Leadership change as Dan Chornous retires and Stu Kedwell steps up to drive global investing
RBC Global Asset Management has announced that longtime Global CIO Dan Chornous will retire on January 31, 2026.
Chornous, who has held the CIO position since 2002, is widely regarded as the architect of the firm’s modern investment platform, having steered RBC GAM’s global expansion through acquisitions such as Phillips, Hager & North Investment Management in 2008 and BlueBay Asset Management in 2010.
He will be succeeded by veteran executive Stu Kedwell, who joined RBC nearly 30 years ago and currently serves as managing director, senior portfolio manager and global head of equities.
“I am honoured to take on the role of Global chief investment officer and build on Dan’s remarkable legacy,” Kedwell said. “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.”
In his new post, Kedwell will oversee more than 400 investment professionals responsible for over CAD $700 billion in assets, spanning 270-plus strategies across 20 asset classes.
RBC GAM CEO Damon Williams commended both leaders, noting that Chornous’ contributions to RBC GAM have been nothing short of extraordinary.
“His forward-thinking approach, commitment to innovation, and dedication to clients have set a high standard for our firm … Stu is deeply committed to fostering a culture based on diverse perspectives, learning and continuous improvement,” he said. “Stu’s leadership will ensure that RBC GAM remains well-positioned to achieve our ambitious growth plans, deliver the best possible outcomes for our clients, and continue to strengthen our position as a leading global asset manager.”
