Walter S. Liptak

WALTER S. LIPTAK is a Senior Vice President and Equity Research Analyst
with McDonald Investments Inc., the investment banking, capital markets
and brokerage division of KeyCorp. Having joined the firm in January
1988, Mr. Liptak is responsible for all aspects of McDonald’s research
of diversified industrial manufacturers. He was previously a Senior
Research Analyst with Barrington Research covering industrial
manufacturers and capital goods. Prior to that, Mr. Liptak worked as an
accountant with an industrial transportation company. He earned BA and
MBA degrees from Loyola University of Chicago. In addition, he
completed an accounting program at Northwestern University. Mr. Liptak
earned his CPA certificate and is a member of the Association for
Investment Management (AIMR), the Investment Analyst Society of Chicago
and the Illinois CPA Society.