Background
Stern, Walter Phillips was born on September 26, 1928 in New York City. Son of Leo and Marjorie (Phillips) Stern.
Walter Phillips Stern
September 26, 1928 New York City
With Lazard Freres & Company, New York City, 1953-1954. Associate Burnham & Company, Inc. (predecessor firm to Drexel Burnham Lambert Group, Inc.), 1954-1960, partner, 1960-1971, senior executive vice president, 1972-1973. Managing director Eastern operations Capital Research Company, 1973-1995. Chairman board New Perspective Fund, Inc., 1973—2003, chairman emeritus, since 2003. Chairman Capital International Inc., 1973—2002, vice-chairman, since 2002. Senior partner Capital Group Inc., since 2002. Chairman Europacific Growth Fund, Inc., 1984—1999. Chairman board directors Emerging Markets Growth Fund Capital Group International, Inc., 1987—2004, chairman, 1984—2004, chairman emeritus, since 2005. Member Municipal Securities Rulemaking Board, 1984—1987. Trustee Finance Analysts Research Foundation, 1975—2003. Chairman board trustees Hudson Institute, 1983—2007, vice chair, since 2007. Instructor investment management and finance New York University, 1956—1962. Member advisory board South African Growth Fund, 1996—2002.
Walter Phillips Stern Edit Profile
Education
AB, Williams College, 1950. Master of Business Administration, Harvard University, 1952.
Career
With Lazard Freres & Company, New York City, 1953-1954. Associate Burnham & Company, Inc. (predecessor firm to Drexel Burnham Lambert Group, Inc.), 1954-1960, partner, 1960-1971, senior executive vice president, 1972-1973.
Managing director Eastern operations Capital Research Company, 1973-1995. Chairman board New Perspective Fund, Inc., 1973—2003, chairman emeritus, since 2003. Chairman Capital International Inc., 1973—2002, vice-chairman, since 2002.
Senior partner Capital Group Inc., since 2002. Chairman Europacific Growth Fund, Inc., 1984—1999. Chairman board directors Emerging Markets Growth Fund Capital Group International, Inc., 1987—2004, chairman, 1984—2004, chairman emeritus, since 2005.
Member Municipal Securities Rulemaking Board, 1984—1987. Trustee Finance Analysts Research Foundation, 1975—2003. Chairman board trustees Hudson Institute, 1983—2007, vice chair, since 2007.
Instructor investment management and finance New York University, 1956—1962. Member advisory board South African Growth Fund, 1996—2002.
Membership
Member Council Foreign Relations. Chairman finance advisory committee Haddassah, Tel Aviv University, 1980-2007. Director American-Israel Friendship League, since 1996.
Republican Jewish Coalition, since 2005. Vice president, member executive committee Washington Institute Near East Policy. Chairman steering committee Freedom Trade with Israel.
Advisory board, director American Committees on Foreign Relations, since 1998. Board visitors Monterrey Institute, since 2001. Trustee The Jewish Pol.
Center; advisory board Chartered Financial Analyst Center Finance Market Integrity, 2004-2009. Member New York Society Security Analysts (board directors), Finance Analysts Federation (president 1971-1972, board directors), Institute Chartered Finance Analysts (president 1976-1977, board directors), Association Investment and Management Research (board directors, executive committee 1990-1992), Harvard Club, Economic Club, Sunningdale Country Club, California Club, Belle Meade Country Club, Phi Beta Kappa.
Connections
Married Elizabeth May, February 12, 1958. Children: Sarah May, William May, David May.
Education
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1950
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1952