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Applicant
Controller
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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.
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