Peter Hagerman graduated with a bachelor of science degree in business administration from Lehigh University in 1961 and earned a master of business administration degree from New York University. During his undergraduate years at Lehigh, Pete served as the wrestling team’s manager and as the secretary of his fraternity, Beta Theta Pi.
Pete was the founder of Hallmark Capital Management Inc. He served as its president and CEO until his retirement. Prior to Hallmark Capital Management Inc., he worked at E.F. Hutton & Company Inc. During his career, he gained 52 years of experience in the financial world, for which New Jersey Monthly magazine selected him as a “Five Star Wealth Manager” for four consecutive years.
Pete maintained close ties with Lehigh as an alumnus, exemplified by his generous contributions to the Endowment for the Teaching of Ethical Decision-Making, among other programs. The establishment of the endowment was a part of the Class of 1961’s 50th reunion fund campaign, which Pete led as co-chairman. The endowment sponsors campus activities that present philosophical concepts to help guide human behavior.
Maximizing student involvement was a priority for Pete, who was a member of the Ethics Endowment Alumni Fund Committee. For the past four years, the endowment sponsored a speaker series on ethics that brought 15 leading ethics educators to speak to the campus community. Topics have included global business ethics, protection of personal privacy, and the biotechnological restructuring of life. Another program initiative to raise awareness of ethical decision-making is the Undergraduate Ethics Symposium, a daylong event where undergraduates present projects that examine ethical quandaries in their fields, at Lehigh, or in society.
Desiring to provide talented students with access to a Lehigh education, Pete created an endowed scholarship fund for business administration students and multiple student scholarships in the College of Business and Economics.
Lehigh recognized Pete’s exceptional involvement with his alma mater by awarding him the Eugene G. Grace Class of 1889 Award for distinguished service to the university's Planned Giving Program and the prestigious Packard Award for outstanding service to the university.
An Eagle Scout, Pete passed away on January 6, 2016. He lived in Mendham, New Jersey.