December 21, 2021
Victoria, British Columbia – British Columbia Investment Management Corporation (BCI) is pleased to announce the permanent appointment of Ramy Rayes as executive vice president, investment strategy & risk. An extensive recruitment search was completed for the role after it became vacant in July of this year. Amongst a pool of global candidates, Rayes was determined to be the best suited for the position.
“Ramy has done a tremendous job as acting executive vice president for the last several months and we are pleased to welcome him permanently to the executive management team,” said Gordon J. Fyfe, BCI’s chief executive officer and chief investment officer. “He is well positioned to lead the strategy and risk functions of our business today and into the future. We look forward to the evolution of the program under his guidance.”
“Development of investment strategy and risk management are at the core of what we do at BCI. It’s all about helping our clients meet their investment objectives within their risk tolerances. I am thrilled to be assuming leadership of this very important program,” Ramy Rayes said upon his permanent appointment to the role.
Rayes joined BCI in 2016 and previously served as vice president of strategic asset allocation. He advised clients on their strategic asset allocations and the implementation of their investment strategies. Prior to joining the corporation, Rayes held a senior position at LifeWorks (formerly known as Morneau Shepell) where he advised employers on all aspects of asset & liability management for their pension and benefit funds. Rayes holds a bachelor of science in mathematics from the University of Montreal. He is an associate of the Society of Actuaries and the Canadian Institute of Actuaries, and a financial risk manager certified by the Global Association of Risk Professionals. Ramy also serves on the Continuing Education Committee of the Canadian Institute of Actuaries.
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