Amy Lancellotta
About Amy B. R. Lancellotta
Amy B. R. Lancellotta is an independent Board Member of Nuveen Multi-Market Income Fund (JMM), serving since 2021. She was born in 1959 and holds a B.A. from Pennsylvania State University (1981) and a J.D. from George Washington University Law School (1984). Her 30-year career at the Investment Company Institute (ICI) included serving as Managing Director of the Independent Directors Council (IDC) from 2006–2019, advising on fund governance, education, and policy for independent fund directors—credentials directly relevant to board effectiveness and oversight. She is standing as a Class II Board Member with a term through the 2026 annual meeting for JMM and related funds in the complex .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Independent Directors Council (IDC), part of ICI | Managing Director | 2006–2019 | Led education, communication, governance and policy initiatives for independent fund directors; advised on fund governance and director responsibilities . |
| Investment Company Institute (ICI) | Various positions | 1989–2006 | Regulatory and governance work supporting investment companies and fund shareholders . |
| Washington, D.C. law firms (two) | Associate | Pre-1989 | Legal practice prior to joining ICI . |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Jewish Coalition Against Domestic Abuse (JCADA) | President; Director | President since 2023; Director since 2020 | Non-profit governance role; no public company interlocks disclosed . |
Board Governance
| Governance Aspect | Details |
|---|---|
| Independence status | Listed among Board Members who are not “interested persons” (Independent) ; Audit Committee composed entirely of Independent Board Members . |
| Years of service | Since 2021 . |
| Class/Term | Class II Board Member; term through 2026 annual meeting (for JMM and other funds as noted) . |
| Attendance | Each Board Member attended at least 75% of Board and relevant committee meetings during the last fiscal year . |
| Portfolios overseen | 218 portfolios across the Nuveen fund complex . |
| Committee memberships | - Investment Committee: Co-Chair (with Joseph A. Boateng for most funds) - Audit Committee: Member - Nominating & Governance Committee: Member - Dividend Committee: Member |
| Other committees | Not listed as a member of the Executive Committee or Closed-End Fund Committee in the committee rosters provided . |
| Audit Committee financial expert designation | Board-designated financial experts are Moschner, Nelson, Starr, and Young (Lancellotta is not listed among designated “audit committee financial experts”) . |
Fixed Compensation
| Component | JMM (Multi-Market Income) | Total across Fund Complex |
|---|---|---|
| Aggregate compensation (most recent fiscal year) | $273 | $469,250 |
The proxy discloses per-fund aggregate compensation and a total amount across the fund complex for Independent Board Members. The table does not include line items for equity or option awards .
Performance Compensation
| Metric/Structure | Disclosure (most recent fiscal year) |
|---|---|
| Equity (RSUs/PSUs), options, performance metrics, vesting details | Not disclosed in the director compensation table; presentation is aggregate cash compensation by fund and total across complex . |
Other Directorships & Interlocks
| Company/Organization | Type | Role | Committee Roles |
|---|---|---|---|
| JCADA | Non-profit | President; Director | Not specified |
No other public company directorships were disclosed for Lancellotta in the proxy .
Expertise & Qualifications
- Fund governance leader: Former Managing Director of IDC (ICI), advising independent directors on governance and policy; extensive experience in regulatory and industry initiatives impacting funds and their shareholders .
- Legal training: J.D. (1984), adds compliance and oversight rigor to Audit and Nominating & Governance Committee work .
- Breadth of oversight: Co-Chair of the Investment Committee overseeing performance and risk; 218 portfolios overseen across the fund complex .
Equity Ownership
| Measure | JMM (Multi-Market Income) | Aggregate across Family of Investment Companies |
|---|---|---|
| Dollar range of equity securities (as of Dec 31, 2024) | $0 | Over $100,000 |
Ownership alignment note: While Lancellotta reports $0 holdings in JMM specifically, she reports “Over $100,000” in aggregate across the fund family overseen .
Governance Assessment
- Strengths: Independent director with deep fund governance expertise; Co-Chair of the Investment Committee (a critical oversight role for fund performance and risk); active across Audit and Nominating & Governance; attendance compliance (≥75%) supports engagement; extensive complex-level oversight (218 portfolios) suggests significant governance capacity .
- Alignment considerations: Reports $0 dollar range in JMM, though aggregate family holdings exceed $100,000; investors may view fund-specific ownership as a stronger alignment signal for JMM itself .
- Committee balance: Service on Audit, Dividend, and Nominating & Governance complements her Investment Committee co-chair role; not listed on Executive or Closed-End Fund Committees, which centralize certain decision rights (e.g., between-meeting actions; premium/discount strategy workshops), but her Investment Committee leadership is a meaningful influence point .
- Technical designation: Not among the Board’s designated “audit committee financial experts,” though she serves on Audit; this is not a deficiency per se but clarifies expertise distribution on the committee (experts designated are Moschner, Nelson, Starr, and Young) .