William Gresham O’Malley III, 83, of Villanova, a Philadelphia businessman, died on October 16, 2016 of metastasized prostate cancer, surrounded by his family at Bryn Mawr Hospital. Mr. O’Malley was born March 3, 1933 in Philadelphia, the fourth of eight children. He attended Waldron Mercy Academy and the Canterbury School. He graduated from the Wharton School of Commerce and Finance at the University of Pennsylvania in 1954, where he was a Brother and two-term President of the Zeta Psi Fraternity. Mr. O’Malley served in the United States Army with the Corps of Engineers both at home and abroad in France, earning the rank of First Lieutenant. Mr. O’Malley’s career spanned decades at prominent firms in Philadelphia that included L.D. Caulk Company, Cities Services Oil Company and Provident National Bank. He was a director on the boards of the National Securities Clearing Corporation, the Transportation Mutual Insurance Company and Quaker City Insurance Company. In 1967 he joined Montgomery Scott & Co., and became became Partner in 1969. In 1971 Montgomery Scott & Co. merged with Janney, Battles & E.W. Clark Inc. to become Janney, Montgomery Scott Inc. Mr. O’Malley rose to the firm’s leadership where he served as Senior Vice-President and Secretary on the Executive Committee until his retirement in 1999. Mr. O’Malley was a member of the New York Stock Exchange, the American Stock Exchange, the Philadelphia Stock Exchange, the Boston Stock Exchange, and the Chicago Board Options Exchange. Mr. O’Malley was a pillar in the Philadelphia community. He led numerous important organizations in the city with his business acumen, wisdom, integrity and long-term judgment. He served on the Board of Trustees of the Magee Rehabilitation Hospital and was Chairman of the Magee Rehabilitation Foundation. He served on the Board of Trustees of Episcopal Hospital and was Chairman of the Episcopal Healthcare Foundation. From 1971 until his death he was Trustee to the Ardrossan Estate in Villanova. Mr. O’Malley was a philanthropist and a benefactor to countless charities and educational and arts organizations in the Philadelphia community and beyond, including St. Malachy School, St. Martin de Porres School, and Covenant House. Mr. O’Malley had many interests and distinguished himself in all of them. He was a literary man who possessed unparalleled knowledge about poetry, art, drama and history. He was a longstanding member of the Shakespeare Society and served as its Treasurer. A terrific tennis player, he was a regular on the courts at his clubs: the Courts, the Mill Dam, the Merion Cricket Club and the Racquet Club. An avid cyclist, he took biking trips through Morocco, France, Ireland, Vietnam, New Zealand, and India. Mr. O’Malley relished the culinary arts and was a longtime member at the Philadelphia cooking club, the Rabbit. He was also a member of the Philadelphia Club and the Knickerbocker Club in New York City. Mr. O’Malley was a devout Catholic and an active member of his parish, St. Katharine of Siena, for over forty years. Mr. O’Malley was a consummate family man who adored his children and grandchildren. He married Joan Tyler Montgomery Wheeler September 26, 1964. He is survived by their three children, Inez B. O’Malley, William Gresham O’Malley IV (Margaret George), and Andrew W. O’Malley (Sharon); grandchildren Mary Margaret O’Malley, Evelyn Grace O’Malley, Helen Joan O’Malley, and Paul Andrew O’Malley; brother Hilaire J. O’Malley and sisters Mrs. Aideen Cooney and Mrs. Kristin O’Malley Russo. A funeral mass will be held on Saturday October 29th at 12:30 p.m., with a visitation starting at 12:00 p.m., at St. Katharine of Siena Church in Wayne. In lieu of flowers, contributions in Gresham’s memory can be made to St. Malachy School, 1012 West Thompson Street, Philadelphia, PA 19122 or the Canterbury School, 101 Aspetuck Avenue, New Milford, CT 06776.
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