Church Pension Group | New York

New York

October 26, 2017
St. Bartholomew's Episcopal Church


An Introduction to Impact Investing

The Changing Realities for Clergy and Congregations


Demographics Presentation


Impact Investing Presentation


Prayers and Introductory Remarks

Bishop Allen K. Shin
Bishop Suffragan
The Episcopal Diocese of New York

The Rt. Rev. Allen K. Shin was elected to be the diocese’s new bishop suffragan on December 7, 2013, at a special election convention held at Manhattan’s Cathedral Church of Saint John the Divine, and was consecrated at the Cathedral on Saturday May 17, 2014.

Born in South Korea, Allen K. Shin and his family moved to Washington, D.C. in 1972, where he attended Gonzaga College High School, a Jesuit school for boys. He earned his Bachelor’s degree from Eastern Michigan University in 1983, majoring in Music/Vocal Performance. He then spent four years in New York City working as a professional singer, before taking up a position as a choir director at a Korean Episcopal church in Chicago. Having gone through the discernment process in Chicago, Shin studied for his Master of Divinity degree at the General Theological Seminary in New York City, graduating in 1996. He was ordained to the diaconate in the Diocese of Chicago in June of that year, and to the priesthood in the Diocese of New York that December. Also in 1996, he was called as Curate/Assistant to the Church of St. Mary the Virgin in New York City, where he remained until 2001, at the same time taking up the position of Assistant Officer, Episcopal Asiamerica Ministry at Episcopal Church Center, which he held until 1999.

In 2001, he earned the degree of Master of Sacred Theology from the General Theological Seminary. He then went to England, where from 2002 to 2005 he pursued post-graduate studies in Patristic Studies at the University of Oxford. During the course of his studies, he also held the position of Honorary Assistant Priest at All Saints Church, Margaret Street, London. He then remained at the University of Oxford from 2005 to 2010 as Fellow and Chaplain of Keble College. Shin returned from England to the United States in 2010, to take up the position of Rector of St. John’s Church, Huntington, NY, in the Diocese of Long Island.

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.

The Demographics of a Changing Church


Mark Chaves
Professor of Sociology, Religious Studies, and Divinity
Duke University

Mark Chaves is Professor of Sociology, Religious Studies, and Divinity at Duke University. Among other projects, he directs the National Congregations Study (NCS), a wide-ranging survey of a nationally representative sample of religious congregations. The NCS has been conducted three times: 1998, 2006, and 2012. It will be conducted again in 2018.

Professor Chaves is the author of American Religion: Contemporary Trends (Princeton University Press, 2011, 2017, 2nd ed.), Congregations in America (Harvard University Press, 2004), Ordaining Women: Culture and Conflict in Religious Organizations (Harvard University Press, 1997), and many articles, mainly on the social organization of religion in the United States. He has chaired the General Social Survey’s Board of Overseers, and he has been President of the Society for the Scientific Study of Religion.

He received a Ph.D. and an A.M. from Harvard University, a M.Div. from Harvard Divinity School, and an A.B. from Dartmouth College.

The Rt. Rev. Clifton Daniel III
Acting/Interim Dean
The Cathedral Church of St. John the Divine, New York

Bishop Clifton Daniel III became Bishop Diocesan of the Diocese of East Carolina in 1997. Since that time he has served as Chair of the Presiding Bishop's Council of Advice; President of the Court of Review for the Trial of a Bishop; the Standing Commission on the Structure of the Church; Chair, the Board of Church Deployment; Vice President of Province 4; Board of the University of the South, Sewanee; and President of the Bishops of Province 4. He currently serves on The Executive Council of the Episcopal Church; the Board of the Church Pension Group and chairs the Board of The General Theological Seminary, New York.

Bishop Daniel resigned in 2013 as Bishop of East Carolina after 17 years. He accepted election as Bishop Provisional of the Diocese of Pennsylvania in 2013 and served there for 3-1/2 years. In August 2016 he retired. In March 2017, he accepted a call to become Acting/Interim Dean at the Cathedral Church of St. John the Divine, New York.

He and his wife Anne have been married for 39 years and have three daughters and four grandchildren.

Ian S. Markham
Dean and President
Virginia Theological Seminary

Ian S. Markham was appointed as Dean and President of Virginia Theological Seminary (VTS) in August 2007.

Before being called to VTS, Dean Markham served as Dean and Professor of Theology and Ethics at Hartford Seminary in Connecticut, and as Visiting Professor of Globalization, Ethics, and Islam at Leeds Metropolitan University in the United Kingdom. He also served on the faculties of Liverpool Hope University and the University of Exeter.

Dean Markham is the author and editor of numerous books including: Against Atheism: Why Dawkins, Hitchens, and Harris Are Fundamentally Wrong; Liturgical Life Principles: How Episcopal Worship Can Lead to Healthy and Authentic Living; Christ and Culture: Communion After Lambeth, A Theology of Engagement; Truth and the Reality of God; Do Morals Matter?; Understanding Christian Doctrine; and most recently, An Introduction to Said Nursi: Life, Thought, and Writings. His awards include the Robertson Fellow 2006; Teape Lecturer in India 2004; Claggett Fellow attached to Washington National Cathedral in 2000; and Frank Woods Fellow at Trinity College, Melbourne in 1997.

He received his Ph.D. at the University of Exeter in the United Kingdom where he focused on Christian Ethics. He previously received an M.Litt. in Philosophy and Ethics from the University of Cambridge and a B.D. in Theology from the University of London.

He is married to Lesley Markham and they have one son, Luke. He serves as Priest Associate at St. Paul’s Church in Alexandria

Matthew Price
Senior Vice President, Research & Data
Church Pension Group

Matthew Price serves as Senior Vice President for Research and Data at the Church Pension Group (CPG). In addition to serving as the Recorder of Ordinations, he is responsible for collecting insights that help inform CPG’s decisions around major policy initiatives in the area of retirement benefits and also has involvement in technical system launches and integrations. He joined CPG in June 2001 as its director of analytical research.

Prior to joining CPG, he was Associate Director, Duke Pastoral Leadership Project, at the J. Ormond Center of the Duke University Divinity School. Previously, he was a Research Associate with the Religion in Urban America Program at the University of Illinois, at Chicago. His background also includes teaching positions at Duke, North Carolina State, and the University of Illinois at Chicago.

He received a BA in sociology from the London School of Economics, an MA in history from the University of Sussex, and a PhD in sociology from Princeton.

Investing for Positive Impact

Casey C. Clark, CFA
Director of Sustainable & Impact Investing

Casey C. Clark, CFA, is the Director of Sustainable & Impact Investing. He is responsible for providing strategic oversight of Glenmede’s Impact Investing efforts, aligning portfolios with environmental and social goals across public and private markets. He is a regular commentator for print and broadcast media including CNBC, CNN, and MarketWatch and has authored numerous investment and impact-related publications. Previously, he served as a macroeconomic Research Analyst for Glenmede’s Investment Strategy team responsible for formulating the asset allocation for over $25 billion in client assets.

He earned an MBA with concentrations in Business Analytics and Entrepreneurship from the NYU Stern School of Business. He graduated from The Pennsylvania State University, where he received a B.S. in finance and retains the Chartered Financial Analyst® designation.

Michele Giddens
Bridges Fund Management

Michele Giddens co-founded Bridges Fund Management along with Philip Newborough and Sir Ronald Cohen in 2002. The firm is dedicated to sustainable and impact investment and has raised more than £900 million across three types of funds: Sustainable Growth, Property, and Social Sector funds.

Michele has over 20 years of international development and social finance experience. She was an Investment Officer with International Finance Corporation, the private sector financing arm of the World Bank Group in Eastern Europe in the early 1990s, then spent 8 years with Shorebank Corporation, which was one of the leading community development banks in the US. There she ran small business lending programs in Russia, Central and Eastern Europe, advised on microfinance in Bangladesh, the Middle East, and Mongolia, and did research in the US community development finance sector.

Michele received an MBA from Georgetown University and a B.A. Honours in politics, philosophy & economics from Oxford University.

Michele is on the board of the CDC and is Chair of the UK National Advisory Board to the Global Social Impact Investment Steering Group, as established by the G8.

Meredith Jenkins
Chief Investment Officer
Trinity Church Wall Street

Meredith Jenkins is Chief Investment Officer for Trinity Church Wall Street where she is responsible for the investment management and oversight of the church’s endowment and real estate holdings.

Prior to joining Trinity, she was co-Chief Investment Officer for Carnegie Corporation of New York. She joined the Corporation in 1999 as an investment associate for its first Chief Investment Officer. During her tenure, she helped build out the Corporation’s investment function and, after moving to Hong Kong for family reasons, served as the Corporation’s Special Representative to Hong Kong focusing on investment opportunities in Asia, including China, Japan, India, Southeast Asia, and Australia from 2007 to 2011.

Before joining Carnegie Corporation, she worked for Sanford C. Bernstein & Co., and, prior to that, at Goldman Sachs.

She received an MBA from Harvard Business School and a B.A. in English Language and Literature, with Distinction, from the University of Virginia, where she was elected to Phi Beta Kappa.

She serves on the board of the University of Virginia Investment Management Company, the University of Virginia Alumni Association Board of Managers, and the Investment Committee and Board of Trustees of The Wenner-Gren Foundation.

Solomon Owayda
Founding Partner
Mozaic Capital

Solomon is a founding partner of Mozaic Capital with over 27 years of experience investing and managing institutional private equity investment portfolios. Prior to forming Mozaic Capital, Solomon was a Managing Director at Siguler Guff where he joined the firm in 2010 as a senior member of the investment team. Solomon worked on separate accounts and interacted closely with CIOs of pension funds in the analyzing and disposition of private equity partnership interests.

Prior to joining Siguler Guff, Solomon was the Chief Investment Officer of SVG Advisors, the advisory business of SVG Capital PLC where he spent 12 years. Under his leadership, the firm’s private equity portfolio grew to more than €4 billion. The firm pioneered the use of securitization to raise money through debt and equity offerings. He helped establish the firm’s secondary business and transacted in close to $1 billion of interests.

From 1988 to 1997, Solomon was at the California State Teachers’ Retirement System (CalSTRS) as the Director of the Alternative Investments program. During his tenure, CalSTRS committed over $2 billion to US and European partnerships, and made the first secondary investment for the program. While at CalSTRS, he also helped establish the Institutional Limited Partners Association (ILPA) and served as the group’s Chairman until leaving the pension fund in 1997.

He received an MBA from the Sheldon B. Lubar School of Business at the University of Wisconsin and a B.S. in Biology and Biochemistry from Marquette University.

He is a Trustee of the Church Pension Group and serves on the Investment and Audit Committees.

Alan Snoddy, CFA
Managing Director
The Church Pension Fund

Alan Snoddy serves as Managing Director of The Church Pension Fund (CPF).  His primary responsibility is oversight of the global real estate investment portfolio.  He joined CPF in 1996 and has been involved with the firm’s socially responsible investing efforts since 2000.  Prior to CPF, he served as an analyst at Sanford C. Bernstein Inc.

He received a BA from the College of William & Mary and an MBA from Fordham University.  He is a CFA® charterholder.