Kevin McCarthy
About Kevin McCarthy
Kevin J. McCarthy serves as Vice President and Assistant Secretary of Nuveen Select Maturities Municipal Fund (NIM) and has held officer roles across the Nuveen/TIAA complex since 2007; his birth year is 1966 and his term of office with the fund is indefinite . He is Secretary and General Counsel of Nuveen, a member of the executive leadership team, and previously a Partner at Bell, Boyd & Lloyd LLP; he holds a B.B.A. in Accounting from Notre Dame and a J.D. from the University of Illinois College of Law . Officers of NIM receive no compensation from the fund and are elected annually by the Board to serve until successors are elected and qualified . Performance metrics such as TSR, revenue, or EBITDA growth are not disclosed at the executive-officer level for NIM’s closed-end fund structure.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen Investments, Inc. | Executive Vice President; Secretary and General Counsel | EVP since 2022; Secretary/GC since 2016 | Leads legal function supporting Nuveen’s expansion, product development, and fund board relations . |
| Nuveen Securities, LLC | Executive Vice President; Assistant Secretary | EVP since 2023; Assistant Secretary since 2008 | Legal leadership across distribution entities; governance and regulatory oversight . |
| Nuveen Fund Advisors, LLC | Executive Vice President; Assistant Secretary | EVP since 2023; prior Senior Managing Director 2017–2023; Secretary 2016–2023; Co‑General Counsel 2011–2020 | Governance and legal oversight of fund advisory; board consolidation and complex-wide alignment . |
| Nuveen Asset Management, LLC | Executive Vice President; Secretary | EVP and Secretary since 2016; prior Senior Managing Director 2017–2023; Associate General Counsel 2011–2020 | Legal stewardship for asset management entities; fund operations support . |
| NWQ Investment Management Company, LLC | Vice President; Secretary | VP 2007–2021; Secretary 2016–2021 | Affiliate governance and legal operations within Nuveen complex . |
| Santa Barbara Asset Management, LLC | Vice President; Secretary | VP 2007–2021; Secretary 2016–2021 | Affiliate governance and legal operations within Nuveen complex . |
| Winslow Capital Management, LLC | Vice President and Secretary | Since 2010 | Fund complex officer roles and affiliate governance . |
| Bell, Boyd & Lloyd LLP | Partner | Pre‑2007 | Represented mutual fund complexes (including Nuveen) and independent fund boards; M&A and securities law focus . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Ann & Robert H. Lurie Children’s Hospital | Board Member | Current | Community leadership; governance in non-profit healthcare . |
Fixed Compensation
- Officers receive no compensation from NIM; officer compensation is not paid or disclosed at the fund level .
- Officers are elected annually by the Board and serve until successors are elected and qualified .
Performance Compensation
- Not applicable at the fund level; NIM’s proxy states officers receive no fund-level compensation and includes no performance metrics or equity award details for officers .
Equity Ownership & Alignment
| Metric | As of | Value/Detail |
|---|---|---|
| Officers as a group NIM shares owned | May 31, 2025 | 0 shares of Select Maturities (NIM) reported for board members and officers as a group in the fund-specific table . |
| Independent Board Members dollar range of equity in NIM | May 31, 2025 | $0 for Select Maturities across listed independent board nominees (individual rows all $0) . |
| Individual officer ownership detail (Kevin J. McCarthy) | May 31, 2025 | Not separately disclosed; only aggregate “officers as a group” ownership appears in proxy . |
- Pledging/hedging policies and stock ownership guidelines for officers are not disclosed in NIM’s proxy .
Employment Terms
| Item | Disclosure |
|---|---|
| Position(s) Held with Fund | Vice President and Assistant Secretary . |
| Term of Office | Indefinite . |
| Length of Time Served | Since 2007 (officer of Funds in Nuveen complex) . |
| Election & Tenure | Officers elected annually by the Board; serve until successors are elected and qualified . |
| Fund-Level Compensation | Officers receive no compensation from the Funds . |
| Proxy Authorization Role | Named as proxy holder on shareholder proxy cards for annual meetings (e.g., Aug 8, 2024; Aug 14, 2025), indicating trusted role in fund governance process . |
Additional Notes on Filings and Trading
- Item 5.02 board consolidation disclosure (Oct 13, 2023) does not include executive compensation terms for fund officers; it addresses board membership alignment across the Nuveen/TIAA fund complex .
- A targeted EDGAR search within NIM’s catalog did not return Form 3/4 filings referencing Kevin J. McCarthy; insider transactions/vesting schedules for NIM were not found in available fund filings [Search: Form 3] (no matches). This suggests limited to no direct insider trading disclosures at the fund level for this officer based on available records.
Investment Implications
- Pay-for-performance alignment at the fund level is structurally limited: officers receive no compensation from NIM, and no performance-based awards or metrics are disclosed, so executive incentives are driven by Nuveen/TIAA corporate frameworks rather than fund-specific KPIs .
- Skin-in-the-game appears minimal at the fund level: independent board nominees show $0 dollar range for NIM, and the aggregated board/officer group shows 0 NIM shares, indicating low direct fund ownership alignment; monitor whether broader Nuveen/TIAA equity exposure creates indirect alignment .
- Retention risk for NIM operations tied more to Nuveen corporate roles: McCarthy’s long tenure (since 2007) and senior legal leadership indicate stability; any change would likely be disclosed via Item 5.02 8-Ks across the complex rather than fund-specific agreements (no severance/CIC terms are disclosed at the fund level) .
- Trading signals are limited: absence of Form 3/4 referencing this officer within NIM’s catalog and lack of vesting schedules reduce near-term insider-selling pressure indicators; governance continuity is reinforced by his recurring role as named proxy holder .
- Focus monitoring on Nuveen/TIAA-level disclosures (corporate proxies or press) for any changes to compensation design, ownership guidelines, clawbacks, or hedging/pledging policies that could influence behavior across the fund complex, as NIM does not report officer compensation or awards directly .