Richard Villa
About Richard Villa
Richard M. Villa (born 1964) serves as Treasurer, Principal Financial Officer, and Principal Accounting Officer of TCW Strategic Income Fund, Inc. (TSI) . He is Executive Vice President, Chief Financial Officer, and Assistant Secretary at TCW LLC since January 2016, and holds CFO roles across The TCW Group, Inc., TCW Asset Management Company LLC, Metropolitan West Asset Management, LLC, and TCW Investment Management Company LLC with service dating back to July 2008 . As of the July 31 record dates in 2024 and 2025, he held no TSI shares beneficially . The proxy statements do not disclose company TSR, revenue growth, EBITDA growth, or executive performance metrics for pay-for-performance analysis .
Past Roles
| Organization | Role | Years | Strategic Impact/Scope |
|---|---|---|---|
| TCW LLC | Executive Vice President, Chief Financial Officer, Assistant Secretary | Since Jan 2016 | Senior finance leadership overseeing corporate finance and fund financial reporting across TCW |
| The TCW Group, Inc.; TCW Asset Management Company LLC; Metropolitan West Asset Management, LLC; TCW Investment Management Company LLC (the Advisor) | Executive Vice President, Chief Financial Officer | Since Jul 2008 | Group-wide CFO responsibilities across affiliated asset managers |
| TCW Asset Backed Finance Management Company LLC | Chairman, Executive Vice President, and Chief Financial Officer | Since Sep 2024 | Leadership and finance oversight for asset-backed finance management entity |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| TCW Funds, Inc. | Treasurer, Principal Financial Officer, Principal Accounting Officer | Since Feb 2014 | Officer capacity across TCW mutual fund complex |
| TCW Metropolitan West Funds | Treasurer, Principal Financial Officer, Principal Accounting Officer | Since Feb 2021 | Officer capacity across TCW mutual fund complex |
| TCW Private Asset Income Fund | Treasurer, Principal Financial Officer, Principal Accounting Officer | Since Sep 2024 | Officer capacity for affiliated closed-end fund |
| TCW ETF Trust | Treasurer, Principal Financial Officer, Principal Accounting Officer | Since Mar 2025 | Officer capacity across TCW ETF trust |
Fixed Compensation
Directors and officers employed by the Advisor or its affiliates receive no compensation or expense reimbursement from TSI. Consequently, no base salary, bonus, or perquisites are paid by TSI to Mr. Villa.
| Component | Company-Level Disclosure | Notes |
|---|---|---|
| Base salary | $0 from TSI | Officers employed by the Advisor receive no compensation from TSI |
| Target bonus % | Not disclosed in TSI proxy | Compensation is not paid by TSI; no executive bonus disclosure |
| Actual bonus paid | Not disclosed in TSI proxy | Compensation is not paid by TSI; no executive bonus disclosure |
| Perquisites | Not disclosed in TSI proxy | Compensation is not paid by TSI; no executive perquisite disclosure |
Performance Compensation
TSI does not disclose any performance-based compensation arrangements for executive officers, and officers employed by the Advisor receive no compensation from TSI.
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Company performance plans (TSI) | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed |
| Note | Officers employed by Advisor receive no compensation from TSI |
Equity Ownership & Alignment
| As-of Date | Shares Owned | Ownership % of Outstanding | Vested vs. Unvested | Options (Exercisable/Unexercisable) | Pledging/Hedging |
|---|---|---|---|---|---|
| Jul 31, 2024 | 0 | Not disclosed (individual level); Directors and officers as a group <1% | Not disclosed | Not disclosed | No pledging disclosure in proxy |
| Jul 31, 2025 | 0 | Not disclosed (individual level); Directors and officers as a group <1% | Not disclosed | Not disclosed | No pledging disclosure in proxy |
- TSI beneficial ownership tables explicitly show “Richard M. Villa – None” for shares held at both dates .
- The proxy provides no breakdown of vested/unvested shares, options, or hedging/pledging specifics for officers .
Employment Terms
| Item | Disclosure |
|---|---|
| Employment start date at TSI (Treasurer/PFO/PAO) | Officer roles are current; specific TSI start date not enumerated. Villa’s CFO roles at TCW LLC began Jan 2016; broader TCW affiliates since Jul 2008 . |
| Contract term/renewal | Not disclosed in proxy |
| Severance/change-of-control | Not disclosed in proxy |
| Clawback provisions | TSI adopted governance and compliance frameworks; specific executive clawbacks not disclosed in proxy |
| Code of Ethics | TSI has a Code of Ethics applicable to executive officers, directors, and employees; available on company website |
| Certifications | CEO/CFO certifications were filed with Form N-CSR for year ended Dec 31, 2024 (filed Mar 5, 2025) |
| NYSE governance compliance | Annual CEO certification submitted Oct 1, 2024; governance guidelines posted |
Investment Implications
- Pay-for-performance alignment within TSI is limited: Mr. Villa receives no cash compensation or equity from TSI, and the proxy does not disclose executive performance metrics or incentive structures tied to TSI outcomes .
- Skin-in-the-game is minimal at the fund level: Mr. Villa held no TSI shares as of both 2024 and 2025 record dates, and the proxy does not disclose options or unvested equity for officers, reducing direct alignment with TSI shareholders .
- Selling pressure and pledging risk appear low from Villa specifically: with zero TSI holdings reported and no pledging disclosures, near-term insider selling pressure from his account is unlikely, though the proxy does not provide hedging/pledging detail for officers .
- Retention and influence reside at the Advisor level: Villa’s tenure and CFO responsibilities across TCW affiliates (since 2008/2016) suggest stability in his finance leadership, but TSI does not disclose Advisor-level compensation, severance, or change-of-control terms that would inform retention risk or event-driven economics .
Net takeaway: For trading signals tied to insider incentives, Villa’s lack of fund-level pay and ownership means TSI-specific pay-for-performance triggers, vesting overhangs, or forced selling are not present. Focus monitoring on Advisor-level disclosures and fund governance updates (e.g., 8-Ks, board changes) rather than officer compensation dynamics at TSI .