Traditional territory of many Indigenous Nations, including the Haudenosaunee and the treaty territory of The Mississaugas of the Credit/Toronto, ON
Vancity Community Investment Bank (VCIB), Canada’s first values-driven national bank with a vision to finance a sustainable tomorrow and a subsidiary of Vancouver City Savings Credit Union (Vancity), today announced the appointment of Vince Gasparro as the organization’s new Managing Director, Corporate Development.
Vince joins VCIB from the office of Toronto Mayor John Tory, where he has served as Principal Secretary, leading the implementation of the Mayor’s public policy objectives and all intergovernmental affairs. In the past year, Vince was also responsible for Create TO, Toronto Community Housing, Toronto Hydro, and Toronto Global among other policy files.
Vince also spent more than a decade in the financial industry at Lynx Equity, a Toronto based diversified Private Equity Fund, in various roles and capacities. As part of Lynx, he completed acquisitions and financings within different sectors of the economy, including renewable energy projects.
In his new role at VCIB, Vince will accelerate and build on his achievements in moving affordability and impact investing ahead in the Greater Toronto Area. His key accountability at VCIB will be to develop corporate strategies that drive new revenue through partnerships with business and government. He will also further build on the bank’s existing strategic relationships with other financial institutions, key community partners, funders, and investors to expand VCIB beyond Ontario.
“Vince’s experience in financial services and government uniquely position him to identify key strategic opportunities to use the tools of finance to drive immediate and lasting social and environmental change in the Greater Toronto Area,” said Jake Stacey, Vice President, Impact Banking, VCIB. “More importantly, he understands the work we do, why we do it, and the positive impact we’re committed to making in communities across Canada.”
“I’m excited to be joining such a strong team focused on doing innovative work in the financial sector,” said Vince. “VCIB is future-focused and will impact our communities positively for generations to come. I’m looking forward to helping drive the bank’s success and long-term impact.”
VCIB is the first and only Canadian bank exclusively focused on partnerships with organizations that drive social, economic, and environmental change. In its first two years, VCIB has used this model to enable organizations to make significant contributions in the areas of affordable housing, co-working spaces, community hubs, and green buildings.
“Climate change and housing affordability are two of the most critical challenges facing our communities. Vince’s involvement in renewable energy projects and initiatives to alleviate poverty in Toronto has earned him respect in the government and business communities,” said Jake. “We look forward to his expertise as we grow our capabilities to serve impact organizations working for social and environmental change.”
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About Vancity Community Investment Bank (VCIB)
VCIB is an Ontario-based schedule 1 national chartered bank. As Canada’s first values-driven bank, VCIB partners exclusively with organizations that drive social, economic, and environmental change. The bank is committed to connecting these visionary enterprises with the financial solutions they require, enabling them to grow, prosper and foster change. VCIB’s first focus is on lending for social purpose real estate (affordable housing, co-op housing, co-working spaces, green and heritage buildings), as well as meeting the deposit needs of not-for-profit organizations, foundations, and social enterprises. For more information, visit vcib.ca, tweet us at @BankVancity and connect with us on Facebook.com/BankVancity.
About Vancity
Vancity is a values-based financial co-operative serving the needs of its more than 534,000 member-owners and their communities, with offices and 59 branches located in Metro Vancouver, the Fraser Valley, Victoria, Squamish and Alert Bay, within the unceded territories of the Coast Salish and Kwakwaka’wakw people. With $27.4 billion in assets plus assets under administration, Vancity is Canada’s largest community 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.
Land acknowledgement
Our office is situated on the lands of many Indigenous Nations. We bring our hearts and minds together and acknowledge the traditional territory of many Indigenous Nations, in particular, the Haudenosaunee and the treaty territory of the Mississaugas of the Credit.
For more information please contact:
please contact mediarelations@vcib.ca
