Joseph T. Castro
About Joseph T. Castro
Joseph T. Castro (born 1964) serves as Vice President of Nuveen Global High Income Fund (JGH), with an indefinite term and service since 2025. He is Executive Vice President and Chief Risk and Compliance Officer at Nuveen, previously Senior Managing Director and Head of Compliance, and has held Senior Managing Director roles across Nuveen Fund Advisors, LLC, Nuveen Securities, LLC and Nuveen, LLC . The fund’s proxy does not disclose officer-specific TSR, revenue growth, or EBITDA growth metrics; officers serve without compensation from the Fund, with the CCO’s compensation paid by the Adviser and only an allocable portion of the CCO’s incentive compensation reimbursed by the Funds .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Executive Vice President, Chief Risk and Compliance Officer | Not disclosed | Enterprise risk and compliance leadership for Nuveen/TIAA fund complex . |
| Nuveen | Senior Managing Director and Head of Compliance | Not disclosed | Led compliance operations; governance oversight . |
| Nuveen Fund Advisors, LLC | Senior Managing Director | Not disclosed | Oversight within adviser to the Nuveen funds . |
| Nuveen Securities, LLC | Senior Managing Director | Not disclosed | Compliance/risk at broker-dealer affiliate . |
| Nuveen, LLC | Senior Managing Director | Not disclosed | Corporate compliance leadership . |
External Roles
- None disclosed in the JGH proxy for Joseph T. Castro .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Compensation from JGH | $0 | Officers of the Funds serve without compensation from the Funds . |
| Compensation Source | Not disclosed by individual (paid by Adviser) | The Funds’ CCO is paid by the Adviser; Funds reimburse only an allocable portion of CCO incentive compensation (Castro is VP; CCO role is held by Brett E. Black) . |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed | — | — | — | — | — |
The proxy provides no officer-specific annual or long-term incentive metrics, targets, outcomes, or vesting terms for Joseph T. Castro .
Equity Ownership & Alignment
| Item | Value | Notes |
|---|---|---|
| Individual beneficial ownership (JGH) | Not disclosed | Officers’ individual holdings are not itemized; Board and officers as a group hold less than 1% of each Fund . |
| Board + officers group holdings (JGH) | 16,475 shares | As of December 31, 2024 . |
| Shares outstanding (JGH common) | 23,177,392 | As of record date February 18, 2025 . |
| Group ownership % of JGH | ~0.07% | Derived from 16,475 / 23,177,392; individual officer ownership for Castro not disclosed . |
| Pledged shares | Not disclosed | No pledging disclosures for officers . |
| Hedging policy | Not disclosed | Not specified for officers in proxy . |
Employment Terms
| Item | Detail |
|---|---|
| Officer role at JGH | Vice President |
| Term length | Indefinite |
| Start of service | Since 2025 |
| Employer | Nuveen/TIAA complex; officers are not Fund employees |
| Severance / change-of-control | Not disclosed in proxy |
| Non-compete / non-solicit | Not disclosed in proxy |
| Clawback provisions | Not disclosed in proxy |
Performance & Track Record
- Role focus: compliance and risk oversight across the Nuveen/TIAA fund complex; the Board’s Compliance, Risk Management and Regulatory Oversight Committee meets quarterly and receives reports from the Funds’ CCO, underscoring the emphasis on regulatory and operational risk controls .
- Section 16 compliance: The Fund believes its Board Members and officers complied with applicable Section 16(a) filing requirements during the last fiscal year and the previous fiscal year .
- Stock/fund performance during his tenure and executive-specific achievements are not disclosed in the proxy .
Board Governance (context for officer’s domain)
- Compliance Committee remit includes oversight of investment-related risks (liquidity, derivatives, leverage), operational risks, and controls across TIAA/Nuveen enterprise; quarterly private sessions with the CCO and annual reporting to the full Board .
- Board structure is unitary across the Nuveen fund complex, enhancing consistent compliance and risk oversight .
Investment Implications
- Pay-for-performance visibility is low: Officer compensation is paid by the Adviser, with no Fund-level officer pay disclosure; thus, direct alignment via Fund-paid incentives is limited and investor analysis must rely on governance and risk frameworks rather than compensation levers .
- Selling pressure signals are muted at the Fund level: Officers receive no Fund compensation, and individual officer ownership is not disclosed; the Board/officers group owns ~0.07% of JGH, suggesting minimal direct insider selling pressure from Fund officers .
- Retention/contract risk appears low on Fund optics: Officer term is indefinite; severance and change-of-control terms are not disclosed in the proxy, consistent with investment company structures where officers are employed by the Adviser .
- Governance quality: Regular Compliance Committee oversight and Section 16(a) compliance indicate disciplined governance processes—supportive of operational integrity, albeit not a direct trading catalyst .