Below is a message from Doug McArthur, Chair of NCTC’s CEO Search Committee and Vice Chair of the NCTC Board of Directors.
To our valued clients:
Greg Rousos, New Covenant Trust Company’s longtime President & CEO, has announced his plans to retire at the end of 2023.
As you can imagine, this news carries mixed blessings.
After 23 years of outstanding service, we are excited for Greg to start this new chapter, and wish him the best in his well-deserved retirement. His steadfast leadership, passion for our clients’ success, and institutional expertise will be greatly missed.
New Covenant Trust Company, a subsidiary of the Presbyterian Foundation, empowers churches, church institutions and church members to create and sustain healthy and vibrant ministries through faithful stewardship of your investments. Greg’s hard work over the years has helped grow NCTC from less than $20 million in assets under management to nearly $500 million under management today.
“I will miss Greg deeply, both personally and professionally. That said, his outstanding leadership is leaving NCTC in an ideal position to transition CEOs,” said Tom Taylor, President and CEO of the Presbyterian Foundation. “NCTC is healthy, strong, growing, and in the hands of highly professional staff members whom Greg empowered to have the organization running in beautiful alignment with the Foundation.”
Greg’s efforts have also helped ensure that, despite our growth, we continue to maintain the highest levels of integrity, trust and compliance. In fact, his collaborative leadership is one of the keys reasons NCTC is the top-tier, values-driven, ministry-focused financial services firm you have come to rely on today.
As a subsidiary of the Presbyterian Foundation, NCTC is driven by the shared faith, values and integrity of the Presbyterian Church (U.S.A.). Because we are a proud part of a faith community, everything we do revolves around helping that community flourish. Today, we are stronger than ever, both in terms of the execution of our mission and strategic vision, and the depth of talent on our dynamic, nimble team.
Greg has graciously agreed to stay on during the transition, and has allowed ample time for us to find his replacement. As soon as he shared his intentions with the board, we jumped into action to form a CEO search committee.
“While Greg certainly leaves some big shoes to fill, he has timed his departure at such a moment when NCTC is at our most agile,” said Karen Garrett, NCTC board chair. “His work alongside our board and executive leadership team has both secured NCTC’s legacy as a ministry partner for our clients, and positioned us for a bright future.”
The search committee has engaged Fraser Keating Associates LLC executive search firm to begin a nationwide search for a new CEO. Ideal candidates will have extensive experience in nonprofit/church leadership and investments/trusts/financial planning.
If you know an outstanding leader with proven skills and experience in these areas, please encourage them to apply, or send your recommendation to Anne F. Keating at akeating@fraserkeating.com. View the full job description here.
As always, our priority is to serve our valued clients. We do not anticipate any disruptions in the timeliness or quality of our service during this transition. We hope you will take a moment between now and December 31 to share your appreciation for Greg’s many years of faithful service.
Please don’t hesitate to reach out to us with questions or concerns. Call us at 800-858-6127, Ext. 6.