David O'Malley

Chairman & Chief Executive Officer
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David O'Malley

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.

Stories by David O'Malley

Will Earnings Keep the Stock Market Momentum Going?

By David O'Malley | January 16, 2018

Last week’s inflation data came in slightly above expectations while most equity markets continued to rally. Stocks pushed to new all-time highs on optimism for economic growth, deregulation and a… Read More

Markets Turn Attention to Inflation Reports

By David O'Malley | January 8, 2018

Two U.S. inflation reports being released on Thursday and Friday will highlight the week ahead. The release of the Producer Price Index and Consumer Price Index will show if inflationary… Read More

Predictions for the Year Ahead

By David O'Malley | January 2, 2018

Happy 2018! Last year was an eventful one for the markets as optimism about growth and pro-business policies pushed markets higher. The new year starts with most of the economic… Read More

Happy Holidays!

By David O'Malley | December 25, 2017

Wishing you a healthy and happy holiday season and a prosperous 2018.   We will be back with our regular Monday Morning O’Malley and Chart of the Week posts starting… Read More

Tax Reform Expected to be Signed into Law This Week

By David O'Malley | December 18, 2017

After a lot of anticipation and a busy congressional review process this fall, it looks highly probable that tax reform will be passed into law this week. With the remaining holdout Republican Senators publicly announcing their support, the path is now clear for the largest change in tax policy in three decades.

Central Banks Take Center Stage

By David O'Malley | December 11, 2017

This week, several key central banks are holding monetary policy meetings. The U.S. Federal Reserve (Fed), European Central Bank (ECB), Bank of England (BOE) and Swiss National Bank are all providing their last policy guidance of the year.

Economic Data Overshadowed by Events in Washington

By David O'Malley | December 4, 2017

The events in Washington overshadowed the release of solid economic data last week. With consistent economic data emerging over the last few weeks, markets have shifted their primary attention to the events in Washington. 

Stocks Hit New Highs

By David O'Malley | November 27, 2017

In an abbreviated week, U.S. equities reached all-time highs. Optimism around ongoing economic momentum spurred by potential tax reductions kept concerns about higher valuations at bay and elevated a market… Read More

Fed Minutes and Tax Reform

By David O'Malley | November 20, 2017

This holiday-shortened week is highlighted by the release of the minutes from the most recent Federal Open Market Committee (FOMC) meeting and any potential updates regarding the progress of tax… Read More

Inflation Data this Week to Remain Subdued 

By David O'Malley | November 13, 2017

Tuesday’s release of the Producers Price Index (PPI) and Wednesday’s release of the Consumer Price Index (CPI) will be the economic data highlights this week. With inflation remaining stubbornly low despite strong employment conditions and the odds of a December interest rate increase running around 80%, the importance of the pace of inflation data takes on greater significance.