into Eaton Vance funds under a Deferred Compensation Plan; no pension or retirement plan exists for Trustees .
Performance Compensation
| Component | Status | Notes |
|---|---|---|
| Performance-based cash bonus | None disclosed | Trustee pay is retainer-based; no bonus metrics specified |
| Equity awards (RSUs/PSUs/options) | None disclosed | No equity grants; Trustees may defer fees notionally into funds |
| Performance metrics (TSR/EBITDA/ESG) | Not applicable | Trustee compensation structure does not include performance metrics |
Other Directorships & Interlocks
| Company/Entity | Role | Current/Prior | Interlocks/Conflicts |
|---|---|---|---|
| New Hampshire Municipal Bond Bank | Director; Chairman | Prior (Director 2016–2021; Chair 2019–2021) | None disclosed with EXG operations |
| New Hampshire Retirement System | Independent Investment Committee Member | Prior (2017–2021) | None disclosed with EXG operations |
| Public company boards (current) | — | None disclosed | — |
Expertise & Qualifications
- Quantitative investment expertise from senior roles at Fidelity; prior quantitative research roles across multiple investment firms (Putnam, Santander, MFS, etc.) noted in earlier proxy summary for EV funds, reinforcing analytical skillset relevant to portfolio oversight .
- Governance experience chairing a municipal bond financing entity and serving on a public pension investment committee .
Equity Ownership
- Beneficial ownership in EXG (dollar range): $50,001–$100,000 as of May 27, 2025 .
- Beneficial ownership in other EV funds: over $100,000 in EFR, ETG, EVT as of May 27, 2025 .
- Aggregate range of equity securities beneficially owned across EV family of funds: over $100,000 .
- Trustees and executive officers, individually and as a group, owned beneficially less than 1% of the outstanding shares of each Fund as of May 27, 2025 .
| Holding | Dollar Range | As-of Date |
|---|---|---|
| EXG | $50,001–$100,000 | May 27, 2025 |
| EFR | Over $100,000 | May 27, 2025 |
| ETG | Over $100,000 | May 27, 2025 |
| EVT | Over $100,000 | May 27, 2025 |
| Group ownership (% of shares outstanding) | <1% (Trustees and officers collectively) | May 27, 2025 |
Governance Assessment
- Strengths: Independent status; broad committee engagement including Audit and Compliance; chairing the Closed-End Fund Committee signals active oversight of market-structure and distribution policies; consistent beneficial ownership in EXG and other EV funds aligns interests with shareholders .
- Compensation alignment: Retainer-based, transparent schedule; modest fund-level fees suggest low risk of pay-driven conflicts; eligibility for chair retainer is tied to governance responsibilities rather than performance targets .
- Engagement/attendance: Meets minimum threshold (≥75%); however, non-attendance at the 2024 Annual Meeting (along with other Trustees) is noted—common for fund boards but may be viewed negatively by some investors .
- Conflicts/related-party exposure: Contract Review Committee explicitly oversees service provider conflicts; no related-party transactions or pledging/hedging disclosures identified for Quinton—no RED FLAGS disclosed .
- Succession/tenure risk: Term expiring 2026; retirement policy requires noninterested Trustees to retire by July 1 following 76th birthday or by December 31 of the 20th year of service (with SEC compliance caveat), offering structured turnover .
RED FLAGS: None disclosed regarding related-party transactions, hedging/pledging, legal proceedings, or compensation anomalies for Quinton .