Brett E. Black
Vice President and Chief Compliance Officer at Nuveen AMT-Free Municipal Credit Income Fund
Executive
About Brett E. Black
Vice President and Chief Compliance Officer for Nuveen AMT‑Free Municipal Credit Income Fund (NVG), serving since 2022 with an indefinite term; officers are elected annually by the Board and receive no compensation from the Fund . Born in 1972 and based at 333 West Wacker Drive, Chicago, IL 60606, his principal occupation is Managing Director and Chief Compliance Officer of Nuveen; prior roles include Vice President, Chief Compliance Officer, and Anti‑Money Laundering Compliance Officer at BMO Funds, Inc. . Fund proxies do not disclose education, individual performance metrics (TSR, revenue, EBITDA), or officer compensation details .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Nuveen | Managing Director; Chief Compliance Officer of Nuveen | Since 2022 | Not disclosed |
| BMO Funds, Inc. | Vice President | 2014–2022 | Not disclosed |
| BMO Funds, Inc. | Chief Compliance Officer; Anti‑Money Laundering Compliance Officer | 2017–2022 | Not disclosed |
| BMO Asset Management Corp. | Senior Compliance Officer | 2012–2014 | Not disclosed |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed in Fund proxy statements | — | — | — |
Fixed Compensation
- Officers receive no compensation from NVG; proxies do not provide salary, bonus, or perquisite details for officers .
- Board member cash/equity compensation is disclosed, but officer compensation is not applicable to this Fund structure .
Performance Compensation
- No disclosure of stock awards, options, incentive metrics, vesting schedules, or clawbacks for officers; officer compensation is not paid by the Fund .
Equity Ownership & Alignment
- Individual officer beneficial ownership is not disclosed; proxies provide only Board Member holdings and “Board Members and officers as a group” totals .
- As of June 20, 2025, Board Members and executive officers as a group owned less than 1% of the outstanding shares of each Fund .
| Metric | As of May 31, 2023 | As of May 31, 2025 |
|---|---|---|
| Board Members and Officers as a Group – NVG (AMT‑Free Credit Income) Shares | 1,277 | 5,575 |
Additional alignment notes:
- No pledging or hedging disclosures for officers; not disclosed in proxies .
- Board governance principle expects Board Members (not officers) to invest at least one year of compensation in Nuveen funds; this guidance does not apply to officers .
Employment Terms
- Position(s): Vice President and Chief Compliance Officer (NVG) .
- Term: Indefinite; officers are elected annually by the Board to serve until successors are elected and qualified .
- Length of service in current role: Since 2022 .
- Compensation and contract details (severance, change‑of‑control, non‑compete): Not disclosed in Fund proxies; officers are not compensated by NVG .
Investment Implications
- Pay‑for‑performance linkage is immaterial at the Fund level for officers: NVG does not compensate officers, and proxies provide no incentive metrics or vesting schedules—reducing compensation‑driven trading signals (e.g., RSU/option‑related selling) tied to NVG shares .
- Alignment via equity ownership appears limited at the Fund level: group holdings are de minimis (<1%), and individual officer positions (including Brett Black’s) are not disclosed, lowering the interpretability of “skin‑in‑the‑game” for officers .
- Retention and transition risk cannot be assessed from Fund filings: employment agreements, severance/change‑of‑control economics, and restrictive covenants for officers are not disclosed; the role’s indefinite term with annual election suggests stability is governed at the Nuveen/TIAA corporate level rather than by NVG governance .
- Actionable takeaway: Monitor Nuveen/TIAA corporate disclosures (outside NVG proxies) for officer‑level compensation, ownership, and contract terms; NVG filings indicate minimal fund‑specific insider selling pressure or compensation alignment levers tied to Brett E. Black.