Leadership Transition at RBC Global Asset Management
Dan Chornous to retire after a successful career
RBC Global Asset Management ("RBC GAM") has revealed a significant leadership transition with the impending retirement of Dan Chornous, the current Global Chief Investment Officer (CIO). His retirement is set to take effect at the end of January 2026. Following Dan's esteemed tenure, Stu Kedwell will step into the role of Global CIO, ensuring a smooth leadership transition and the continuity of the firm’s investment strategies.
Meet the New Global Chief Investment Officer
Stu Kedwell brings nearly three decades of experience with RBC, making him a seasoned investment professional well-equipped for this new responsibility. In his current position as Managing Director, Senior Portfolio Manager, and Global Head of Equities, he has consistently demonstrated a commitment to the firm’s values and investment philosophy. His accomplishments include being recognized as one of Canada's premier equity investors for ten consecutive years by a respected industry awards program.
Having collaborated closely with Dan Chornous for over 25 years, Kedwell is deeply aligned with the rigorous investment processes that define RBC GAM. He expressed enthusiasm for taking on the responsibilities of Global CIO, emphasizing his commitment to continue the firm’s legacy of client-centric investment management.
Investment Management Leadership
In his new role, Kedwell will oversee a diverse team of over 400 investment professionals across the organization. RBC GAM currently manages more than CAD $700 billion in assets, employing over 270 investment strategies across a wide variety of asset classes. In addition to his CIO duties, he will maintain his role in co-managing the RBC North American Value Fund, working alongside Doug Raymond, who is the Managing Director and Senior Portfolio Manager.
Reflecting on Dan Chornous's Impact
Dan Chornous has served as RBC GAM's Global CIO since 2002, during which time he has made significant contributions to the firm’s growth and evolution. His strategic leadership has been instrumental in establishing and refining a client-focused investment approach, particularly as the firm expanded through key acquisitions. His knack for anticipating market trends and his dedication to mentorship has left a lasting impact on RBC GAM’s culture and success.
Looking Ahead for RBC GAM
CEO Damon Williams commended Dan's exceptional contributions to the firm, highlighting his innovative approach and steadfast commitment to client service. Williams affirmed that the foundation laid by Chornous positions the firm for ongoing growth in the future. He also noted that Kedwell’s leadership holds great promise for upholding the culture of learning and development at RBC GAM, continuing the legacy of excellence in client outcomes.
About RBC and RBC Global Asset Management
Royal Bank of Canada stands as a major global financial institution known for its commitment to performance driven by core principles. With a workforce exceeding 101,000 employees, RBC utilizes their creative insights to realize client aspirations while fostering community prosperity. As the largest bank in Canada and one of the largest worldwide, RBC offers an extensive range of services across 27 countries, focusing on innovative solutions and unparalleled client experiences.
RBC GAM serves as the investment management division of Royal Bank of Canada, offering comprehensive global investment management services to institutional and individual investors alike. Managing approximately $740 billion in assets, RBC GAM comprises multiple investment strategies and maintains a commitment to strong performance and client satisfaction.
Community Involvement
RBC is proud to contribute to community initiatives, engaging in philanthropic activities and supporting employee volunteering efforts. These efforts demonstrate the company’s dedication to making a positive impact within their communities.
Frequently Asked Questions
Who is the new Global Chief Investment Officer of RBC GAM?
The new Global Chief Investment Officer of RBC GAM is Stu Kedwell, who will succeed Dan Chornous.
What is Dan Chornous's role before retirement?
Dan Chornous served as the Global Chief Investment Officer at RBC GAM since 2002, playing a key role in shaping the firm's investment strategies.
How long has Stu Kedwell been with RBC?
Stu Kedwell has nearly 30 years of experience at RBC, demonstrating a strong track record in investment management.
What assets does RBC GAM currently manage?
RBC GAM manages over CAD $700 billion in global assets across more than 270 different investment strategies.
What is the focus of RBC's investment management philosophy?
RBC's investment management philosophy emphasizes client-centric strategies aimed at delivering optimal outcomes for clients while fostering a culture of excellence and continuous improvement.
