Rechelle Effendy Appointed as BCI’s Acting Senior Vice President, Finance & Chief Financial Officer

March 7, 2024

Victoria, British Columbia – British Columbia Investment Management Corporation (BCI) is pleased to announce the appointment of Rechelle Effendy as Acting Senior Vice President, Finance & Chief Financial Officer. In this role, Rechelle is responsible to lead and manage BCI’s investment and corporate accounting, investment performance, finance operations, finance client engagement, tax, financial planning, procurement, and financial reporting and valuations teams. Rechelle joined BCI in 2020 and previously held the role of Vice President, Finance.

Rechelle Effendy replaces Umar Malik, who has joined BCI’s private equity team as Senior Managing Director, Chief of Finance. In this role, Umar will oversee the private equity group’s financial management and portfolio insights.

“We have every confidence that BCI’s finance team will continue to deliver the same level of world-class service under Rechelle’s leadership and are delighted to recognize her valuable contributions. We wish Rechelle and Umar great success in their new roles,” said Shauna Lukaitis, Chief Operating Officer.

As standard practice at BCI, a comprehensive executive search for a permanent Senior Vice President, Finance & Chief Financial Officer will be undertaken.

Read more about the private equity group appointments here.


Olga Petrycki
Director, External Stakeholder Engagement
778-410-7310 |