Michael Kerdachi has been promoted to Vice President of Treasury Solutions, leading our Treasury Operations team based in Vancouver and Toronto. Michael is responsible for overseeing a portfolio including securitization, credit union lending, deposits, IFRS 9 and economics.
Since joining Central 1 in February 2020 as Head of Treasury Solutions for the Treasury Group, Michael has provided Treasury operations leadership to the team and continues to help our members successfully navigate the pandemic and current economic environment.
As the primary liquidity provider to the credit union system, the Treasury Solutions team supports our members and their liquidity needs with various products and services. From supporting our members through successful securitization and residential mortgage funding to investing in short-term special deposits, our Treasury team is committed to providing our members with the expertise, products and services to ensure their success.
In addition to delivering existing Treasury products to clients, Michael will be focused on identifying, developing and delivering new products and services to our members and clients across Canada. A key priority for our Treasury team is diversifying our services to provide the benefit of scale, enabling the long-term success of our credit union system.
Prior to joining Central 1, Michael Kerdachi was chief financial officer at Prospera Credit Union (Prospera) since 2016. He joined Prospera in 2004 and was highly commended for his leadership and contributions including his support to Central 1 in creating various treasury products for the system.