Janey Ahn
About Janey Ahn
Janey Ahn serves as Secretary of BlackRock MuniHoldings Fund, Inc. (MHD) and is a Managing Director of BlackRock, Inc. since 2018; her year of birth is 1975, and she has served as Secretary for the Funds since at least 2019, per the latest proxy disclosures . Earlier proxies listed her as Secretary since 2012, indicating a long tenure in fund governance roles . Officers (other than the Chief Compliance Officer) receive no compensation from the Funds; therefore, fund-level pay-for-performance metrics and incentives for Ahn are not disclosed or applicable at MHD .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BlackRock, Inc. | Managing Director | 2018–present | Senior leadership role supporting governance and regulatory filings for BlackRock-advised closed-end funds |
| BlackRock, Inc. | Director | 2009–2017 | Mid-to-senior leadership contributing to fund administration prior to promotion to Managing Director |
| BlackRock MuniHoldings Fund, Inc. (MHD) | Secretary | Since 2019 | Oversees corporate secretary functions, SEC compliance and execution of Board/Shareholder documentation |
| BlackRock MuniHoldings Fund, Inc. (MHD) | Secretary | Since 2012 (earlier proxy) | Demonstrates long-standing continuity in governance roles (earlier period reflected in prior proxy) |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BlackRock ETF Trust | Secretary | Active in recent filings (2024–2025) | Certifies prospectus filings; supports product governance and regulatory compliance |
| BlackRock Municipal Credit Alpha Portfolio, Inc. | Secretary | Active in 2025 | Executes repurchase offer notices; supports interval fund shareholder processes |
| Multiple BlackRock municipal closed-end funds (multi-fund proxies) | Secretary of the Funds | Active (2020–2025) | Coordinates joint proxy processes and shareholder communications across funds |
Fixed Compensation
Executive officers (other than the Chief Compliance Officer) receive no compensation from the Funds; the Acquiring Fund compensates the CCO .
| Component | Disclosure |
|---|---|
| Base salary | Not paid by MHD; officers receive no compensation from the Funds |
| Target bonus % | Not paid by MHD; officers receive no compensation from the Funds |
| Actual bonus paid | Not paid by MHD; officers receive no compensation from the Funds |
| Stock awards (RSUs, PSUs) | Not paid/granted by MHD to executive officers |
| Option awards | Not paid/granted by MHD to executive officers |
| Perquisites | Not disclosed; officers receive no compensation from the Funds |
| Pension/SERP | Not disclosed at fund level for officers |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable at fund level | — | — | — | — | — |
| Note: Fund-level documents state executive officers (other than CCO) receive no compensation from the Funds; no performance plan or vesting tied to MHD is disclosed for Ahn . |
Equity Ownership & Alignment
- Beneficial ownership: The MHD proxy focuses on directors and major holders; officer-by-officer beneficial ownership for MHD is not disclosed in the cited sections .
- Insider activity: Over the past 18 months, Janey Ahn reported no Form 4 insider transactions in MHD per GuruFocus’ tracker . Fintel’s roster lists “Janey Ahn, 0,” indicating no reported holdings on its platform for MHD .
- Pledging/hedging: No officer-level pledging or hedging disclosures were found in MHD’s 2025 proxy excerpts reviewed; policy text in investment restrictions applies to fund assets, not officer stock pledging .
Employment Terms
| Item | Disclosure |
|---|---|
| Employment start date (MHD Secretary) | Secretary since 2019 per latest proxy ; prior proxy listed since 2012 |
| Role status | Officers serve at the pleasure of the Board |
| Contract term length | Not disclosed at fund level |
| Severance provisions | Not disclosed at fund level; no fund-level severance terms for officers referenced in reviewed sections |
| Change-of-control economics | Not disclosed for officers; proxies include Reorganization agreements but not individual officer CIC terms |
| Clawback provisions | Not disclosed at fund level for officers in reviewed sections |
| Ownership guidelines | Not disclosed at fund level for officers in reviewed sections |
| Address | c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001 |
Additional Governance and Filing Evidence
- Ahn frequently signs and attests SEC filings as Secretary, including Form 8-Ks and charter amendments, evidencing her central administrative role:
- 8-K (Standstill Agreement) signed by Ahn as Secretary, Jan 21, 2025 ; notice section addresses “Attention: Janey Ahn, Secretary” .
- 8-K (Bylaws/Exhibits) signed by Ahn as Secretary, Nov 2, 2021 .
- Proxy appendices for charter amendments list Ahn as “ATTEST: Secretary” .
Investment Implications
- Compensation alignment levers at the fund level are not applicable to Ahn: MHD does not compensate executive officers (other than CCO), so there are no salary/bonus/equity metrics, vesting schedules, clawbacks, or CIC provisions to signal pay-for-performance or retention risk tied to MHD .
- Insider selling pressure/trading signals from Ahn appear minimal: third-party trackers show no Form 4 activity for MHD over the past 18 months, reducing concerns about near-term selling pressure from this officer .
- Governance/activism environment is relevant to fund trading dynamics: MHD’s January 2025 Standstill Agreement highlights active shareholder engagement (e.g., Saba), which can impact discount-to-NAV and corporate actions; Ahn’s role centers on execution of these agreements rather than investment decision-making .
- Overall, Ahn’s profile signals administrative stability and continuity rather than direct performance or trading catalysts; investors should focus on fund-level strategy, discount/NAV dynamics, leverage structures, and activism outcomes for trading decisions, not officer-level incentives at MHD .