Kevin McDevitt, CFA, CAIA
Summary
Accomplished and loyal leader with experience building and leading a high caliber global investments team responsible for research, due diligence, thought leadership and portfolio management. Created and launched internally managed mutual fund, exchange traded fund, and equity portfolios.
Overview
1
1
Certification
Work History
Senior Vice President, Director, Global Manager Research
Royal Bank of Canada
Minneapolis, MN
2009 - Current
- Director of Global Manager Research including oversight of a twenty-eight person manager research team with offices in Minneapolis, Toronto, London, and Singapore
- Leader of an investment committee that manages $15 billion in internally-managed multi-asset and equity portfolios
- Oversee a global investment platform of over 800 investment managers spanning mutual funds, UCITs, ETFs, managed accounts, subadvisory funds, and private alternative investments
- Responsible for providing research support to 6,000 advisors and private bankers located in the US, Canada, British Isles, and Asia representing over $400 billion
- Member of thirteen global investment committees, including Chairperson for two committees
Senior Analyst, Global Manager Research
Royal Bank of Canada
Minneapolis, MN
2000 - 2009
- Responsible for initial and on-going research, analysis, and due diligence review of investment management organizations through both quantitative and qualitative assessments, including conference calls, document reviews, and onsite meetings with investment firms
- Provided research recommendations, opinions, and related topics to advisors through research notes, one-on-one meetings, conference calls, symposiums, and workshops
- Promoted three times during this period from Associate to Senior Analyst
Margins/Dividend Specialist
Dain Bosworth
Minneapolis, MN
1997 - 2000
- Supported advisors in 12 offices with margin account and dividend related issues
Education
Bachelor of Arts - Finance
Augustana University
Masters of Business Administration - Finance
University of St. Thomas
Skills
- Leadership/Management
- Portfolio Management
- Asset Allocation
- Manager Research
- Mentoring/Coaching
- Client/Advisor Engagements
- Diversity
- Strategic Planning
- Alternative Investments
- Staff Development
Career Accomplishments
- Managed through a number of global acquisitions and integration of platforms: Tucker Anthony and Sutro (US 2001), Hough & Company (US 2004), J.B. Hanauer (US 2009), City National Bank (US 2015), Brewin Dolphin (UK 2023), HSBC (Canada 2024)
- Created and launched home office discretionary portfolios in the US that have since grown to $15 billion (2008)
- Launched private Alternative platforms in the US $5 billion (2012) and Canada $4 billion (2021)
- Assumed coverage of the Canadian separate account platform from Lockwood/Prudential (2013)
- Assumed coverage of RBC Global Asset Management third party subadvisory business amounting to $650k in annual transfer payments (2013)
- Successfully integrated four separate manager research teams in the US, Canada, British Isles, and Asia under one collective Global Manager Research team (2014)
- Developed a Responsible Investing initiative that is now one of the fastest growing areas within RBC. The initiative includes product offerings, responsible investing portfolios, updated due diligence approach, training/education materials and thought leadership (2018)
- Partnered with US Retirements team to launch a Retirement Recommended List and launch of a discretionary 3(38) retirement platform and a pooled employer plan (2019)
- Launched sourcing and monitoring process for Canadian defined contribution pension plan amounting to $135k in annual transfer payments (2020)
- Launched monitoring process for RBC Royal Mutual Funds Incorporated amounting to $140k in annual transfer payments (2022)
- Launched coverage of active ETFS (2024)
- Embraced diversity by building a team that consists of 50% of the professionals from diverse groups
Certification
- Chartered Financial Analyst (CFA)
- Chartered Alternative Investment Analyst (CAIA)
- SII Graduate, Securities Industry Institute, The Wharton School, Philadelphia, PA
- Series 7 and 66 licensed
Recognition
- Citywire Top 20 Most Influential Gatekeepers – Team (2023)
- Citywire Top 20 Most Influential Gatekeepers – Individual (2022)
Media
- Citywire
- FundFire
- Ignites
- Fund Intelligence
Activities
- CAIA Exam Grader
- RBC Diversity Mentor
- CFA Society of MN Mentor
- Feed My Starving Children
- RBC Race for the Kids
- Habitat for Humanity
Timeline
Senior Vice President, Director, Global Manager Research
Royal Bank of Canada
2009 - Current
Senior Analyst, Global Manager Research
Royal Bank of Canada
2000 - 2009
Margins/Dividend Specialist
Dain Bosworth
1997 - 2000
Bachelor of Arts - Finance
Augustana University
Masters of Business Administration - Finance
University of St. Thomas
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