Vestcor has appointed Sean Hewitt as its new president and CEO.

Hewitt will succeed Vestcor’s retiring top executive John Sinclair in mid-April. Sinclair has led the institutional investment firm for the past 20 years.

Fredericton, N.B.-based Vestcor is an integrated investment management, pension and benefits administration organization that provides services to about 20 different Atlantic Canadian public sector clients. The company is jointly owned by the New Brunswick public service and teachers pension plans, and has about about $20 billion in global investment assets under management.

Hewitt will assume Vestcor’s helm after leaving his post as the inaugural president of the Toronto Transit Commission Pension Plan. Since launching with Hewitt’s help in 2016, the TTC Pension Plan has accumulated about $8 billion in assets under management while representing.

Hewitt has about two decades of experience within the pension and investment sectors. Before heading the TTC Pension Plan, he served for about five years as director of the Canadian Pacific Railway’s pension assets in Calgary. The firm is now known as Canadian Pacific Kansas City, following a merger with Kansas City Southern Railway in 2023.