Conning Adds Two Managing Directors

September 06, 2017


Paul Norris Appointed Managing Director, Head of Structured Products

Matthew Daly Promoted to Managing Director, Head of Corporate Credit Research


HARTFORD, CT – September 6, 2017– Leading global investment management firm Conning today announced the appointment of Paul Norris as Managing Director, Head of Structured Products, effectively immediately. Norris will lead a team of traders and analysts and will be responsible for overseeing all research, investment and trading in structured securities for Conning in the U.S.

Additionally, Conning announced today the promotion of Matthew Daly to Managing Director, Head of Corporate Credit Research, responsible for overseeing the corporate credit research team, also effective immediately. 

“We continuously strive to build out Conning’s global team of seasoned investment professionals, grooming senior executives from within as well as attracting top talent in the market,” said Rich Sega, Chief Investment Officer at Conning. 

Added Sega, “We are very excited to have Paul join our firm to support our institutional investor clients across the regions. He brings with him over two decades of industry and investment experience, having successfully managed sizeable fixed income and structured product portfolios.” According to Sega, Conning is seeing significant demand for structured products from institutional investors as they have the potential to enhance income and risk-adjusted returns.

Norris joins Conning from Mariner Investment Group where he was a portfolio manager for a mortgage hedge fund and focused on mortgage derivatives. Prior to that, Norris was Head of Securitized Products at Dwight Asset Management where he led a team of portfolio managers, traders and analysts managing that sector. Before that, Norris held various senior roles, including director of both mortgage and non-mortgage investments at Fannie Mae. He is a graduate of Towson University with a BS in Finance, and earned an MBA in Finance from the University of Maryland.

Matthew Daly, CFA, has been with Conning since 2003. Daly joined the firm from Webster Bank where he was employed as a credit analyst following non-investment grade leveraged loans. Prior to Webster, he was a credit analyst at Brown Brothers Harriman & Co. and also at FleetBoston Financial Group. Daly is a graduate of Gordon College with a degree in Economics and Business Administration.

“These past 14 years at Conning have been exciting ones,” said Daly. “I look forward to leading a talented team and contributing to Conning’s mission to support our clients with our proprietary, fundamental research.”



Conning ( is a leading global investment management firm with more than $115 billion in global assets under management as of June 30, 2017.* With a long history of serving the insurance industry, Conning supports institutional investors, including pension plans, with investment solutions and asset management offerings, award-winning risk modeling software, and industry research. Founded in 1912, Conning has offices in Boston, Cologne, Hartford, Hong Kong, London, New York, and Tokyo.

*As of June 30, 2017, represents the combined global assets under management for the affiliated firms under Conning Holdings Limited, and Cathay Securities Investment Trust Co., Ltd. ("SITE"). SITE reports internally into Conning Asia Pacific Limited, but is a separate legal entity under Cathay Financial Holding Co., Ltd. which is the ultimate controlling parent of all Conning entities.


For more information:

Myra Lee
Director, Marketing & Communications
+1 860-299-2278

Katrin Lieberwirth 
Vice President
+1 646-502-3548