Stu Kedwell, RBC Global Asset Management's current global head of equities, has been appointed as its next chief investment officer.

Royal Bank of Canada’s RY-T asset management division has chosen Stu Kedwell as its next chief investment officer, elevating a fund manager who has deep roots at the bank and who commands broad respect on Bay Street.

On Thursday, RBC Global Asset Management announced that Mr. Kedwell will take over as Global CIO on Jan. 31, the same day that Dan Chornous – who has held the role for 23 years – retires after 45 years with the bank.

Mr. Kedwell, a senior portfolio manager and current global head of equities, is no stranger to the team of more than 400 investment professionals he will lead at RBC GAM. He has spent nearly 30 years in various roles at RBC, a

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