Brett E. Black
About Brett E. Black
Brett E. Black serves as Vice President and Chief Compliance Officer (CCO) of Nuveen Global High Income Fund (JGH) with an indefinite term and length of service since 2022. He is a Managing Director and the Chief Compliance Officer of Nuveen; previously, he served as Vice President (2014–2022), Chief Compliance Officer and Anti‑Money Laundering Compliance Officer (2017–2022) of BMO Funds, Inc. Year of birth: 1972. The Fund’s proxy explicitly states officers receive no compensation from the Funds; no officer performance metrics (e.g., TSR, revenue/EBITDA growth) are disclosed or used for pay at the Fund level .
Past Roles
| Organization | Role | Years | Strategic impact / scope |
|---|---|---|---|
| BMO Funds, Inc. | Vice President | 2014–2022 | Senior compliance leadership at fund complex (CCO/AML responsibilities) |
| BMO Funds, Inc. | Chief Compliance Officer; Anti‑Money Laundering Compliance Officer | 2017–2022 | Oversight of compliance and AML programs |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Nuveen | Managing Director; Chief Compliance Officer | Not disclosed in filing (listed as current within past 5 years) | Listed as current principal occupation in JGH’s registration/proxy materials |
Fixed Compensation
- Officers receive no compensation from the Fund; accordingly, base salary, target bonus, and cash compensation for Mr. Black are not disclosed in JGH filings (comp is paid by Nuveen/TIAA affiliates and not reported at the Fund level) .
Performance Compensation
- No equity or cash incentive plans (RSUs/PSUs/options), performance metrics, or payouts for officers are disclosed at the Fund level; the Fund does not report officer‑specific performance goals (e.g., revenue growth, EBITDA, TSR) or incentive weightings .
Equity Ownership & Alignment
- Section 16 filings reviewed within JGH’s EDGAR set show recent Form 3 activity for other officers (e.g., VP & Treasurer Page R. Tanner) with “No securities are beneficially owned,” but no Forms 3/4 were located referencing “Brett E. Black” in the JGH document set searched. We searched for “Brett E. Black” + (Form 3/Form 4/beneficial/ownership) across JGH filings and found only officer rosters, not ownership forms referencing him .
- The filings do not disclose Mr. Black’s JGH share ownership (direct/indirect), pledged shares, or compliance with ownership guidelines; no pledging or hedging disclosures specific to Mr. Black were found in JGH filings reviewed .
Search note: We queried JGH filings for “Brett E. Black” with Form 3/4/beneficial ownership terms and did not retrieve any ownership forms naming him; available officer listings confirm his role but do not include ownership details .
Employment Terms
- Officer term: Indefinite; elected by the Board on an annual basis; length of service at JGH: since 2022 .
- Reporting and oversight: The Board’s Compliance, Risk Management and Regulatory Oversight Committee meets quarterly; the CCO provides written/oral reports to the committee and an annual report to the full Board, and meets privately with the committee each quarter .
- Indemnification: JGH’s Declaration of Trust provides broad indemnification to Trustees, officers, employees, and agents to the fullest extent permitted by law, subject to exceptions; Code of Ethics references for Nuveen and Independent Trustees are incorporated by reference .
- No disclosures were found for Mr. Black’s severance, change‑of‑control terms, non‑compete/non‑solicit, garden leave, clawbacks, tax gross‑ups, or deferred compensation at the Fund level (officer compensation is not provided by the Fund) .
Investment Implications
- Alignment and selling pressure: With no Fund‑level officer compensation or equity awards reported, there are no disclosed vesting schedules or JGH‑linked insider equity that could create near‑term selling pressure; we also did not locate Forms 3/4 for Mr. Black in JGH, limiting visibility into any personal share ownership or pledging .
- Retention risk: Employment terms (severance/CoC) are not disclosed at the Fund level; Mr. Black’s compensation and employment arrangements reside with Nuveen/TIAA affiliates, so retention economics cannot be assessed from JGH filings .
- Governance and execution: The CCO’s structured quarterly/annual reporting cadence to the Compliance Committee suggests robust oversight of compliance and risk processes—generally supportive for operational risk control in a closed‑end fund setting .
- Trading signals: Absent insider ownership/transactions and Fund‑level performance‑linked pay, there are limited direct trading signals tied to Mr. Black; monitoring future Section 16 filings and any Fund disclosures that name him would improve visibility .