“The story goes that [Scott Malpass] came back to campus with $20 in his pocket and needing a job and a place to live. Father Zang not only ran the one-man investment office but was rector of St. Joseph Hall, an old seminary converted into a men’s graduate student residence hall across St. Joseph Lake from campus. Malpass became an assistant rector there.
Two years later, Zang helped Malpass get an internship with a pension consulting group in New York. Two years after that, Bob Wilmouth, then chairman of Notre Dame’s investment committee, wanted the University to have more professional management than Zang could provide. Malpass got word of the opportunity and was soon hired as an assistant CIO, serving for a year as an understudy to Zang. In the spring of 1989, Malpass became Notre Dame’s chief investment officer, inheriting Zang’s one-room office with no computer. Foot traffic on the overhead stairs would rain ceiling dust onto his head.”
Another living legend in the endowment world with humble beginnings.
Post by Marcelino Pantoja