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Vancity appoints Wellington Holbrook as new president and CEO

Holbrook will take the reins from interim CEO Nez Aquino
Vancouver City Savings Credit Union revealed this week Wellington Holbrook will be taking over as president and CEO later in the month.

Vancouver City Savings Credit Union (Vancity) has named Wellington Holbrook as its new president and CEO starting on Jan. 15.

Holbrook will take the reins from Nez Aquino, who has served as Vancity’s interim CEO since last July, when former president and CEO Christine Bergeron moved to Concert Properties.

Holbrook has 30 years of experience working in Canada’s financial services industry and served as the CEO of connectFirst Credit Union, chief transformation and technology officer at ATB Financial and senior vice-president of operations at the Business Development Bank of Canada, before joining Vancity, according to a Jan. 8 press release.

“I've dedicated my working life to cooperatives and banking institutions with missions that extend beyond profits,” said Holbrook in a statement.

“Vancity's distinctive community banking approach, coupled with empowered teams, and socially innovative services, sets it apart from all others. I’m really excited to lead such an inspiring organization.”

Rita Parikh, chairwoman of Vancity’s board of directors, said Holbrook’s deep knowledge and understanding of the financial sector will be a “huge asset.”

“Wellington brings with him profound insights and leadership acumen that reinforce our commitment to financial strength, community leadership, and climate action,” she said in a statement.

“I would also like to thank Nez Aquino for stepping into the interim CEO position over the last number of months. Nez demonstrated remarkable commitment and leadership during this period.”

Aquino will remain CEO of Vancity Community Investment Bank and Vancity’s chief risk officer, according to Parikh.

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