David J. Lamb
About David J. Lamb
David J. Lamb (born 1963) serves as Chief Administrative Officer and Principal Executive Officer of Nuveen Multi-Asset Income Fund (NMAI). He has held officer roles across the Nuveen closed-end fund complex since 2015 and is a Senior Managing Director at Nuveen Fund Advisors, LLC, Nuveen Securities, LLC, and Nuveen, with prior progression from Senior Vice President to Managing Director before becoming Senior Managing Director in 2021 . Officers of the Funds receive no compensation from the Funds; compensation for the CCO is paid by the Adviser (Nuveen Fund Advisors), and the Funds reimburse only an allocable portion of the CCO’s incentive compensation . Fund-level total shareholder return (TSR) and executive performance metrics tied to Lamb’s compensation are not disclosed.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen (parent) | Senior Managing Director; formerly Managing Director (2017–2021); Senior Vice President (2006–2017) | 2006–present | Senior leadership over fund complex operations and governance . |
| Nuveen Fund Advisors, LLC | Managing Director (since 2019) | 2019–present | Adviser to NMAI and other Nuveen funds; oversight of advisory functions . |
| Nuveen Securities, LLC | Managing Director (2020–2021); Senior Managing Director (since 2021) | 2020–present | Distribution and fund administration leadership across complex . |
External Roles
No external board roles or non-Nuveen positions are disclosed for Lamb in NMAI’s proxy statements .
Fixed Compensation
Officers receive no compensation from the Funds; compensation is paid by the Adviser (Nuveen/TIAA complex). Specific base salary or bonus figures for Lamb are not disclosed in fund filings.
| Component | Amount/Status | Source |
|---|---|---|
| Compensation from NMAI | $0 | Officers receive no compensation from the Funds . |
| Compensation from Adviser | Not disclosed | Paid by Adviser; Funds reimburse portion of CCO incentive only . |
Performance Compensation
Performance-based pay elements (e.g., PSUs/RSUs, option awards, metric weightings, targets, payouts) for Lamb are not disclosed in NMAI filings. No award tables or performance metrics tied to Lamb’s compensation appear in the proxy materials .
Equity Ownership & Alignment
| Metric | Value | Notes |
|---|---|---|
| NMAI Common Shares Outstanding (record date 2/18/2025) | 33,425,645 | Share count for NMAI at record date . |
| Officer/Board Group Beneficial Ownership | <1% of outstanding shares | As of 2/18/2025, Board Members and executive officers as a group owned <1% of shares for each Fund . |
| Individual Officer Holdings (Lamb) | Not separately disclosed | Only group-level and Board Member holdings are tabulated; officers’ individual holdings not listed . |
| Pledging/Hedging | Not disclosed | No pledging/hedging policy disclosures specific to officers in NMAI proxy . |
| Ownership Guidelines | Board Members expected to invest ≥1 year of compensation in Fund Complex | Governance principle applies to Board Members; not stated for officers . |
Employment Terms
| Term | Detail |
|---|---|
| Position | Chief Administrative Officer (Principal Executive Officer) |
| Length of Service | Since 2015 (officer in Nuveen fund complex) |
| Term of Office | Indefinite; officers elected annually by the Board |
| Primary Occupation | Senior Managing Director, Nuveen Fund Advisors, LLC; Nuveen Securities, LLC; Nuveen |
| Contractual Economics | Severance, change-of-control, retention bonus, clawback, tax gross-up terms not disclosed for officers in fund filings |
| Section 16 Compliance | Funds state Board Members and officers complied with Section 16(a) filings; no delinquent reports noted |
Investment Implications
- Pay-for-performance visibility is low: officer compensation is paid by the Adviser and not disclosed in fund filings; there are no metrics or award disclosures for Lamb, limiting analysis of incentive alignment and potential vesting-related selling pressure .
- Retention risk appears contained: long-tenured officer (since 2015) with senior roles across Nuveen entities suggests institutional continuity; no employment contract severance/CIC economics are disclosed at the fund level to assess retention incentives .
- Insider selling pressure signal is weak: group-level ownership is <1% of outstanding shares for each Fund, and individual officer holdings are not disclosed—reducing observable insider supply/demand signals at NMAI .
- Governance practices are standard for Nuveen funds: Board Members’ ownership expectations (≥1 year of compensation) create alignment at the Board level; officers’ compensation remains outside fund disclosures, and Section 16(a) compliance is affirmed—no governance red flags identified in filings pertaining to Lamb .