Chief investment officer receives Financial Executive Award

by Dennis Brown

Scott C. Malpass, vice president and chief investment officer at the University of Notre Dame, has been selected a regional winner of the 2003 Financial Executive of the Year Award by Robert Half International Inc. and the Institute of Management Accountants (IMA)p. The award recognizes exceptional achievement and outstanding performance in the finance and accounting industries. Robert Half International is the world’s leader in specialized consulting and staff services. The IMA provides its membership with personal and professional development opportunities in management accounting, financial management, and information management.p. A 1984 Notre Dame graduate, Malpass earned his master of business administration degree from the University in 1986. He returned to campus in 1988, coming from the Wall Street firm Irving Trust Company, and a year later was appointed chief investment officer, when the University’s endowment was $450 million. Now valued at more than $2.6 billion, the endowment is the 19th largest in American higher education and the largest at a Catholic university.p. Under his leadership, Notre Dame’s endowment management program has earned national recognition, with Malpass playing a leadership role in developing innovative practices in investment management. For fiscal year 2000, the investment return was 57.9 percent, ranking first among higher education endowments in the country.p. Malpass took on added duties as associate vice president for finance in 1996, with responsibility for all other financial management activities of the University. With his guidance, a new budgeting structure was created within the University’s first budget office, and the office of student financial services was formed to integrate the University’s financial aid and student receivables functions to better serve the financial needs of students. He was elected a vice president by the Board of Trustees in 1999.p. Additionally, Notre Dame’s debt financing activities have been coordinated by Malpass since 1999, enabling a variety of projects to proceed that enhance academic delivery, student life needs, and administrative space. As evidence of the University’s financial strength and stability, Notre Dame is among a handful of large, private universities with a long-term debt rating from Moody’s Investors Service of Aaa.

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