SURREY, British Columbia, Sept. 06, 2018 (GLOBE NEWSWIRE) -- The board of directors of Coast Capital Savings is pleased to announce the appointment of respected financial services executive Calvin MacInnis as its new president and CEO, effective September 24. The appointment follows an extensive international search.
“Calvin is an outstanding national leader and accomplished CEO in the financial services sector,” says Bill Cooke, Chair of the Board of Directors. “Direct experience in successfully launching and leading large national organizations is critical as we continue our work to become a federal credit union. Calvin has proven strength in the many areas where Coast Capital must be successful, both in B.C. and as we work to become a federal credit union, including strategic planning, customer experience, capital-raising, new market development, regulatory experience and technology trends. Most importantly, he also brings a profound commitment to values-based organizations and leadership.”
Calvin started his career with Canada Trust in 1988. He served most recently as President, Direct Investing at Toronto Dominion Bank, responsible for serving over 1.5 million investors with $150 billion in deposits. Prior to that, he co-founded and served as Managing Partner of QTrade Financial Group, the Vancouver-based national online brokerage firm that was acquired by Desjardins. He also served as President of Assante Corporation for four years, prior to its acquisition by CI Fund Management.
“I am delighted to be joining the outstanding team at Coast Capital Savings,” says MacInnis. “I have always respected Coast Capital’s purpose-driven commitment to its members’ financial well-being, and its goal to become a federal credit union so it can offer a new choice to Canadians at a national level.”
Current interim president and CEO Bruce Schouten will return to his previous role as Chief Risk Officer, and will work closely alongside MacInnis over the coming months, including leading Coast Capital’s preparations to become a federal credit union.
“I want to express the board’s deep gratitude and appreciation to Bruce Schouten for his outstanding leadership as interim CEO,” says Cooke. “Bruce has led a number of important achievements over the last eight months as interim CEO, including overseeing our application to OSFI for federal continuance, streamlining our corporate priorities, and instituting a robust new strategic planning exercise.”
Coast Capital Savings
Coast Capital Savings is Canada’s largest credit union by membership. An Imagine Canada Caring Company and a certified B Corporation in recognition of its social performance, the credit union invested $5.6 million into local communities in 2017, focusing on empowering and engaging youth. Coast Capital is one of Canada's Most Admired Corporate Cultures™, and is a winner of the Canada's Best Managed Companies Platinum Club designation. It has 52 branches serving its 555,000 members in the Metro Vancouver, Fraser Valley, Vancouver Island and Okanagan regions of British Columbia. Product innovations include Canada's first free chequing account from a full-service financial institution. To learn more, visit coastcapitalsavings.com.
For further information, please contact:
Erin McKinley
Manager, External Communications
604 836 6924
erin.mckinley@coastcapitalsavings.com