Central 1 Chief Economist Helmut Pastrick to retire after 23 years

Central 1 Chief Economist Helmut Pastrick to retire after 23 years

VANCOUVER, British Columbia, Nov. 26, 2020 (GLOBE NEWSWIRE) — After a excellent 23 years as Central 1’s Chief Economist, Helmut Pastrick, who is synonymous interior the credit rating union system, has decided to retire by the surrender of the year.

Helmut joined Credit Union Central of BC (now Central 1 following the merger of B.C. and Ontario Centrals) as Chief Economist in 1997 following decades working for Canada Mortgage and Housing Company. Helmut led Central 1’s financial division, which provides financial advisory, perception and forecasting to the B.C. (and later Ontario’s) credit rating union system. Having worked through a pair of recessionary cycles, Helmut has supplied an precious analytical converse all over times of industrial duress to credit rating unions.

Known across Canada as an knowledgeable financial and housing forecaster, Helmut elevated the credit rating union system to the forefront of media and protection makers with his purpose, exclaim-it-enjoy-it-is commentary. He modified into an unusual member of the B.C. authorities’s influential Financial Forecast Council, a team of economists appointed to supply the authorities with an unbiased overview of the financial system. Helmut stays on the Council to for the time being.

Below his management, the economics division has change into the ‘trudge-to commentators’ for media on subject matters related to the B.C. financial system, housing markets, and rarely, political matters. Helmut has performed extra than 1,000 media interviews over his profession and his widely sought-after expertise has resulted in speaking at hundreds of shows across the country. Helmut’s expertise has helped to expand the credit rating union system’s fame and credibility among the many monetary and switch neighborhood across Canada. Most no longer too long within the past, Helmut modified into named to the Skilled Panel on the Future of Housing Supply & Affordabilityconvened by the federal and B.C. governments.

He has additionally mentored a quantity of economists at exclaim at Central 1 and of us which have handed through and made their mark in other organizations. His highly methodical reach to financial evaluation and analysis strategies and model out mentoring has raised the bar of the Central 1 economics division and contributed to the success of the team.

Central 1 would settle on to thank Helmut for all his years of service and for bettering the credit rating union system across the country — among our peers and interior the neighborhood.

About Central 1

Central 1 is a most smartly-preferred partner for financial, digital banking and price merchandise and services and products – fuelling the success of companies across Canada. With $21.3 billion in assets, we leverage our scale, energy and expertise to vitality growth for added than 250 credit rating unions and other financial institutions, bettering the financial properly-being of extra than 5 million customers from waft to waft. For extra files, discuss about with www.central1.com.


Meadhbh Monahan (pronounced ‘Maeve’)

Communications Specialist

Central 1

T 604 737 5068

E [email protected]

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