The new appointment comes after decades of experience with the company.
BDC Capital, the investment division of the Business Development Bank of Canada, has appointed Karl Reckziegel (pictured) as vice-president, funds and co-investments.Reckziegel joined BDC’s venture capital team in 1992 and since then has served in a variety of roles in the company, including as a vice-president and area manager for Vancouver in 1998 and director of venture capital in 2002.
In 2008, he became managing director of special situations, where he oversaw turnarounds, workouts and divestitures within the company’s portfolio at a national level. In 2010, he became vice-president of operations and performance management.
Prior to his current appointment, Reckziegel was vice-president of strategy and operations support, where he was responsible for all aspects of operational management and strategic planning.
Reckziegel has served on the board of a number of companies, including Galazar, a semiconductor vendor for network hardware, from 2006 to 2008 before they were acquired by semiconductor manufacturer Exar, and Colubris Networks from 2004 to 2008, before they were acquired by IT company Hewlett Packard.
Starting his career as an engineer, Reckziegel studied for a BscCE in Civil Engineering from New Brunswick University from 1977 to 1984, then worked at oil company Esso Petroleum and Euronov Services, before earning his MBA in Finance & Entrepreneurship at John Molson School of Business in 1992.
Reckziegel told Global Government Venturing: “I am very excited about the opportunity. The Canadian venture market has experienced very positive momentum in the past several years. I look forward to leading a team of professionals who will do whatever they can to ensure that momentum is maintained.”
– Image courtesy of BDC Capital