Brett E. Black
Vice President and Chief Compliance Officer at NUVEEN MASSACHUSETTS QUALITY MUNICIPAL INCOME FUND
Executive
About Brett E. Black
Brett E. Black (born 1972) serves as Vice President and Chief Compliance Officer (CCO) of Nuveen Massachusetts Quality Municipal Income Fund (NMT) and related Nuveen closed-end funds; term is indefinite and he has served since 2022. He is Managing Director and Chief Compliance Officer of Nuveen; previously he held compliance leadership roles at BMO Funds, including CCO and Anti-Money Laundering Compliance Officer (2017–2022) and Deputy CCO (2014–2017) . Officers receive no compensation from the Funds; the CCO’s compensation (base salary and incentive compensation) is paid by the Adviser (Nuveen) with Board input, and the Funds reimburse an allocable portion of the Adviser’s cost of CCO incentive compensation . The proxy does not disclose education or fund performance metrics (e.g., TSR, revenue/EBITDA growth) tied to Black’s role .
Past Roles
| Organization | Role | Years | Strategic impact |
|---|---|---|---|
| Nuveen | Managing Director, Chief Compliance Officer | Since 2022 | Enterprise compliance leadership for Nuveen; serves as CCO for the Funds |
| BMO Funds, Inc. | Chief Compliance Officer; Anti-Money Laundering Compliance Officer | 2017–2022 | Led fund complex compliance and AML programs |
| BMO Funds, Inc. | Deputy Chief Compliance Officer | 2014–2017 | Supported oversight and program buildout for fund compliance |
| BMO Asset Management Corp. / BMO Funds, Inc. | Senior Compliance Officer | 2012–2014 | Senior compliance responsibilities across asset management/fund entities |
External Roles
No external directorships or outside board committee roles for Black are disclosed in NMT’s proxy filings; officer biographies list only Nuveen and prior BMO positions .
Fixed Compensation
- Officers receive no compensation from the Funds; compensation for the Funds’ CCO consists of base salary and incentive compensation paid by the Adviser (Nuveen), with review and input by the Board .
- The Funds reimburse the Adviser for an allocable portion of the Adviser’s cost of the CCO’s incentive compensation .
Performance Compensation
- The proxy states the CCO has “incentive compensation” paid by the Adviser, but it does not disclose performance metrics, weightings, targets, or payout formulas for the CCO; no plan-based award tables for officers are included for NMT .
Equity Ownership & Alignment
| Holder | Shares Beneficially Owned in NMT | % of Outstanding Common Shares | Notes |
|---|---|---|---|
| All Board Members/Nominees and Officers as a Group | 0 | 0.00% | Reported holdings as of Oct 22, 2025 were zero across the group; NMT had 9,760,126 common shares outstanding . |
- Individual officer holdings (including Black) are not itemized; only the group total (Board members and officers) is presented as 0 shares in NMT as of Oct 22, 2025 .
- The proxy does not disclose any pledging or hedging by officers; no pledging disclosures applicable to officers are provided for NMT .
- Governance principle for Board Members (not officers): each Board Member is expected to invest, directly or on a deferred basis, at least the equivalent of one year of compensation in the Nuveen fund complex .
Employment Terms
- Office and tenure: Vice President and Chief Compliance Officer; term indefinite; length of service since 2022; officers are elected by the Board annually to serve until successors are elected and qualified .
- Reporting and oversight: The Compliance, Risk Management and Regulatory Oversight Committee receives written and oral reports from the CCO, meets privately with the CCO each quarter, and the CCO provides an annual report to the full Board on compliance programs and recommendations .
- Employment agreements, severance, change-of-control: The NMT proxy does not disclose officer employment contracts, severance multiples, or change‑of‑control provisions; compensation is set and paid by the Adviser (Nuveen) with Board input .
Investment Implications
- Alignment and insider signals: With 0 shares reported for all Board Members and officers as a group in NMT, there is effectively no NMT-specific insider ownership base to create selling pressure or Form 4 trading signals tied to Black; no individual officer holdings are disclosed .
- Pay-for-performance linkage: Black’s compensation is determined and paid by Nuveen (the Adviser), not the Fund, and while it includes an incentive component, no performance metric disclosure is provided at the Fund level; this limits transparency into pay-for-performance alignment from the perspective of NMT shareholders .
- Retention and governance: Retention levers and any severance/change-of-control economics (if any) reside with Nuveen, not the Fund; ongoing quarterly/private sessions and annual reporting by the CCO to the Board indicate established compliance oversight processes, which can mitigate operational/regulatory risk but do not translate into Fund-tied incentive alignment for this officer .
- Disclosures and red flags: The proxy notes compliance with Section 16(a) filing requirements by Board Members and officers, and provides no officer-level pledging, hedging, clawback, or tax gross-up disclosures for NMT; no related-party transactions involving Black are disclosed in the NMT proxy .
References:
- Officer biography, role, tenure, and prior experience
- Compensation structure and who pays
- Beneficial ownership and shares outstanding
- Compliance committee oversight and CCO reporting cadence
- Section 16(a) compliance statement