(February 23 – 16:10 ET) – Vancouver City Savings Credit Union has announced the appointment of Dave Mowat as its new Chief Executive Officer. VanCity’s chairman, Coro Strandberg says Mowat “shares the board’s priorities for the future and will provide excellent leadership and strong direction in the organization.”
The 44-year-old Mowat came to VanCity in 1998 as CEO of VanCity Capital Corporation, with a mandate to generate business growth by providing risk capital to promising enterprises. Since September 1999, Mowat has also been responsible for VanCity’s small- and medium-sized business lending activities. He will assume the CEO position effective March 1, 2000.
Mowat came to VanCity from the Business Development Bank of Canada, where he was Senior Vice-President with national responsibility for venture capital and subordinated debt. He began working for BDC in 1979, after graduating from UBC in 1978 with a finance degree. With BDC, he was based in Vancouver for 15 years before transferring to Montreal, where he spent five years in various senior executive positions.
-IE Staff