Corporate Overview
Overall day-to-day management of Vestcor Inc. (jointly owned through Vestcor Corp.) is delegated to the President & Chief Executive Officer, while the Chief Financial Officer is responsible for corporate and financial matters, the Chief Pension and Benefits Operations Officer is responsible for pension and benefit administration matters, and the Chief Investment Officer is responsible for investment matters.
The Corporate Officers are:
- Sean Hewitt, CFA, ICD.D – President and Chief Executive Officer
- Brent Henry, CPA, CA – Chief Financial Officer
- Jon Spinney, CFA – Chief Investment Officer
- Marilyn McConnell, CPA, CGA – Chief Pensions and Benefits Officer
- Jennie Noel-Theriault, GPC.D – Corporate Secretary
- Ying Wu, CFA – Chief Compliance Officer – Investments
Risk can be defined as the potential for loss caused by an event or series of events that can adversely affect the achievement of a company’s business objectives.
The mission of Vestcor is to provide innovative, cost effective, and prudent investment and benefit administration services that address the needs of public sector funds.
To achieve this mission, our business processes, whether they are strategically-focused, investment related or operational in nature, must continually balance risk and return.
Our enterprise risk management framework has been put in place to integrate strong corporate oversight with a series of well-defined, independent risk management systems and processes. Our risk management process involves the participation of the Vestcor Inc. Board, management team, and external service providers.
The following document presents our philosophy and approach to management of risk by identifying:
- The types of risks we are facing in our normal business, pension administration and investment operations; and
- Which parties are accountable for monitoring each risk type, while also outlining the means and timing through which we seek to measure and manage these risks.
The basic responsibility of all employees and directors is to act in the best interest of Vestcor in directing its affairs, and to do so within applicable laws, regulations, and codes. Vestcor’s directors, officers, and employees have a relationship of trust with our clients and stakeholders.
The Board of Directors, through its Governance Committee, is responsible for approving the Code of Ethics and Business Conduct that governs the ethical affairs of the corporation. Directors and employees must annually acknowledge understanding and compliance with the Code of Ethics and Business Conduct.
For a copy of the Code of Ethics and Business Conduct policy, please see below.
Vestcor Code of Ethics and Business Conduct