Brett Black
About Brett Black
Brett E. Black serves as Vice President and Chief Compliance Officer of Nuveen Taxable Municipal Income Fund; he is listed with year of birth 1972 and has served since 2022. He is Managing Director and Chief Compliance Officer at Nuveen; previously at BMO Funds, Inc. as Vice President (2014–2022), Chief Compliance Officer and Anti‑Money Laundering Compliance Officer (2017–2022), and Deputy Chief Compliance Officer (2014–2017). Officers receive no compensation from the Funds; compensation for the Funds’ Chief Compliance Officer is paid by the Adviser with Board input, and the Funds reimburse an allocable portion of the CCO’s incentive compensation. No fund-level pay-for-performance metrics tied to his compensation are disclosed in Fund documents.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen (Nuveen LLC) | Managing Director, Chief Compliance Officer | Since 2022 | Not disclosed in Fund documents |
| Nuveen Taxable Municipal Income Fund (NBB) | Vice President & Chief Compliance Officer | Since 2022 | Fund officer overseeing compliance; officers serve without Fund compensation |
| BMO Funds, Inc. | Vice President; Chief Compliance Officer; Anti‑Money Laundering Compliance Officer | VP 2014–2022; CCO & AML 2017–2022 | Not disclosed in Fund documents |
| BMO Funds, Inc. | Deputy Chief Compliance Officer | 2014–2017 | Not disclosed in Fund documents |
| BMO Asset Management Corp. | Senior Compliance Officer | 2012–2014 | Not disclosed in Fund documents |
External Roles
- None disclosed in NBB proxy statements for Brett E. Black.
Fixed Compensation
- Officers receive no compensation from the Funds; compensation for the Funds’ CCO is paid by the Adviser, composed of base salary and incentive compensation; the Funds reimburse the Adviser for an allocable portion of the Adviser’s cost of the CCO’s incentive compensation. No dollar amounts are disclosed.
Performance Compensation
- No specific performance metrics (e.g., revenue, EBITDA, TSR, ESG goals), weightings, targets, payouts, or vesting schedules tied to Brett Black’s compensation are disclosed in Fund documents.
Equity Ownership & Alignment
- As of June 20, 2025, each Board Member’s individual beneficial shareholdings of each Fund constituted less than 1% of the outstanding shares, and the Board Members and executive officers as a group beneficially owned less than 1% of the outstanding shares of each Fund. Brett Black’s individual holdings are not separately disclosed.
- Section 16(a)/Section 30(h) filings: Funds state Board Members and officers complied with all applicable filing requirements during the last fiscal year and the previous fiscal year.
- Stock ownership policies: Governance principle applies to Board Members (expected to invest at least one year of compensation in Funds across the complex); no officer ownership guidelines are disclosed.
Employment Terms
| Item | Disclosure |
|---|---|
| Position | Vice President and Chief Compliance Officer |
| Term of Office | Indefinite; officers are elected by the Board annually to serve until successors are elected and qualified |
| Length of Time Served | Since 2022 |
| Employer/Address | Nuveen, 333 West Wacker Drive, Chicago, IL 60606 |
| Compensation Payor | Adviser pays the CCO’s base and incentive; Funds reimburse allocable portion of CCO incentive compensation |
| Severance / Change‑of‑Control | Not disclosed in Fund documents |
| Non‑Compete / Non‑Solicit / Garden Leave | Not disclosed in Fund documents |
| Clawbacks / Tax Gross‑Ups | Not disclosed in Fund documents |
Investment Implications
- Pay-for-performance alignment to NBB is structurally limited: the Fund does not pay officer compensation; the CCO’s compensation is paid by the Adviser with a portion of incentive costs reimbursed by the Funds, and no performance metrics tied directly to Fund outcomes are disclosed. This reduces direct linkage between Fund TSR/performance and Brett Black’s compensation.
- Insider selling pressure and ownership alignment risk appear low based on disclosures: individual officer holdings are not broken out, and officers/Board Members as a group owned less than 1% of outstanding shares; Section 16 compliance was affirmed, with no pledging or hedging disclosures noted.
- Retention risk indicators (contracts, severance, change‑of‑control economics) are not disclosed for Fund officers; role tenure since 2022 provides continuity in compliance leadership but lacks disclosed contractual protections or incentives that would signal enhanced retention.
- Trading signals: absence of disclosed equity awards, options, vesting schedules, or insider transactions in Fund documents suggests limited direct equity‑driven selling pressure; monitor future Form 4 filings and Adviser disclosures for changes in ownership or award structures.