Kevin M. Gleason
Vice President and Chief Compliance Officer at NYLI MacKay DefinedTerm Muni Opportunities Fund
Executive
About Kevin M. Gleason
Kevin M. Gleason (born 1967) serves as Vice President and Chief Compliance Officer (CCO) of NYLI MacKay DefinedTerm Muni Opportunities Fund (MMD), with an indefinite officer term and service since 2022; he is also CCO for affiliated NYLIM fund complexes and IndexIQ ETF trusts . Prior to NYLIM, he was Senior Vice President and CCO of the Voya Family of Funds (2012–2022) . Proxy disclosures do not provide executive performance metrics (e.g., TSR, revenue, EBITDA) or education for Gleason; officers are deemed “interested persons” by virtue of NYLIM affiliation and are elected annually by the Board .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Voya Investment Management / Voya Family of Funds | Senior Vice President; Chief Compliance Officer | 2012–2022 | Led fund complex compliance; served as CCO across Voya funds, indicating deep 1940 Act and fund governance expertise |
| NYLIM-affiliated fund complexes (NYLI MacKay funds, MainStay funds) | Vice President; Chief Compliance Officer | 2022–Present | Central compliance leadership across NYLIM complex; multi-trust oversight and policy implementation |
| IndexIQ Trusts (ETF and Active ETF) | Vice President; Chief Compliance Officer | 2022–Present | ETF/Active ETF CCO; compliance program leadership within NYLIM’s ETF platforms |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Voya Investment Management | Senior Vice President | 2012–2022 | External to NYLIM; senior compliance leadership for Voya’s fund family |
Fixed Compensation
- Not disclosed in the fund’s proxy statements; officer pay is not reported and officers are identified as “interested persons” due to NYLIM affiliation .
- Independent Trustee compensation is reported separately and not applicable to Gleason’s officer role .
Performance Compensation
- No disclosure of bonus, equity, options, or performance-linked metrics for officers (including Gleason) in the proxy; the fund reports trustee pay only .
Equity Ownership & Alignment
| Metric | FY 2024 | FY 2025 |
|---|---|---|
| Trustees’ dollar range of equity in Fund | None (for all trustees) | None (for all trustees) |
| Trustees & Officers as a group – beneficial interest in the Fund | <1% | <1% |
| Shares Outstanding (Common) | 27,926,793.602 | 18,779,452.602 |
| Section 16(a) reporting compliance | Compliant; timely filings | Compliant; timely filings |
Notes:
- No officer-specific ownership breakdown (vested vs unvested; pledged shares; options) is disclosed for Gleason .
- Trustees show “None” for dollar range in Fund; officers’ ownership is only presented in aggregate (<1%) with trustees .
Employment Terms
| Term | Disclosure | Key Details |
|---|---|---|
| Officer title & service | Disclosed | Vice President and Chief Compliance Officer; service since 2022; indefinite term; officers elected annually |
| Affiliation status | Disclosed | Officers are “interested persons” due to NYLIM affiliation |
| Severance; change-of-control | Not disclosed | No officer-specific severance or CoC economics disclosed for fund officers |
| Indemnification & liability | Disclosed | Officers indemnified to fullest extent permitted; advancement of expenses; liability limited to willful misconduct, bad faith, gross negligence, or reckless disregard |
| Derivative actions | Disclosed | Thresholds and procedures set in Declaration of Trust (e.g., 10% holders must join; demand requirements) |
| Board/committee context | Disclosed | Audit, Contracts, Investment, Nominating & Governance, and Operations Oversight committees; frequent meetings; CCO reports to Board |
Investment Implications
- Pay-for-performance visibility is minimal: officer compensation (salary/bonus/equity) is not disclosed, reducing direct assessment of incentives tied to fund performance; officers are NYLIM-affiliated and elected annually, with broad indemnification and limited liability, implying standard mutual fund governance rather than performance-tied executive pay .
- Alignment via ownership appears limited: trustees report “None” for fund holdings; trustees and officers as a group own <1% of beneficial interests—no officer-level pledging or option disclosures for Gleason, reducing insider selling/vesting signal utility .
- Retention risk seems low under current structure: Gleason holds a cross-platform CCO role across NYLIM complexes and ETF trusts, suggesting institutional continuity and embedded compliance leadership; officer terms are indefinite and annually elected .
- Trading signals: Section 16 compliance is timely but absent officer-level holdings detail; with no reported RSUs/options or vesting schedules, insider transaction-driven signals for Gleason are not available from the proxies .