#Canada #Toronto #RBC Global Asset Management #Dan Chornous #Stu Kedwell

RBC Global Asset Management's Leadership Transition

RBC Global Asset Management (RBC GAM) has officially announced the retirement of its long-standing Chief Investment Officer (CIO) Dan Chornous, effective January 31, 2026. This transition will see seasoned investment professional Stu Kedwell stepping into the role of Global CIO. Kedwell's appointment comes after a remarkable period of stability and growth under Chornous, who has served since 2002.

Dan Chornous's career spans 45 years, significantly impacting RBC GAM's growth trajectory and strategic direction. He has been integral in developing robust investment processes and client-centric philosophies, leading the firm through transformative acquisitions, including Phillips, Hager & North Investment Management and BlueBay Asset Management. Chornous's foresight in navigating market trends and nurturing a generation of investment leaders has left a profound legacy at RBC GAM.

In contrast, Stu Kedwell brings nearly 30 years of experience at RBC to his new role. Currently holding the title of Managing Director, Senior Portfolio Manager, and Global Head of Equities, Kedwell has built a solid reputation as one of Canada's top equity investors, consistently recognized for his expertise by Brendan Wood International. Having closely collaborated with Chornous for over 25 years, Kedwell is well-acquainted with the company's investment philosophy and the rigorous standards that have characterized its approach.

Kedwell expressed his enthusiasm for the new position, stating, "I am honoured to take on the role of Global Chief Investment Officer and build on Dan's remarkable legacy. RBC GAM's investment philosophy and client-centric approach are central to our purpose as a global investment manager, and I am excited to lead our talented team as we continue to focus on delivering the best possible outcomes for our clients." His leadership will oversee a diverse team of over 400 investment professionals, managing more than CAD $700 billion in global assets across more than 270 investment strategies.

Looking back on his tenure, Chornous has made extraordinary contributions to RBC GAM, guiding the company through intricate financial landscapes and achieving impressive growth. Damon Williams, CEO of RBC GAM, commended Chornous for his forward-thinking strategies and dedication, stating, "Dan's contributions to RBC GAM have been nothing short of extraordinary. His commitment to innovation and client service has set a high standard for our firm and positioned our global investment team for continued growth and evolution."

As RBC GAM enters this new chapter with Kedwell at the helm, the firm remains focused on its goals and commitment to delivering exceptional results for investors and clients worldwide. The transition also signals an ongoing emphasis on fostering a culture of diverse perspectives and continuous improvement—principles deeply held by both Chornous and Kedwell, which will be essential as RBC GAM endeavors to strengthen its position as a leading global asset manager.

In closing, the leadership transition at RBC GAM is not just a simple change of hands but a strategic move towards enhancing its capabilities and aligning with the evolving needs of its clients. With more than 1,600 employees spanning across various regions, including Canada, the United States, Europe, and Asia, RBC GAM is well-positioned to continue its legacy of excellence in the investment management sector.