Joseph T. Castro
About Joseph T. Castro
Executive Vice President, Chief Risk and Compliance Officer at Nuveen; serves as Vice President (officer) of Nuveen Missouri Quality Municipal Income Fund (NOM) with an indefinite term and service since 2025. Year of birth: 1964; principal occupations include formerly Senior Managing Director and Head of Compliance at Nuveen, and Senior Managing Director roles at Nuveen Fund Advisors, LLC and Nuveen Securities, LLC . Prior disclosures across Nuveen funds show tenure as Senior Managing Director (since 2017) and Head of Compliance (since 2013) at Nuveen, LLC and earlier as Managing Director and Chief Compliance Officer at Nuveen Investments, Inc. (since 2011) . Fund-level performance metrics (TSR, revenue, EBITDA) tied to Joseph Castro are not disclosed in NOM’s proxy.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen, LLC | Senior Managing Director; Head of Compliance | 2013–present | Enterprise compliance leadership across Nuveen affiliates |
| Nuveen Services, LLC | Senior Managing Director | 2017–present | Senior leadership within Nuveen service entities |
| Nuveen Investments, Inc. (NFALLC/Nuveen Fund Advisors context) | Managing Director and Chief Compliance Officer | 2011–2016 | CCO function overseeing fund adviser compliance |
Fixed Compensation
| Item | FY Reference | Amount | Notes |
|---|---|---|---|
| Compensation paid by NOM to Fund officers | Latest proxy cycle (filed Mar 4, 2025) | $0 | “The Funds have no employees. The officers of the Funds serve without any compensation from the Funds.” |
| CCO compensation framework (fund-level) | Latest proxy cycle | Not quantified | Paid by the Adviser; Funds reimburse an allocable portion of the Adviser’s cost of the CCO’s incentive compensation (applies to Fund CCO; NOM’s CCO is Brett E. Black) |
No base salary, bonus, stock/option award details for Joseph Castro are disclosed at the fund level; as an officer employed by Nuveen/TIAA, compensation occurs at the Adviser and is not itemized in the NOM proxy .
Performance Compensation
Not disclosed for Joseph Castro at the fund level; the NOM proxy does not provide performance metric weightings, targets, or payouts for fund officers .
Equity Ownership & Alignment
| Context | As of | Value/Amount | Notes |
|---|---|---|---|
| Common Shares Outstanding (NOM) | Record date Feb 18, 2025 | 2,350,752 | For ownership context |
| Preferred Shares Outstanding (NOM MFP Series A) | Record date Feb 18, 2025 | 180 | Institutional MuniFund Preferred shares |
| Beneficial ownership by Board Members and executive officers (group) | Feb 18, 2025 | <1% of outstanding shares of each Fund | Group-level disclosure; individual officer holdings not itemized |
The proxy sets stock ownership expectations for Board Members (invest at least one year of compensation in Nuveen funds), but provides no officer ownership guidelines or pledging/hedging disclosures for officers .
Employment Terms
- Officer position: Vice President of NOM; term of office indefinite; length of service since 2025 .
- Officer elections: Officers are elected annually by the Board to serve until successors are elected and qualified .
- Compensation source: Officers receive no compensation from the Funds; compensation (including incentive arrangements) is paid by the Adviser for fund compliance functions .
- Contracts, severance, change-of-control, clawbacks, and non-compete provisions for Joseph Castro are not disclosed in the NOM proxy.
Investment Implications
- Alignment: Fund-level pay-for-performance linkage for Joseph Castro is not available; officers are unpaid by the Fund and compensated at the Adviser, limiting direct fund-level compensation alignment signals from NOM disclosures .
- Insider selling pressure: With officer compensation not paid by the Fund and no individual officer ownership disclosed, near-term selling pressure signals tied to officer vesting/awards are not inferable from NOM filings .
- Governance and risk oversight: Joseph Castro’s enterprise role (EVP, Chief Risk and Compliance Officer) indicates a strong compliance orientation, which can be supportive of operational risk controls across Nuveen funds, though the NOM proxy does not tie specific risk KPIs to his compensation or tenure .
- Disclosure quality: Section 16(a) compliance statements indicate timely ownership filings for Fund insiders during the last fiscal year, reducing regulatory red flag risk in reporting practices .
For deeper trading signals (e.g., Form 4 activity, pledging, hedging), NOM’s proxy does not provide officer-level granularity; analysis would require insider transaction data outside the proxy.