Central 1 Credit Union Appoints Priyal Thakrar as Incoming Chief Financial Officer

Strategic Insights -

Central 1 Credit Union has announced the appointment of Priyal Thakrar as its incoming Chief Financial Officer (CFO), set to transition into the full role on December 1, 2025. Thakrar brings 30 years of strategic financial and operational leadership experience across the financial services and public sectors, with his most recent role as CFO and EVP of Lending & Technology at Infrastructure Ontario. He has also held leadership positions at Scotiabank, BMO Financial Group, Aviva Canada, and Manulife Financial Corporation. Thakrar's expertise in treasury, financial planning, and risk management will support Central 1's ongoing evolution and drive sustainable financial performance.

Key Takeaways:

  • Priyal Thakrar joins Central 1 as incoming Chief Financial Officer, bringing nearly 30 years of strategic financial and operational leadership experience.
  • Thakrar most recently served as CFO and EVP of Lending & Technology at Infrastructure Ontario, leading transformative initiatives that enhanced financial systems and aligned financial planning with strategic priorities.
  • He has held leadership positions at Scotiabank, BMO Financial Group, Aviva Canada, and Manulife Financial Corporation.
  • Thakrar has deep expertise in treasury, financial planning, and risk management, making him a strong fit for the Chief Financial Officer role.
  • Emma Hider has continued to serve as Central 1's Chief Financial Officer, with Priyal transitioning into the role on December 1, 2025.
  • Central 1's executive leadership team includes Sheila Vokey (President & CEO), Julier Breuer (Chief Client and Operations Officer), Brent Clode (Chief Investment Officer), Barclay Hancock (Chief Payments Officer), Carol Ann Northcott (Chief Risk Officer), and Daniel Semmens (Chief Technology Officer).

Statistics:

  • Central 1 Credit Union provides services with assets of $10.4 billion as of June 30, 2025.
  • The credit union serves over 5 million diverse customers across Canada.
  • Central 1 has a strong focus on capital and cost management, aiming to reduce corporate expenses over time.

Sources:

  • Central 1 Credit Union [www.central1.com]
  • GlobeNewswire [globenewswire.com]
  • In-House Sources [Central 1 Credit Union]