Longtime New Covenant Trust Co. CEO announces retirement, national search launched for replacement
Greg Rousos, New Covenant Trust Company’s longtime President & CEO, has announced his plans to retire at the end of 2023.
Greg also served as the Presbyterian Foundation’s Chief Operating officer and Executive Vice President from 2000 to 2020. New Covenant Trust Company is part of the Presbyterian Foundation.
“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.”
New Covenant Trust Co. (NCTC), 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 their investments. Rousos’ dedication has helped grow NCTC from less than $20 million in assets under management to nearly $500 million under management today.
“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.”
Rousos 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 NCTC and Presbyterian Foundation boards, NCTC created a search committee to help find a replacement.
“His efforts have also helped ensure that, despite our growth, we continue to maintain the highest levels of integrity, trust and compliance,” said Doug McArthur, Chair of the New Covenant Trust Company presidential search committee. “In fact, his collaborative leadership is one of the keys reasons NCTC is the top-tier, values-driven, ministry-focused financial services firm our clients have come to rely on today.”
The search committee has engaged the Fraser Keating Associates 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 Keating at akeating@fraserkeating.com.
Amy Higgs serves as a consultant for New Covenant Trust Company, a subsidiary of the Presbyterian Foundation.
