New Covenant Trust Co. announces Angela Duffy as President and CEO

Duffy, who’s NCTC’s executive vice president, general counsel and compliance officer, will succeed Greg Rousos following his year-end retirement

by New Covenant Trust Co. | Special to Presbyterian News Service

Angela Duffy

JEFFERSONVILLE, Indiana — After a comprehensive national search, Angela Duffy has been selected as President & CEO of New Covenant Trust Co. (NCTC). She succeeds Greg Rousos, who will retire Dec. 31 after 23 years of service. A subsidiary of the Presbyterian Foundation, NCTC is a full-service financial planning, investment management and trust services firm. Its clients include both church institutions and individual members.

Duffy has served NCTC and the Presbyterian Foundation since 2006, most recently as NCTC’s Executive Vice President, General Counsel and Chief Compliance Officer.

“Angela was selected as President & CEO for her proven track record of successful leadership and her deep understanding and respect for the values, traditions and governance structure of the Presbyterian Church,” says Doug McArthur, NCTC board member and Chair of the CEO search committee. “She has worked extensively over the past 17 years to support the church’s overall mission, and she has been a critical leader in NCTC’s growth. Not only that, but Angela’s personal values and leadership style align with NCTC’s culture and values, which will ensure a smooth transition while fostering a positive work environment and maintaining consistency in our mission and objectives.”

Since taking on the role of NCTC’s Chief Compliance Officer in 2019, Duffy has been a thought leader in strategic planning, organizational compliance, legal and regulatory issues, client and stakeholder relationship building, and human resources. Prior to that, she served as Senior Vice President, Corporate Secretary and General Counsel for the Foundation, where she helped lead restructuring efforts that streamlined both its investments and operations. She was responsible for assisting with the Foundation’s day-to-day management, including strategic planning, litigation, compliance, and donor relations related to complex giving. Prior to joining the Foundation, Duffy worked as a practicing attorney in corporate and civil litigation.

Duffy earned a bachelor’s degree in English from Blackburn College, a traditionally Presbyterian college, and a juris doctorate from the University of Louisville. She has served on the alumni board at Blackburn and is a ruling elder in the PC(USA).

Rousos’ collaborative leadership helped establish NCTC as a top-tier, values-driven, ministry-focused financial services firm. During his tenure, the firm has grown from less than $20 million in assets under management to over $500 million under management today.

“NCTC is on a great trajectory, in no small part because of the work and ethics of Greg Rousos,” says NCTC Board Chair Karen Garrett. “On his retirement, there is no better person to carry NCTC forward. As an integral part of the leadership team for 17 years, Angela is deeply knowledgeable about our work and is entrenched in the vibrant, caring culture of NCTC. With her breadth of expertise in the trust business and her servant leader’s heart, I have no doubt that she is the best choice to continue — and expand — NCTC’s dynamic work in serving the church.”

“It has been a privilege to serve with Greg,” says Duffy. “I’m excited about the opportunity to take all that I’ve learned from him and continue his legacy and great work. I am so proud to be a member of the PC(USA), and I am excited to serve our incredible team at NCTC and the church in this new way. As I transition into my new role, I plan to do more listening than speaking so I can learn about new ways we can help both our individual and church clients. As a former member of session of a very small PC(USA) congregation, I understand that any burden we can lift off a congregation is life-giving. I truly view NCTC’s role as a ministry partner to each and every client.”

About New Covenant Trust Co.

Founded in 1998, New Covenant Trust Company (NCTC) empowers churches, church institutions and church members to create and sustain healthy and vibrant ministries through faithful stewardship of their investments. As a wholly owned subsidiary of the Presbyterian Foundation, NCTC is driven by a passion to help clients thrive while advancing the mission of the church. Its broad range of services include charitable, financial, estate and retirement planning as well as investment management services for churches, church institutions and individuals. For more information, visit newcovenanttrust.com.

About the Presbyterian Foundation

A vital part of the Presbyterian Church (U.S.A.), the Presbyterian Foundation cultivates, attracts and manages financial resources of individuals and institutions to further Christ’s mission. Founded in 1799, the Foundation works to strengthen congregations and related mission and ministry efforts by developing gifts and managing funds on their behalf. It works with them to build communities of generosity among their members and constituents, and it provides all Presbyterians an avenue to realize their philanthropic goals through a variety of giving and investment options. To learn more, visit presbyterianfoundation.org.