Primary Job Title President and Chief Operating Officer Primary Organization 
Penn Mutual
Location Philadelphia, Pennsylvania, United States Regions Greater Philadelphia Area, Great Lakes, Northeastern US Gender Male
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David O'Malley is president and chief operating officer of The Penn Mutual Life Insurance Company and has overall responsibility for all of the company’s operating areas, including Information Management & Technology, New Business, Underwriting, Advisor and Client Services, Product Management, Advanced Sales and Product Marketing. Mr.
O’Malley is also Chairman and Chief Executive Officer of Penn Mutual Asset Management, Inc., a wholly-owned subsidiary of Penn Mutual.
Mr. O'Malley joined Penn Mutual's Investment Department in 1994 and his extensive knowledge in the investment field enabled him to build a highly successful career that has led to positions of increasing complexity, including vice president and head of fixed income.
After his appointment as chief risk officer in 2006, Mr. O'Malley became a member of Penn Mutual’s executive team. Later, as senior vice president of Product Management, he led the development and delivery of competitive products and solutions to meet the needs of the company's clients and advisors. After taking on additional executive leadership responsibilities for several operating areas, he was named chief financial officer in 2010 and chief operating officer in 2013.
On January 1, 2016, Mr. O’Malley was promoted to president and chief operating officer, designating him as Penn Mutual’s 19th president. His thoughtful and collaborative leadership skills, expertise and results-driven determination have helped build high performing teams in many areas of the company, and ultimately the business, returning value to Penn Mutual’s policyholders.
As Chairman and Chief Executive Officer of Penn Mutual Asset Management, a wholly-owned subsidiary of Penn Mutual, Mr. O’Malley is responsible for overseeing the $20 billion investment adviser and manager of managers for the Penn Series Funds, Inc., a proprietary fund complex, as well as the investment portfolios of Penn Mutual and its subsidiaries.
Mr. O’Malley serves on the Board of Managers of the full service broker firm Janney Montgomery Scott LLC, a wholly owned subsidiary of Penn Mutual.
