Duncan Stewart

Duncan Stewart

Director of Research, telecommunications, Deloitte Canada.

Contributor Biography

Mr. Stewart is the Director of Deloitte Canada Research in the areas of technology, media and telecommunications (TMT), life sciences and green tech. He is a member of Deloitte’s national TMT executive team and is a co-author of Deloitte Research’s annual predictions report on trends in TMT.

He has almost two decades of experience in the TMT industry. As an analyst and portfolio manager, he has provided research or made investments in the entire Canadian technology and telecommunications sector. He has written research on names such as Nortel and Celestica, and been a venture capital investor in Research in Motion among others.

He is also the Founder and CEO of DSAM Consulting, which researches companies based on innovation or disruption, many of them in the TMT and clean-tech space. Prior to that, he was a Co-Founder of Tera Capital, Canada’s first high tech and biotech money manager, where he was responsible for managing both mutual funds and VC funds. In the mid '90s, Duncan managed a $150 million small cap high tech/biotech fund at a large Canadian pension fund manager. In his years as an investor he has deployed a cumulative $2 billion of capital into the global TMT and life science markets.

He has a high profile media presence and is frequently interviewed on technology and biotechnology issues. He has also been a columnist for The National Post and CBC Radio. He is a Chartered Financial Analyst and holds a B.A. in political science from the University of British Columbia.

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