Updated: Aug 12, 2021
Small Businesswoman and Monterey Park Mayor Launches Bid to be State’s Chief Financial Officer
TRANSLATIONS AVAILABLE BELOW
FOR IMMEDIATE RELEASE
June 3, 2021
Monterey Park, CA (Thursday, June 3) – Today, Yvonne Yiu, successful finance professional and Mayor of Monterey Park, officially announced her candidacy to be California’s next State Controller. If elected, Yiu would be the first immigrant to serve as Controller.
“Following the death of my father when I was age 15, we immigrated to the U.S. from Hong Kong. I will never forget the struggles my mom faced raising three daughters on her own,” said Yiu. “As Controller, I will be a fierce advocate for immigrants, communities of color, women and everyone who has to confront challenges for the opportunity to achieve the American Dream.”
Yvonne has worked as a financial and investment advisor for 25 years. Twelve years ago, she opened her own firm with over $1 billion in assets under her management – all before the age of 40. She previously served as a financial advisor at Charles Schwab and Citibank, Branch Manager at E*Trade and as a Regional Manager at Merrill Lynch where she oversaw 5 international branches, 53 financial advisors and $4 billion in assets.
Throughout her career, Yvonne has made it a priority to help women achieve financial literacy. Yvonne wants to build programs in California to assist more women, communities of color, immigrants and young people – teaching them to manage their personal finances and household budgets, how to save and pay for college and how to prepare for retirement security.
“Our Controller must be a strong voice for financial literacy in disadvantaged communities, protecting our public pensions, promoting financial transparency in government and preserving California’s environmental resources.” said Yiu. “I believe I offer a unique perspective and an extensive experience in investment and finance with the skills to safeguards the state’s money and make sure our investments are sound.”
Yvonne began her public service career on the Monterey Park City Council where she currently serves as Mayor. As State Controller she will continue working to ensure families have access to quality childcare, housing that’s affordable, a good education and the opportunity for a good job with healthcare and retirement security.
Yvonne was inspired by her own mom’s career as a nurse. Like so many other California moms, Yvonne has always had a career while raising her family. She has twin 2-year-old boys and a 20-year-old son working at the National Institute of Health as a cancer researcher. Yvonne’s husband, Dr. Albert Young, is an M.D. and Chief Administrative Officer at Allied Pacific of California IPA.
Yvonne earned her BA degree in Economics from UCLA and her MBA in Finance from Loyola Marymount University. She completed the Certified Regulatory and Compliance Professional Program through the Wharton School at the University of Pennsylvania and holds 12 FINRA Securities Licenses, as well as serving as a FINRA Arbitrator.
Lisa Gasperoni, LG Campaigns
Lisa@lgcampaigns.com, (916) 803-0433