The Church Pension Group through the Numbers

The Church Pension Group Through the Numbers

Learn how CPG manages its finances, stays abreast of the evolving needs of the people and institutions it serves, and makes key decisions about benefits, products, and services. Hosted by Bishop Thomas J. Brown, Chair of The Church Pension Fund Board of Trustees; Mary Kate Wold, CEO and President of the Church Pension Group (CPG), and other CPG leaders.

CPG Through the Numbers—Continuing the Conversation
January 12, 2022 (viewing time 01:26:29)

CPG Through the Numbers
November 4, 2021(viewing time 01:27:41)


Speaker Bios

Frank Armstrong
Chief Operating Officer
Church Pension Group

Frank Armstrong is Executive Vice President and Chief Operating Officer. He is responsible for providing strategic leadership and direction for the Church Pension Group's (CPG) three lines of business. Prior to this, he served as Senior Vice President, Benefits Policy, and Chief Actuary of CPG since 2011.

Before joining CPG, he served as a Managing Principal and Practice Leader for the Eastern Region for Hewitt Associates’ Health Management  Practice, where he served as lead consultant to CPG. Prior to this, he was an actuarial consultant for Buck Consultants and an actuarial associate for US Life Insurance Company.

He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries. He holds a BA from Rutgers University.

The Rt. Rev. Thomas James Brown
The Church Pension Fund Board of Trustees
Bishop, Episcopal Diocese of Maine

The Rt. Rev. Thomas J. Brown is the Bishop of the Episcopal Diocese of Maine and serves as Chair of The Church Pension Fund Board of Trustees.

He previously served as Rector of The Church of the Epiphany in Winchester, Massachusetts, and has served as a Deputy to five General Conventions. He has been a Member of Standing Commission on the Structure of the Church, the Pension Fund Committee, the Dispatch Business Committee, and was the Secretary of the Joint Nominating Committee for the Election of the Presiding Bishop (2003–2006). In the Diocese of Massachusetts, he was the Co-Chair of the Capital Campaign Advisory Committee. He is the Treasurer of Bethany House of Prayer, Arlington Heights, Massachusetts, and a Member of the Winchester Multicultural Network in Winchester, Massachusetts, as well as Save the River in Clayton, New York, an environmental and educational non-profit dedicated to protecting the Saint Lawrence Seaway.

He received an MDiv from the Church Divinity School of the Pacific, a BS from Western Michigan University, and holds a certificate in Family Studies Education from The Ohio State University.

The Rev. Clayton Crawley
Chief Church Relations Officer
Church Pension Group

The Reverend Clayton Crawley is Executive Vice President and Chief Church Relations Officer. He is responsible for strengthening CPG’s ties with the Domestic and Foreign Missionary Society, the General Convention, and other groups and stakeholders around The Episcopal Church. He joined CPG in 1999.

Previously, Fr. Crawley led CPG’s technology program and served as Chief Information Officer. Prior to this, he was the Associate Rector of All Saints Episcopal Church, Palo Alto, California. He has more than 25 years of ordained ministry experience and currently serves as a non-stipendiary priest at St. Bartholomew's Parish and Trinity Church Wall Street in New York City. 

He holds an MDiv from the Church Divinity School of the Pacific.

Patricia Favreau
Executive Vice President and Chief Communications Officer
Church Pension Group

Patricia Favreau serves as Executive Vice President and Chief Communications Officer of the Church Pension Group. She is responsible for CPG’s communication, research, and web strategies. She also oversees institutional relationship management and the Recorder of Ordination functions assigned to CPF by the General Convention. She joined CPG in 2008.

Prior to joining CPG, she served as President of Redscout, a brand strategy, consulting, and product development firm with clients ranging from not-for-profits to major international companies. Before that, she worked at New York Life, where she managed new market development, product positioning, and customer relationship management as Chief Marketing Officer of its U.S. Life & Annuity business.

She holds a BA from Amherst College and a JD degree from the University of Virginia School of Law.

Roger Sayler
Chief Investment Officer
Church Pension Group

Mr. Sayler is Executive Vice President and Chief Investment Officer. He is responsible for overseeing the investment programs for The Church Pension Fund, The Church Insurance Companies, Church Life Insurance Corporation, and related entities. He joined CPG in 2014.

Prior to joining CPG, he served as Chief Operating Officer at Columbia Management Group. Before that, he spent 20 years at J.P. Morgan Investment Management Inc., where, as Managing Director, he headed such areas as Structured Equity Portfolio Management and Mutual Funds, and served as global head of derivatives.

He holds an undergraduate degree from Dartmouth College and an MBA from the University of Chicago Booth School of Business.

Ellen Taggart
Chief Financial Officer and Treasurer
Church Pension Group

Ms. Taggart is Executive Vice President, Chief Financial Officer (CFO), and Treasurer. She is responsible for directing the corporate financial management of CPG, overseeing CPG’s enterprise-wide project management program, managing CPG’s corporate risk management process, and overseeing CPG’s information and technology support group.

She started at CPG as a consultant in 2003 and joined CPG in 2004 as Vice President, Shared Services, in the Finance Department.

Prior to assuming her current position, Ms. Taggart was Senior Vice President, Strategic Planning and Project Management. Before CPG, she served as a Senior Vice President of Finance and CFO at Dun & Bradstreet, where she worked for 17 years with businesses across the United States, Europe, Latin America, and the Asia-Pacific region.

She holds a BS from the University of Maryland.

Mary Kate Wold
Chief Executive Officer and President
Church Pension Group

As Chief Executive Officer and President of CPG, Mary Kate Wold leads a $18 billion financial services enterprise that provides retirement, health, life insurance, property and casualty insurance, and other products and services to The Episcopal Church. She also serves as a member of the board of trustees of The Church Pension Fund, CPG’s governing body.

Mary Kate has served in a variety of leadership positions in the corporate, legal, and government sectors. Prior to joining CPG, she was a senior finance executive and principal corporate officer of Wyeth, one of the world’s largest pharmaceutical companies. Before embarking on her corporate career, she was a Partner at and chaired the tax practice group of Shearman & Sterling, a leading global law firm. Earlier in her career, she served in the Office of Tax Policy of the United States Department of the Treasury.

She chairs the board of the Church Benefits Association, a national association of faith-based benefits organizations, and she serves on the vestry of Trinity Church Wall Street and on its investment committee, which oversees the institution’s $5 billion real estate and securities portfolio. She is a former Director and Chair of a publicly traded medical device company. Mary Kate’s professional affiliations include membership in the Women’s Forum of New York and Women Corporate Directors.

Mary Kate spent her childhood in Bottineau, North Dakota, a small, rural community on the Canadian border.

She graduated summa cum laude from Hamline University in St. Paul, Minnesota with a BA in English and theater and was elected a member of Phi Beta Kappa. She later graduated cum laude from the University of Michigan Law School.