Applicant

Controller

Applicant Yvonne Yiu is asking you to hire her for the role of controller, which pays $174,843 per year. Her resume:

Yvonne Yiu

Councilmember, city of Monterey Park

Professional Profile

A big part of Yvonne Yiu’s pitch to be elected controller is her experience managing finances. She spent 25 years in asset management, securities and legal compliance for banks. She’s now retired, but for the past decade has still worked part-time as an arbitrator and expert witness for the Financial Industry Regulatory Authority, a private corporation that aims to self-regulate the finance industry.

Yiu began her public service career on the Monterey Park City Council in 2020, serving as mayor until February of this year. As controller, she’s looking to combine her experiences: Using the public office to help the state manage money, as well as helping Californians achieve financial security.

She also sees a broader role in the job: To be an advocate and voice to help solve big issues such as access to health care, income inequality, quality education and homelessness and affordable housing. 

Update: Yiu did not advance to the November general election.

Experience

City Councilmember, Monterey Park

April 2020-present

Was part of a city effort to create a mobile app rewards program to stimulate the local economy. 

Mayor, Monterey Park

December 2020-February 2022

Oversaw the distribution of a $110 million pension obligation bond at a 2.66% interest rate, which saved the city $55 million while protecting public pensions.

CEO of Key West

2009-2018

Founded an investment and brokerage firm that managed $500 million in assets.

The firm put together deals including a $70 million real estate fund in downtown Los Angeles with a large Chinese developer.

The firm was censured and fined by the Financial Industry Regulatory Authority for improperly depositing investor funds in a real estate trust account owned by one of the fund’s managing members. 

Part-time TV news anchor 

June 2009-June 2011

Reported news from the U.S. in Cantonese for TVB network. 

Financial advisor/asset manager

1998-2009

Worked as vice president of regional sales for Merrill Lynch, as a branch manager for E*Trade Financial, a financial executive for Citicorp Investment Services and as an investment specialist for Charles Schwab.

References

  • Mayors and city council members of at least 18 cities, mostly in the San Gabriel Valley   
  • Former state controller and Treasurer John Chiang
  • Democratic lawmakers from eastern Los Angeles County and Orange County, including Sen. Bob Archuleta from Pico Rivera, Assemblymember Mike Fong from Los Angeles and U.S. Rep. Linda Sanchez, a Democrat who represents Whittier, Norwalk and the surrounding cities.  

Fun Fact

If not finance or politics, Yiu’s career might have been in theater. The first job she applied for after college? Broadway opera singer. She still enjoys singing, especially karaoke.

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“A criticism that I get a lot is that people don’t know who I am….I’m a working mom, a public servant, a proud immigrant and someone committed to being with you every step of the way.

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