Aaron Wasserman
About Aaron Wasserman
Aaron Wasserman (born 1974) serves as Chief Compliance Officer (CCO) of the BlackRock-advised funds, including the BlackRock MuniYield New York Quality Fund (NYSE: MYN), since 2023; he is a Managing Director at BlackRock, Inc. since 2018 and previously served as Deputy Chief Compliance Officer for the BlackRock-advised funds from 2014 to 2023 . Officers of the Funds serve at the pleasure of the Board; with the exception of the CCO, executive officers receive no compensation from the Funds, and the Acquiring Fund (MYN) compensates the CCO for his services . Fund performance during his CCO tenure is summarized below.
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 |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BlackRock, Inc. | Managing Director | Since 2018 | Senior executive role at BlackRock |
| BlackRock-advised funds (Multi-Asset, Fixed-Income, iShares Complexes) | Chief Compliance Officer | Since 2023 | CCO across BlackRock-advised fund complexes |
Fixed Compensation
- With the exception of the CCO, executive officers receive no compensation from the Funds; MYN (the Acquiring Fund) compensates the CCO for his services as CCO .
- Semi-annual reports indicate the Funds reimburse the Manager (BlackRock Advisors, LLC) for a portion of compensation paid to the Funds’ CCO; the specific dollar amount attributable to MYN is not disclosed in public filings and appears within Directors and Officer expenses .
Performance Compensation
No performance-based compensation metrics (e.g., revenue growth, EBITDA, TSR targets) tied to the CCO are disclosed in MYN’s proxy or reports .
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Officer/Board group ownership | As of July 31, 2025, officers and Board Members of each fund, as a group, beneficially owned less than 1% of outstanding common shares and none of the outstanding VRDP shares . |
| 5% holders (MYN) | Karpus Investment Management: 2,017,756 shares (5.27%) as of the August 18, 2025 record date . |
| Pledging/Hedging | Not disclosed in filings reviewed . |
| Individual executive holdings | Not disclosed for Aaron Wasserman in filings reviewed . |
| Ownership guidelines/compliance | Not disclosed for officers; Board member ranges disclosed for certain funds but not officer-specific . |
Employment Terms
| Term | Detail |
|---|---|
| Current role | Chief Compliance Officer (since 2023) . |
| Service standard | Officers of the Funds serve at the pleasure of the Board . |
| Address of executive officers | c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001 . |
| Contract term, non-compete, non-solicit, garden leave | Not disclosed in MYN proxy or recent reports . |
| Severance/change-of-control | Not disclosed for the CCO in filings reviewed . |
| Clawback/tax gross-ups | Not disclosed in filings reviewed . |
Fund Performance During Tenure (TSR context)
| Metric | 2023 | 2024 | YTD 2025 |
|---|---|---|---|
| Price Total Return (%) | 9.78 | 2.87 | 5.78 |
| NAV Total Return (%) | 10.22 | -0.94 | 1.75 |
Governance Context
- Board composition: Ten Board Members, eight Independent Board Members; the Funds are overseen within the BlackRock Fixed-Income Complex .
- Officers who are not Board Members: With the exception of the CCO, executive officers receive no compensation from the Funds; the CCO is compensated by the Acquiring Fund (MYN) .
- Internal controls: Deloitte reported no material weaknesses in internal control over financial reporting for the year ended July 31, 2024 across the Funds audited (including MYN) .
Investment Implications
- Pay-for-performance alignment: Compensation specifics for the CCO (base, bonus, equity) are not disclosed; the fund reimburses the Manager for a portion of CCO compensation, limiting visibility into at-risk pay mix and direct performance linkage—neutral to alignment given regulatory nature of the role .
- Insider selling pressure: We did not find insider transaction disclosures tied to MYN’s officers in the filings reviewed, and officer/Board group ownership is <1% of outstanding shares—suggesting limited direct insider selling pressure as a signal, though low “skin in the game” is typical for closed-end fund structures .
- Retention risk: Officers serve at the pleasure of the Board; absence of disclosed employment protections (non-compete/severance/CoC) for the CCO implies standard fund officer arrangements rather than bespoke executive contracts—low visible retention risk signals, but limited disclosure .
- Governance/controls: Strong Board independence and clean internal control report support governance quality. Performance for MYN during Wasserman’s tenure shows positive 2023/2025 YTD price returns with mixed NAV returns, contextualizing fund operating environment rather than CCO-specific performance outcomes .