Conning Announces New Head of North America and Other Key Promotions
May 31, 2023
HARTFORD, CT – May 31, 2023 – Global investment management firm Conning today announced that Matt Daly, currently head of the corporate and municipal bond teams at the firm, will become Head of Conning North America effective September 30, 2023. Daly, with over 25 years of industry experience and more than 20 of those years at Conning, will succeed Mike Haylon, who will retire at the end of 2023.
In addition, Conning is announcing that Cindy Beaulieu, Chair of Conning’s Investment Policy Committee, will assume the additional title of Chief Investment Officer of Conning North America, also on September 30, 2023. Beaulieu, with over 29 years of industry experience, has been responsible for managing insurance and institutional pension since joining Conning in 2011 and has overseen the firm’s investment strategy process since 2019. She will maintain both roles going forward.
“These promotions reflect the deep talent at our firm and our strong commitment to grooming future leaders from within. We believe this is the best way to ensure we continue to deliver optimal investment results and outstanding service to our clients for many years to come,” said Woody Bradford, Chief Executive Officer and Chair of the Board of Conning. “We thank Mike for his leadership and his significant contributions to our success over the last several years. I am confident that this strong leadership of Conning’s business in North America will continue under Matt’s direction.”
Steve Searl, with 35 years of corporate bond research experience, and Mike Griffin, with 18 years of industry experience in portfolio management and trading, will serve as the new co-heads of the corporate and municipal teams, reporting to Daly. Haylon will remain in an advisory capacity through the end of 2023 to facilitate a smooth transition.
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Conning (www.conning.com) is a leading investment management firm with more than $201 billion in global assets under management as of March 31, 2023.* With a long history of serving the insurance industry, Conning supports institutional investors, including insurers and pension plans, with investment solutions, risk modeling software, and industry research. Founded in 1912, Conning has investment centers in Asia, Europe and North America.
* As of March 31, 2023, represents the combined global assets under management for the affiliated firms under Conning Holdings Limited (CHL) and Cathay Securities Investment Trust Co., Ltd. (SITE). SITE is a separate entity under Cathay Financial Holdings Co., Ltd which is the ultimate controlling parent of all Conning entities. The CHL CEO sits on the Board of SITE and helps oversee the business.
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