July 9, 2021
Victoria, British Columbia – British Columbia Investment Management Corporation (BCI) is pleased to announce the appointment of Ramy Rayes as acting executive vice president, investment strategy & risk. He is responsible for setting, implementing, and monitoring our clients’ investment strategies and providing independent advice to BCI’s stakeholders.
Rayes joined BCI in 2016 and previously served as vice president of strategic asset allocation, where he was responsible for research and recommendations related to clients’ asset allocation, investment strategies, and a wide range of other investment topics.
Rayes replaces Stefan Dunatov, who is joining the Abu Dhabi Investment Council (ADIC) in the role of chief strategist. Dunatov joined BCI in 2017 and helped expand BCI’s investment strategies and risk capabilities. Dunatov also represented BCI on several boards and committees, including the QuadReal board of directors.
“On behalf of our executive management team, I want to thank Stefan Dunatov for his strong support of our client objectives and his leadership and vision to evolve BCI’s approach to investment strategy and risk. We wish him tremendous success in his new role,” said Gordon J. Fyfe, BCI’s CEO/CIO.
“While it was a difficult decision to leave BCI, my family and I are very excited for this new opportunity and adventure. I have every confidence in Ramy Rayes’ leadership, and I know the team will continue to thrive in his capable hands until my replacement is found,” said Dunatov.
A comprehensive executive search for a permanent candidate to fill the role is currently underway. We expect to continue our existing delivery of services throughout this leadership change.