As Chairman & Chief Executive Officer of Penn Mutual Asset Management, Mr. O’Malley is responsible for leading the overall strategic direction of the firm and refining the overall investment philosophy. He also serves as President of the Penn Series Funds, Inc., a proprietary fund complex offering 29 investment options through The Penn Mutual Life Insurance Company variable life and annuity products.
Mr. O’Malley’s extensive knowledge in the investment field enabled him to build a highly successful career. His positions of increasing responsibility and complexity included Municipal Bond Research Analyst, Residential and Commercial Mortgage Backed Portfolio Manager, Corporate Bond Portfolio Manager, and Vice President and head of Fixed Income responsible for all portfolio sectors. Mr. O’Malley’s expertise in derivatives and asset-liability management has been instrumental in designing the company’s hedging and risk management programs.
In 2006, Mr. O’Malley was appointed Chief Risk Officer and became a member of Penn Mutual’s executive team. He was later appointed Chief Financial Officer, and now currently serves as President and Chief Operating Officer of Penn Mutual.
Mr. O’Malley serves on the Board of Managers of the full service brokerage firm Janney Montgomery Scott LLC.
Mr. O’Malley joined Penn Mutual’s Investment Department as an intern in 1994 while attending Drexel University in Philadelphia, Pennsylvania. He graduated summa cum laude with a bachelor’s degree in finance and economics.
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