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Vancity announces new appointments of Chief Financial Officer and Chief Legal Officer to senior executive team

Frances Yip will lead as Chief Financial Officer and Angela Yadav takes up the role as Chief Legal Officer

October 15, 2024, Territories of Musqueam, Squamish and Tsleil-Waututh Nations/Vancouver B.C. - Vancity has announced the appointment of two new executive team members. Frances Yip will be the credit union’s new Chief Financial Officer (CFO) and Angela Yadav will join as the Chief Legal Officer (CLO).

As CFO, Frances will play a vital role in Vancity’s efforts to create long-term value for its 560,000 members, using the power of finance to advance social responsibility and drive revenue and impact. She will be responsible for overseeing the credit union’s finances, treasury, forecasting, and regulatory compliance. Frances will take up her new role with Vancity on December 2, 2024.

Frances is a Chartered Professional Accountant and a Chartered Financial Analyst (CFA) charterholder with over 18 years of experience in the financial sector, including significant roles at some of British Columbia's leading organizations. She brings a wealth of senior leadership expertise, joining Vancity after almost a decade at Coast Capital Savings where she served as both Vice President of Finance and Vice President of Financial Planning and Analysis.

As Chief Legal Officer, Angela Yadav will head Vancity’s legal team, and she will also lead the credit union’s operations, overseeing real estate, procurement, and vendor relationships. Angela started her new role on October 1, 2024.

Angela is a seasoned lawyer with over 20 years of experience. She has spent most of her career serving in Canada’s financial sector. She comes to Vancity after serving as Associate General Counsel at HSBC Bank Canada and Managing Counsel and Director at RBC.

“We’re exceptionally lucky to have Frances and Angela join our leadership team at an exciting time for Vancity. Each of them is a recognized leader with impressive accomplishments and deep experience who I know will help us build a new and improved Vancity and continue our quest to become the best financial institution in Canada,” said Wellington Holbrook, President and CEO.



About Vancity

Vancity is a values-based financial co-operative serving the needs of its 570,000 member-owners and their communities, with offices and more than 50 branches located in Metro Vancouver, the Fraser Valley, Victoria, Squamish and Alert Bay, within the territories of the Coast Salish and Kwakwaka'wakw people. With $35.5 billion in assets plus assets under administration, Vancity is Canada's largest credit union. Vancity uses its assets to help improve the financial well-being of its members while at the same time helping to develop healthy communities that are socially, economically and environmentally sustainable.

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