Global Trust Company (GTC), a wholly owned subsidiary of BPAS, a national provider of retirement and benefit plans, has added to its business development team to support the evolving retirement and investment landscape. We are excited about the addition of industry veteran and New Hampshire native Victor Kwitkiwski to the GTC business development team as National Sales Manager – Head of Distribution. He will report to Vincent Manning – Chief Development Officer.
In recent months, the retirement industry has seen notable shifts. Administrators are facing increased demand for consulting-focused firms that operate with high accountability and agility as they work with advisors and plan sponsors. Simultaneously, investment trends are expanding beyond publicly traded securities, as alternative asset classes such as private credit, real estate, and private equity are increasingly being sought as a potential investment option for retirement plans.
Driving Innovation in Retirement Investing
Kwitkiwski, now a key member of the business development team at GTC, brings a strong track record of strategic growth and leadership. Over the past four years, he led the Workplace Retirement Plans sales team at BPAS, where he played a pivotal role in expanding defined contribution and defined benefit plan assets, participants, and advisor relationships across new distribution channels.
In his new role, Kwitkiwski is extending this momentum to the institutional and investment-only (IO) markets. He is leading the development of GTC’s national distribution strategy, including market segmentation, financial intermediary mapping, and engagement with national accounts, aggregators, consultants, and recordkeepers. The role builds on his deep industry experience and positions GTC for continued growth.
“Victor has played a key role at BPAS for years, as he ran the New England territory, and then managed our national retirement sales team. We’re so grateful for his many contributions to our firm,” said Paul Neveu, BPAS CEO.
Victor, and his deep retirement plan technical knowledge, is a great addition to our business development team. As our team works with asset managers, custodians, consulting firms and other intermediaries to build and distribute solutions, Victor’s knowledge and experience will be a tremendous asset. We are excited about the future of GTC,” said Freddie Jacobs, Jr., GTC CEO.
The Convergence of DC and IO Markets
The central focus of this strategy is the convergence of defined contribution (DC) and investment-only markets. GTC, long recognized as a trusted fiduciary for leading asset managers, is helping usher private market solutions and CITs into the DC space via advisor managed accounts (AMAs), target date funds, and core investment menus.
“This evolution is especially evident in our work with two of the five largest retirement service providers and the seven private market managers participating in their AMA solution,” Kwitkiwski said. “It’s a prime example of how we’re actively shaping the future of retirement investing.”
BPAS and GTC’s joint go-to-market strategy targets the entire financial intermediary ecosystem, including RIA aggregators, retirement plan advisors, wirehouses, banks, recordkeepers, clearing firms, and institutional consultants.
“In addition to sponsoring trusts and funds, as trustee —we’re advising, and delivering value to every stakeholder,” Vincent Manning added. “GTC is uniquely positioned to continue to provide innovative solutions across the retirement marketplace.”
About BPAS
BPAS is a national provider of retirement plans, benefit plans, fund administration, and institutional trust services. Since 1973, we’ve made it our mission to simplify the complicated by delivering benefit-plan services that solve client challenges without the need to engage multiple providers. We support more than 6,100 plans, $110 billion in trust assets, $1.3 trillion in fund administration, and 910,000 participants.
The BPAS family of services includes Workplace Retirement Plans, Actuarial & Pension, Health Benefits Consulting, IRA, VEBA/115 Trusts, Health & Welfare Plans, Fiduciary, Collective Investment Funds, Fund Administration, Institutional Trust, and Advisor Coaching.
As a solutions-oriented national practice, BPAS is committed to “Solving Tomorrow’s Benefit Challenges Today.”
About GTC
Global Trust Company (GTC), a BPAS subsidiary, is a leading independent trust company specializing in sponsoring and administering commingled investment products. Recognized for our fiduciary expertise and innovation, GTC partners with asset managers to deliver flexible, cost-efficient solutions for institutional investors. With a full range of directed and discretionary trustee services and expertise for Collective Investment Trusts (CITs), Institutional Trust Products, Group Trusts, and Non-Registered Funds, we’re uniquely positioned to help identify cost efficient, fiduciary supported investment solutions that boost investor outcomes. As a trusted industry leader, we provide a proven platform for bringing investment strategies to market with speed, scale, and compliance to support the evolving needs of retirement plans nationwide.