Paul Mazzilli is a leading exchange-traded fund (ETF) and closed-end fund (CEF) analyst with over 35 years of experience in the investment business. He most recently served as an Executive Director at Morgan Stanley, which he joined in 1975. From 1997 to 2008, Mr. Mazzilli was Director of Morgan Stanley's ETF Research team covering index-linked ETFs and actively managed closed-end fund companies. His coverage universe included a broad range of funds listed on U.S. exchanges that invest in equities in the U.S. and in international regions and countries, as well as taxable and municipal fixed income, commodities, and currencies. Among his roles at Morgan Stanley, Mr. Mazzilli was responsible for constructing asset allocation models using closed-end funds and ETFs and developing Strategic Equity Portfolios (STEPs) investing in closed-end funds and ETFs.
Mr. Mazzilli's team was the first to provide research coverage on index-linked ETFs and won many awards in this area. Such awards include the Most Useful ETF Research in the U.S. Every Year since Inception in 2004 at the annual ETF Global Awards Conference and a new award for the Best Research Team for Exchange-Traded Funds in 2007 at the 7th Annual Capital Link Forum on Closed-End Funds and ETFs in April 2008. In 2009, Capital Link made a special award to Mr. Mazzilli in recognition of his contribution to the closed-end fund & ETF sectors.
Mr. Mazzilli joined Morgan Stanley initially in Planning and Analysis and Investment Banking administration. He later worked in Capital Markets, Pensions and Equity Derivatives. Before joining Equity Research, Mr. Mazzilli spent five years in Equity Capital Markets Services, where he worked on the development and marketing of new issues of closed-end funds for Morgan Stanley Asset Management and listed derivative securities, such as Morgan Stanley Group equity-linked notes and warrants.
Mr. Mazzilli earned a B.S. in industrial and systems engineering from Syracuse University and an M.B.A. in finance from the Columbia University Graduate School of Business.





