Aaron Wasserman
About Aaron Wasserman
Aaron Wasserman (born 1974) is Chief Compliance Officer (CCO) of BlackRock MuniHoldings Fund, Inc. (MHD), serving since 2023; he is also Managing Director at BlackRock, Inc. since 2018 and previously served as Deputy Chief Compliance Officer for the BlackRock‑Advised funds across the Multi‑Asset, Fixed‑Income, and iShares Complexes from 2014 to 2023 . Executive officers of the Funds receive no compensation from the Funds except the CCO, who is compensated by the Acquiring Fund for his services as CCO . Officers serve at the pleasure of the Board, with address c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001 . Shareholders with concerns regarding accounting matters may address letters to the CCO at this address .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BlackRock‑Advised funds (Multi‑Asset, Fixed‑Income, iShares Complexes) | Deputy Chief Compliance Officer | 2014–2023 | Compliance leadership across BlackRock‑Advised fund complexes |
| BlackRock, Inc. | Managing Director | Since 2018 | Senior leadership within compliance/management functions |
External Roles
- No external directorships or board roles are disclosed for Aaron Wasserman in the MHD proxy’s “Information Pertaining to the Officers” section .
Fixed Compensation
- Executive officers receive no compensation from the Funds, with the exception of the CCO; the Acquiring Fund compensates the CCO for his services as CCO. Specific amounts for base salary, bonus, or other cash compensation are not provided in the proxy .
Performance Compensation
- The proxy does not disclose performance‑based compensation (e.g., RSUs/PSUs, options, or specific performance metrics tied to pay) for the CCO or other officers. No vesting schedules, grant dates, or payout metrics are provided for officers in the “Information Pertaining to the Officers” section .
Equity Ownership & Alignment
- The proxy section covering officers does not provide beneficial ownership details, stock ownership guidelines, pledging/hedging policies, or option holdings for the CCO or other officers; it notes only role and principal occupation histories. Officers (other than the CCO’s compensation arrangement) receive no compensation from the Funds, which suggests no equity award programs for officers at the fund level are disclosed in this filing .
Employment Terms
- Officers serve at the pleasure of the Board .
- Shareholders may address accounting concerns to the CCO at 50 Hudson Yards, New York, NY 10001; letters may be submitted on an anonymous basis .
Investment Implications
- Pay‑for‑performance alignment: With officers generally uncompensated by the Funds and no disclosed performance‑based equity awards for the CCO, there is limited direct linkage between officer compensation and fund market performance; no TSR/EBITDA/revenue‑tied metrics are disclosed for officer compensation .
- Insider selling pressure: Absence of disclosed equity awards or options for officers indicates low structural insider selling pressure tied to vesting cycles; no pledging or hedging disclosures are provided for officers in this proxy .
- Retention and governance: The CCO’s role spans compliance oversight, with service at the pleasure of the Board, and is compensated by the Fund; no severance, change‑of‑control, or clawback terms for officers are disclosed in the relevant proxy section, limiting visibility into retention economics or termination protections .
- Trading signals: Given the lack of disclosed officer equity incentives or performance‑metric‑linked pay, executive activity provides minimal directional trading signals for MHD; governance signals are primarily through compliance oversight and shareholder communication channels (e.g., accounting letters to CCO) rather than compensation mechanics .