Nathan R. McCarthy, former senior investment officer for the Baptist Foundation of Alabama (TBFA), is the new president and CEO of the Baptist Foundation of South Carolina. McCarthy began his official duties Aug. 28.
While with TBFA, McCarthy managed an investment portfolio of more than $240 million. Prior to that he served as an aeronautical/manufacturing engineer for Lockheed Martin and a financial adviser for Merrill Lynch, according to the South Carolina Baptist Courier.
McCarthy succeeds recently retired president Barry Edwards as the foundation’s eighth president.
“Nathan’s unique experience in engineering and investments lend well to understanding the processes and investment needs of a foundation ministry,” said past foundation board member and search committee chairman Tom Cothran.
McCarthy said, “This foundation has a great history and reputation, and God’s hand is on this team. The Holy Spirit is going to lead this team as we continue to reach, teach and touch Christ’s church through our mission. … I’m looking forward to working with this team in making a strong impact to unleash generosity within the churches of South Carolina.”
A Georgia native, McCarthy graduated from Southern Polytechnic State University (now Kennesaw State University) in Georgia with a bachelor’s degree in industrial engineering. He is currently pursuing a master of divinity degree from New Orleans Baptist Theological Seminary.
McCarthy and his wife, Caron, have four children. (Maggie Walsh)
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