Wally is a director of Brown Advisory Incorporated and Brown Investment Advisory & Trust Company. He is a senior advisor at Cushman & Wakefield. He also serves as president, investment committee member and board member for the France-Merrick Foundation and as vice president and board member of the Stulman Foundation. He is the chair of the Hippodrome Foundation and of the National Advisory Council of the Johns Hopkins University School of Nursing. Wally is a trustee emeritus of the Johns Hopkins University, Johns Hopkins Medicine and the Baltimore Community Foundation. Wally is a board member of Dome Corporation, the Babe Ruth Birthplace Foundation and the Central Maryland Transportation Alliance. Wally is a director and chair of the governance committee for Baltimore Life Insurance Company.