BCI is pleased to announce the appointment of Jennifer Hartfield as senior vice president, corporate data & operations. As head of the newly formed corporate data & operations department, Jennifer is responsible for delivering centralized corporate-wide business services including, corporate business planning, advanced analytics and data science, data governance, and global facilities management.

“Establishing the corporate data & operations department enables this team to operate at the intersection of business, technology, and corporate services and ultimately drive us towards our long-term vision,” says Shauna Lukaitis, chief operating officer. “Jennifer’s extensive background in data and technology, deep insights into our business, and proven leadership skills during her last six years at BCI puts her in a unique position to lead this department.”

“I am excited for the opportunity to lead this new department,” says Jennifer Hartfield, senior vice president, corporate data & operations. “Aligning business planning, data and analytics, and global operations will help us make critical and effective operational business decisions.”

Jennifer holds a bachelor of science from the University of British Columbia, a certificate in project leadership from Cornell University, a project management professional (PMP) designation, and a CFA Institute Investment Foundations® certificate. She has also completed the general management program at Harvard Business School.

BCI welcomes Jennifer to the senior leadership team. More information about BCI’s senior vice presidents can be found here.

CONTACT

Olga Petrycki, Director, External Stakeholder Engagement
778-410-7310 | media@bci.ca

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BCI is pleased to announce the appointment of Michel Drolet as senior vice president, corporate risk & audit and chief audit executive. As head of the newly formed corporate risk & audit department, Michel is responsible for supporting the strategic oversight of the corporation’s enterprise risk management, internal controls, and internal audit functions.  

The department’s mandate is to strengthen and protect BCI’s organizational value by providing assurance, advice, and insight on BCI’s risks and control practices. Bringing together three complementary branches enables this division to work together to enhance enterprise risk awareness, responsiveness, and decision-making. To preserve the independence of the internal audit function, Michel has a dual reporting relationship to the chair of BCI’s audit committee and to the chief operating officer.  Additionally, BCI outsources all audits of functions under his oversight. 

“Establishing this department supports BCI’s vision to align risk strategies and create risk synergies that benefit the entire corporation,” said Shauna Lukaitis, chief operating officer, British Columbia Investment Management Corporation. “Michel is a proven leader, who has done an outstanding job leading the internal audit team since joining BCI in 2018. He is a trusted subject matter expert on risk considerations and with his sponsorship, we will see a proactive approach to risk monitoring, reporting, and advising.”  

“I’m excited for the opportunity to lead this new department, which will enhance BCI’s corporate risk mitigation and management capabilities, and ultimately help us to better support our business plan objectives and client needs,” said Michel Drolet, senior vice president, corporate risk & audit and chief audit executive, British Columbia Investment Management Corporation. “By integrating risk, audit, and control advisory functions, we can develop a more holistic view of organizational risk and deliver relevant and timely information for internal and external stakeholders.”  

Michel holds a bachelor of business administration from the University of British Columbia. He is a Chartered Professional Accountant (CPA, CMA) and a Certified Internal Auditor (CIA). Michel is currently a CFA® Program participant, CFA Institute, and completed level 2 in 2021. 

BCI welcomes Michel to the senior leadership team. More information about BCI’s senior vice presidents can be found here.  

For information, please contact media@bci.ca 

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.

For more information, please contact media@bci.ca.

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.