April 10, 2003
The Pierre Hotel, New York City

Paul J. Mazzilli
Executive Director
Morgan Stanley

Paul Mazzilli is an Executive Director at Morgan Stanley and is the Director of the Exchange-Traded Fund (ETF) Research team. His team's universe includes actively managed closed-end fund companies and passively managed index-linked ETFs. Paul's team covers a broad range of funds listed on US exchanges that invest in taxable and municipal fixed income, as well as equities in the US and in international regions and countries. Paul also oversees the management of Strategic Equity Portfolios (STEP) products and asset allocation models using Exchange-Traded Funds.

Paul joined Morgan Stanley in 1975 and has worked in planning and analysis, capital markets, pensions, and equity derivatives. Prior to joining the Equity Research department, Paul spent five years in Equity Capitals 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.

Paul earned a BS in Industrial and Systems Engineering from Syracuse University and an MBA in Finance from Columbia University Graduate School of Business.


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