John Sinclair, CEO, Announces Pending Retirement After Successful 20-Years Leading New Brunswick Global Investment and Pension Services Manager | July 18 2023
July 18, 2023
–Sinclair Will Stay on as CEO Until Board of Directors Completes a Comprehensive Search Process–
Fredericton, NB —Vestcor Inc. (Vestcor), an integrated investment management, pension and benefits administration organization providing service to 22 different New Brunswick public sector client groups, today announced that its Chief Executive Officer John Sinclair has informed the Board of Directors of his intention to retire after a successful 20-year period leading the organization. Sinclair will stay on as CEO at Vestcor, which has over $20 billion in assets under management, until a successor is named following a Board-led executive search process considering qualified internal and external candidates.
“On behalf of the Board of Directors and the over 150 professionals who work at Vestcor, I want to thank John Sinclair for his commitment to this organization and the over 111,000 pension plan and benefit program members who have benefited greatly from his expertise and leadership over the past two decades. His long-term vision and prudent management have enabled Vestcor to exceed the long-term objectives of clients,” said David Losier, Chair of Vestcor’s Board of Directors. “We appreciate that John has accepted to stay on as CEO, supported by his strong leadership team, until the Board completes a national search for the next leader of this important organization, so leadership continuity is ensured.”
Vestcor is an independent not-for-profit company headquartered in Fredericton, New Brunswick that provides global investment management services and benefits administration to public sector client groups representing 140 employer groups and more than 111,000 individuals. Assets under management have grown from approximately $6 billion in 2003 when Sinclair assumed his leadership role to over $20 billion today.
“I have been part of Vestcor for more than two decades and over that time we have built a world class investment management and pension services team based right here in New Brunswick for the benefit of New Brunswickers,” said John Sinclair, CEO of Vestcor. “I want to thank my Vestcor colleagues, our owners and stakeholders for their strong support over the years and I will be watching with great interest as the organization continues its steady growth in the future.”
A Partner in Creating and Delivering Sustainable Financial Security.
Vestcor is an independent not-for-profit company located in Fredericton, New Brunswick which provides global investment management services to 10 different public sector client groups representing approximately $20 billion in assets under management as of December 31, 2022, and administration services to 11 public sector pension plans and 4 employee benefit plans.
Vestcor’s team of more than 150 service professionals provides innovative, integrated, cost-effective investment management and pension and benefit administration services solutions to public sector entities. Vestcor currently services the requirements of over 111,000 individual plan members and 140 participating employer groups. Further information about Vestcor is available at Vestcor.org.
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