William A. Siffermann
About William A. Siffermann
William A. Siffermann is Vice President of Nuveen Dynamic Municipal Opportunities Fund (NDMO) with a term of office designated “indefinite” and service since 2017; he is listed as a Senior Managing Director of Nuveen and serves as Manager of Fund Board Relations for shareholder communications across the Nuveen fund complex (business address: 333 West Wacker Drive, Chicago, IL; year of birth 1975; age ~50) . Officers receive no compensation from the Funds (compensation is set by Trustees but not paid by the Funds), and no fund-level performance metrics (TSR, revenue/EBITDA growth) are disclosed for fund officers .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Senior Managing Director | Past 5 years (disclosed) | Senior leadership role supporting fund governance and administration |
| Nuveen Fund Complex (NDMO and related funds) | Vice President (Fund Officer) | Since 2017 | Officer capacity for the Funds; supports board processes and governance |
| Nuveen (Fund Board Relations) | Manager of Fund Board Relations | Current | Primary conduit for shareholder communications to Boards; supports nominations process |
External Roles
No external directorships or outside public company roles are disclosed for Siffermann in the latest proxies .
Fixed Compensation
Officers receive no compensation from the Funds. Fund-level base salary, target/actual bonus, and perquisites for officers are not disclosed.
| Item | FY 2024 | FY 2025 |
|---|---|---|
| Compensation paid by NDMO to Officers ($USD) | $0 | $0 |
Officers’ compensation, if any, is fixed by Trustees; for the Funds, officers receive no compensation .
Performance Compensation
Not disclosed for fund officers (no RSU/PSU/option grants, vesting schedules, performance metrics, or payout formulas reported at the fund level) .
Equity Ownership & Alignment
Individual officer beneficial ownership (including Siffermann) is not itemized; the proxy reports group holdings for Board Members and officers.
| Metric | As of May 31, 2024 | As of May 31, 2025 |
|---|---|---|
| NDMO shares owned by Board Members & Officers (group) | 0 | 0 |
| NDMO common shares outstanding | 59,562,212 | Not disclosed |
| Group ownership % of NDMO common | 0.00% (0 / 59,562,212) | Not disclosed; Board Members and executive officers generally owned <1% of each Fund’s outstanding shares as of 6/13/2024 |
- No pledging/hedging disclosures for officers are provided; stock ownership guidelines apply to Board Members (principle: invest at least one year of compensation in Fund Complex), not to officers .
Employment Terms
| Term | Detail | Source |
|---|---|---|
| Appointment | Officers appointed by Trustees; additional officers may be appointed by Chair/Chief Administrative Officer | |
| Tenure | Term continues until successor elected and qualified; officer lists show “Term: Indefinite” and service since 2017 for Siffermann | |
| Removal | CAO, Controller, Vice Presidents, Treasurer, Secretary, CCO may be removed by majority of Trustees; other officers may be removed by Chair/CAO/Trustees (with or without cause) | |
| Resignation | Any officer may resign via written notice; effective as specified or immediately upon receipt | |
| Compensation Setting | Compensation of officers (if any) is fixed by Trustees | |
| Officer Elections | Officers are elected by the Board annually to serve until successors are elected and qualified |
Investment Implications
- Pay-for-performance alignment at the fund level is minimal: officers receive no compensation from NDMO, and no equity or incentive awards are reported in fund filings—signals tied to bonuses/vesting and insider selling pressure are unavailable at the fund level .
- Skin-in-the-game appears limited: group beneficial ownership by Board Members and officers in NDMO is 0 shares as of May 31, 2024 and May 31, 2025, and collectively <1% across each Fund’s outstanding shares—reduces alignment-based trading signals from officer stakes .
- Retention and change-of-control risk at the fund level is structurally low: officer roles are at-will under bylaws (removal with/without cause; indefinite term until replacement), with compensation controlled by Trustees and no fund-level severance or CIC economics disclosed .
- Governance access: Siffermann’s role as Manager of Fund Board Relations is a useful channel for shareholder engagement and nominations processes, but does not create direct compensation or trading catalysts .