Dimensional appoints new Canadian president, global co-CIO

The firm has announced three leadership changes

Dimensional appoints new Canadian president, global co-CIO
Steve Randall

A leader named as one of the 100 most influential women in finance by Barron’s in 2023 has been promoted to co-chief investment officer at Dimensional Fund Advisors, amid several changes that include a new president for the firm’s Canadian unit.

Savina Rizova, who is also the firm’s global head of research, becomes co-CIO alongside Co-CEO Gerard O’Reilly on February 1. She has been with the firm for 20 years and will continue to lead the research team, a position she has held since succeeding O’Reilly in 2017.

The duo head a team of more than 300 investment professionals across six countries including Canadian teams in Toronto and Vancouver.

“Savina is one of the smartest, most dedicated leaders I have had the privilege of working with,” O’Reilly said. “In addition to her impressive research expertise, she has helped drive innovation across Dimensional’s product offering, including the development, launch, and rapid growth of our exchange-traded funds, expanded separately managed accounts offering, and model portfolios. I look forward to working alongside her to help financial professionals and investors pursue their financial goals.”

Canadian president

Rizova’s appointment is not the only changes the firm has announced to its leadership team in 2023.

Brad Steiman has taken up his new role as president of Dimensional Canada as of January 1. He was previously head of the Wealth Management Group for Dimensional Fund Advisors Canada ULC.

He is another long-standing member of the firm’s leadership team having joined in 2002 and launched the Canadian advisor business with the Vancouver office shortly after joining and Toronto a decade later. The Canadian business now manages more than $20 billion in assets.

And the global firm is also promoting chief talent officer Stacey Winning to global co-head of Human Resources alongside longtime HR chief Aaron Marcus as of February 1.

“Savina, Brad, and Stacey are great leaders who have contributed significantly to our firm’s growth and culture over the years,” said co-CEO Dave Butler. “Their promotions exemplify the strong and experienced talent we have across the firm, reflect our proud tradition of team leadership, and reinforce our commitment to developing and elevating leaders from within. With these well-deserved changes to our global leadership team, we believe we are strongly positioned to seize new opportunities for the financial professionals and investors we serve.”