Kevin J. McCarthy
About Kevin J. McCarthy
Kevin J. McCarthy serves as Vice President and Assistant Secretary of Nuveen Municipal Value Fund (NUV) and has held officer roles within the Nuveen fund complex since 2007; his year of birth is 1966 . His principal occupations include Executive Vice President, Secretary and General Counsel roles across Nuveen Investments and affiliated entities (Nuveen Securities, Nuveen Fund Advisors, Nuveen Asset Management, Teachers Advisors/TIAA-CREF Investment Management, and Nuveen Alternative Investments), indicating a legal and corporate governance leadership remit across the platform . Officers receive no compensation from the Funds, and the proxy does not link his compensation to NUV’s TSR, revenue, or EBITDA performance metrics .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| NWQ Investment Management Company, LLC | Vice President; Secretary | Vice President (2007–2021); Secretary (2016–2021) | Legal/secretarial governance across Nuveen/TIAA affiliates |
| Santa Barbara Asset Management, LLC | Vice President; Secretary | Vice President (2007–2021); Secretary (2016–2021) | Legal/secretarial governance across Nuveen/TIAA affiliates |
| Nuveen Investments, Inc. | Executive Vice President; Secretary; General Counsel | EVP (since 2022); Secretary & General Counsel (since 2016) | Enterprise legal leadership, corporate secretary responsibilities |
| Nuveen Securities, LLC | Executive Vice President; Assistant Secretary | EVP (since 2023); Assistant Secretary (since 2008) | Legal and corporate governance support |
| Nuveen Fund Advisors, LLC | Executive Vice President; Assistant Secretary | EVP & Assistant Secretary (since 2023) | Legal and governance for adviser entity |
| Nuveen Asset Management, LLC | Executive Vice President; Secretary | EVP (since 2023); Secretary (since 2016) | Legal leadership and governance for asset mgmt unit |
| Nuveen Alternative Investments, LLC | Executive Vice President; Secretary | EVP (since 2023); Secretary (since 2016) | Legal leadership and governance for alternatives platform |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Winslow Capital Management, LLC | Vice President; Secretary | Since 2010 | Affiliated entity; corporate secretarial duties |
| Teachers Advisors, LLC / TIAA‑CREF Investment Management, LLC | Executive Vice President; General Counsel; Secretary | Various roles since at least 2016 | Legal leadership across TIAA/Teachers Advisors investment units |
Fixed Compensation
- Officers receive no compensation from the Funds; compensation for officers is paid by Nuveen/TIAA affiliates and is not disclosed in NUV’s proxy statement. Therefore base salary, target bonus, actual bonus, or equity award values for Mr. McCarthy are not available in fund filings .
Performance Compensation
- The proxy statement does not disclose any pay-for-performance metrics (e.g., revenue growth, EBITDA, TSR), incentive plan weightings, payout outcomes, or vesting schedules for Mr. McCarthy in relation to NUV. No RSU/PSU/option awards or performance targets are reported for fund officers in the filing .
Equity Ownership & Alignment
| Metric | As of May 31, 2024 |
|---|---|
| All Board Members/Nominees and Officers as a Group – NUV shares owned | 0 |
- Section 16(a)/1940 Act Section 30(h) filings: the Funds state Board Members, officers, the Adviser and affiliated persons complied with applicable Section 16(a) filing requirements in the prior fiscal years; no delinquent filings noted .
Employment Terms
| Item | Disclosure |
|---|---|
| Officer role and tenure | Vice President and Assistant Secretary; officer since 2007 |
| Term of office | Indefinite; officers elected annually by the Board to serve until successors are elected and qualified |
| Compensation from Fund | None; officers receive no compensation from the Funds |
Investment Implications
- Pay-for-performance alignment to NUV is limited: Fund officers, including Mr. McCarthy, receive no compensation from the Funds, and the proxy does not present incentives linked to NUV’s TSR or operating metrics .
- Insider selling pressure and ownership alignment appear minimal at the fund level: beneficial ownership in NUV by Board Members and officers as a group is disclosed as zero as of May 31, 2024, implying little direct fund equity exposure among insiders .
- Role-focused impact: Mr. McCarthy’s responsibilities are legal, corporate secretary and governance across Nuveen/TIAA affiliates rather than portfolio management for NUV; compensation, retention terms, and equity programs (if any) would be governed by Nuveen/TIAA policies outside the Fund’s proxy scope and are not disclosed here .