Gurinder Grewal will run Invest in Canada as its new chief executive, one of two leadership picks Prime Minister Mark Carney unveiled with a marquee investment summit just weeks away. The federal agency is charged with drawing foreign capital into the country.
Grewal takes the CEO role on a full time basis for a five-year term. Alongside him, Dominic Barton steps in as Chair of the Board of Directors, a part-time position running three years.
Making way for the new team is Laurel Broten, a former Ontario cabinet minister who spent nearly four years leading the agency. Dominic LeBlanc, the minister responsible for Invest in Canada, accepted her resignation effective Tuesday and thanked her for her service.
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The timing is notable, coming just ahead of a mid-September summit where Carney’s government intends to connect foreign investors with the heads of major domestic funds and pitch them on Canadian projects.
Grewal founded MEM Growth Partners and serves as its managing partner. Before that he put in more than a decade at Advent International as a partner and co-head of industrials, infrastructure, and energy. Deploying capital across the energy, industrials, infrastructure, and technology sectors has defined his career.
Barton arrives with a deep record in global business and public service. He chairs both Rio Tinto and LeapFrog Investments, logged more than 30 years at McKinsey & Company including nine as Global Managing Partner, and represented Canada as Ambassador to China from 2019 to 2021.
Behind the shuffle sits Ottawa’s ambition to catalyse $1 trillion in total investment over the next five years across energy, critical minerals, artificial intelligence, and infrastructure. Created under the Invest in Canada Act, which took effect in 2018, the agency recently moved under LeBlanc’s responsibility.
Outgoing chair Karl Tabbakh has agreed to stay on the board to help steer the transition. Canada led the G7 in foreign direct investment inflows per capita in 2025, with FDI sitting at its highest level in two decades.
