Marc Cardella
Vice President and Controller (Principal Financial Officer) at Nuveen Global High Income Fund
Executive
About Marc Cardella
Marc Cardella serves as Vice President and Controller (Principal Financial Officer) of Nuveen Global High Income Fund (JGH). His term is indefinite and he has served since 2024; his year of birth is 1984 . Officers of the Nuveen funds receive no compensation from the funds; the CCO is compensated by the adviser, with the funds reimbursing an allocable portion of the adviser’s CCO incentive compensation . As of February 18, 2025, executive officers and Board Members as a group beneficially owned less than 1% of the outstanding shares of each fund .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Senior Managing Director; Head of Public Investment Finance | Past 5 years (as disclosed) | Senior leadership overseeing public investment finance across Nuveen’s fund complex |
| Teachers Advisors, LLC | Senior Managing Director | Past 5 years (as disclosed) | Senior leadership at TIAA-affiliated adviser supporting fund operations and finance |
| TIAA-CREF Investment Management, LLC | Senior Managing Director | Past 5 years (as disclosed) | Senior role within TIAA investment management, aligned with fund finance and oversight |
| Teachers Insurance and Annuity Association of America | Managing Director | Past 5 years (as disclosed) | Managing Director role supporting insurance and investment operations tied to the fund complex |
| TIAA SMA Strategies LLC | Managing Director | Past 5 years (as disclosed) | Managing Director for separately managed account strategies |
External Roles
| Organization | Role | Years | Scope |
|---|---|---|---|
| TIAA Separate Account VA-1 | Principal Financial Officer, Principal Accounting Officer, Treasurer | Past 5 years (as disclosed) | Senior finance officer roles for TIAA insurance separate account |
| College Retirement Equities Fund (CREF) | Principal Financial Officer, Principal Accounting Officer, Treasurer | Past 5 years (as disclosed) | Senior finance officer roles for CREF, a large retirement investment vehicle |
Fixed Compensation
| Component | Disclosure |
|---|---|
| Base Salary | Not disclosed in JGH proxy; officers receive no compensation from the funds |
| Target Bonus % | Not disclosed in JGH proxy; officers receive no compensation from the funds |
| Actual Bonus Paid | Not disclosed in JGH proxy; officers receive no compensation from the funds |
| CCO Compensation (reference only) | Paid by the Adviser; funds reimburse an allocable portion of the adviser’s CCO incentive compensation |
The proxy does not disclose adviser-level compensation details for Marc Cardella (e.g., base, bonus, incentives) .
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed | — | — | — | — | — |
The proxy does not disclose performance metrics or incentive plan terms applicable to fund officers (including RSUs/PSUs/options, targets, or vesting schedules) .
Equity Ownership & Alignment
| Item | Value | Date/Notes |
|---|---|---|
| Individual beneficial ownership (Marc Cardella) | Not individually disclosed | Beneficial ownership for officers is reported in aggregate, not by individual |
| Group beneficial ownership (Board Members and officers) in JGH | 16,475 shares | As of December 31, 2024, shown in Appendix A “Fund Shares Owned by Board Members and Officers” |
| Ownership as % of shares outstanding | <1% (each Board Member; group also <1%) | As of February 18, 2025, individual Board Members and the group owned less than 1% of each fund’s shares |
| Vested vs. unvested shares | Not disclosed | No breakdown provided in proxy |
| Shares pledged as collateral | Not disclosed | No pledging disclosures for officers in proxy |
| Stock ownership guidelines (officers) | Not disclosed | Board member ranges shown; officer ownership guidelines not disclosed |
Employment Terms
| Term | Detail |
|---|---|
| Title | Vice President and Controller (Principal Financial Officer) |
| Term of Office | Indefinite; officers elected annually by the Board to serve until successors are elected and qualified |
| Length of Time Served | Since 2024 |
| Compensation by Fund | Officers receive no compensation from the funds |
| Contract term/expiration | Not disclosed; fund officers are elected annually, no fixed-term contract disclosed |
| Severance / Change-of-control | Not disclosed for officers in fund proxy |
| Non-compete / Non-solicit / Garden leave | Not disclosed |
| Clawback / Tax gross-ups | Not disclosed |
Investment Implications
- Compensation alignment: Because fund officers receive no compensation from JGH, pay-for-performance analysis at the fund level is not applicable; adviser-level compensation details for Cardella are not disclosed in the proxy, limiting visibility into incentive structures and performance metrics .
- Ownership alignment: Officer and Board Member ownership in JGH is de minimis (<1%), with 16,475 shares owned in aggregate as of year-end 2024, indicating limited direct fund-level “skin in the game” by the leadership group .
- Retention and contract risk: Officers are elected annually with indefinite terms and no fund-level employment contracts or severance/change-of-control terms disclosed, suggesting flexibility for the Board but providing limited insight into retention incentives at the adviser level .
- Trading signals: Absence of disclosed equity awards, vesting schedules, or insider transactions in the proxy reduces ability to anticipate insider selling pressure or award-driven trading catalysts tied to Marc Cardella; consider monitoring Form 4 filings and adviser-level disclosures for additional signals (not provided in this proxy) .
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