NYSE:CM

CIBC Announces Senior Executive Appointments

Retrieved on: 
Thursday, March 7, 2024
CIBC Mellon, Personal, Senior, Research, Espresso, Capital market, CIBC Bank USA, Research fellow, TSX, Culture, Growth, Finance, Executive Committee, Corporate development, Hratch, CIBC, Treasury, Corporation, Management

I'm looking forward to working with our Executive Committee and our entire team as we go forward."

Key Points: 
  • I'm looking forward to working with our Executive Committee and our entire team as we go forward."
  • Under Jon Hountalas' leadership as Senior Executive Vice-President (SEVP) and Group Head, Canadian Banking, our Canadian Banking business has made strong progress in attracting new clients to our bank, enhancing client experience and delivering growth.
  • Mr. Culham joined CIBC in 2008, holding key roles in Capital Markets before assuming its leadership, more recently adding accountability for Direct Financial Services, as well as overseeing CIBC's operations in the Caribbean and CIBC Mellon.
  • Region and President and CEO, CIBC Bank USA, in 2022, will continue in his current role, providing strong leadership of our U.S.

CIBC introduces additional Canadian Depositary Receipts ("CDRs")

Retrieved on: 
Tuesday, February 13, 2024
CIBC, CDR, Head

TORONTO, Feb. 12, 2024 /CNW/ - Today CIBC announced that seven new Canadian Depositary Receipts ("CDRs") will be listed on Cboe Canada and available for trading on February 15.

Key Points: 
  • TORONTO, Feb. 12, 2024 /CNW/ - Today CIBC announced that seven new Canadian Depositary Receipts ("CDRs") will be listed on Cboe Canada and available for trading on February 15.
  • Introduced to investors over two years ago, CIBC will have a total of 54 CDRs available in market.
  • CDRs make it easy to invest in many of the world's largest companies – in Canadian dollars.
  • "Since launch, investors have shown they are looking to diversify their portfolios and get exposure to global companies," said Christian Exshaw, Managing Director and Head, CIBC Global Markets and Direct Financial Services.

Most younger Canadians plan to spend over $200 this Valentine's Day: CIBC Poll

Retrieved on: 
Tuesday, February 13, 2024
CIBC, Woman, Probability, Ageing

That's more than the most common response across all Canadians, with 42 per cent of those surveyed nationally targeting $160 for the day.

Key Points: 
  • That's more than the most common response across all Canadians, with 42 per cent of those surveyed nationally targeting $160 for the day.
  • The poll also found that men are planning to spend much more ($217) on their Valentine than women, who say they only plan to spend $108 for the holiday.
  • These findings are from a Maru Public Opinion online survey undertaken exclusively for CIBC and fulfilled by the sample and analyst experts at Maru/Blue .
  • A probability sample of this size has an estimated margin of error (which measures sampling variability) of +/- 2.5%, 19 times out of 20.

Canadians prioritizing their immediate savings goals over long-term investments: CIBC Poll

Retrieved on: 
Monday, February 12, 2024
TFSA, Investment, Retirement, CIBC, Probability, RRSP, Woman, Cryptocurrency

"The preference for short-term liquidity and stable returns suggests many Canadians are focused on today and less so on long-term accumulation of wealth or retirement," said Carissa Lucreziano, Vice-President Financial and Investment Advice, CIBC.

Key Points: 
  • "The preference for short-term liquidity and stable returns suggests many Canadians are focused on today and less so on long-term accumulation of wealth or retirement," said Carissa Lucreziano, Vice-President Financial and Investment Advice, CIBC.
  • This is especially important given that Canadians expect to retire at around age 60 on average – relatively unchanged over the last several years.
  • These findings are from a Maru Public Opinion online survey undertaken exclusively for CIBC and fulfilled by the sample and analyst experts at Maru/Blue .
  • A probability sample of this size has an estimated margin of error (which measures sampling variability) of +/- 2.3%, 19 times out of 20.

CIBC Asset Management Inc. announces launch of three CIBC Investment Grade Bond Funds

Retrieved on: 
Monday, January 29, 2024
Funding, Fund, Risk, CAM, TSX, Calendar, Security (finance)

TORONTO, Jan. 29, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. (CAM) today announced that three new target maturity bond mutual funds known as CIBC 2025 Investment Grade Bond Fund, CIBC 2026 Investment Grade Bond Fund, and CIBC 2027 Investment Grade Bond Fund (the "Funds") are now available for purchases.

Key Points: 
  • TORONTO, Jan. 29, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. (CAM) today announced that three new target maturity bond mutual funds known as CIBC 2025 Investment Grade Bond Fund, CIBC 2026 Investment Grade Bond Fund, and CIBC 2027 Investment Grade Bond Fund (the "Funds") are now available for purchases.
  • Each CIBC Investment Grade Bond Fund provides a diversified portfolio of Canadian-dollar denominated investment grade corporate and government bonds with an effective maturity in the calendar year stipulated in their name.
  • Designated maturity dates – Similar to individual bonds, each CIBC Investment Grade Bond Fund has a defined maturity date at which time the Fund will terminate and the Fund's net assets will be distributed to investors.
  • Simplicity and efficiency – The CIBC Investment Grade Bond Funds are an efficient and convenient way to build bond ladders and manage interest rate risk by investing in the Funds with consecutively maturing years.

CIBC named one of Canada's Top Employers for Young People

Retrieved on: 
Tuesday, January 23, 2024
Culture, CIBC, Nursing

TORONTO, Jan. 23, 2024 /CNW/ - CIBC has been named as one of Canada's Top Employers for Young People by Mediacorp Canada Inc. for the 12th consecutive year.

Key Points: 
  • TORONTO, Jan. 23, 2024 /CNW/ - CIBC has been named as one of Canada's Top Employers for Young People by Mediacorp Canada Inc. for the 12th consecutive year.
  • This award recognizes employers that offer exceptional programs and workplaces for young professionals starting their career.
  • The selection criteria for Canada's Top Employers for Young People is based on a review of employer benefits and initiatives, including tuition assistance, work-study programs, and other programs of importance to young Canadians starting their careers.
  • CIBC's listing among Canada's Top Employers for Young People follows other related recognition this year which includes:
    To learn more about careers at CIBC, visit the website here .

Paying down debt is the top financial priority for Canadians for 2024: CIBC Poll

Retrieved on: 
Thursday, December 28, 2023
Probability, CIBC, Pressure, Environment, Bank

The goal of debt repayment was tied with the goal of saving as much as possible (13 per cent), according to CIBC's annual Financial Priorities poll.

Key Points: 
  • The goal of debt repayment was tied with the goal of saving as much as possible (13 per cent), according to CIBC's annual Financial Priorities poll.
  • Inflation (61 per cent) and rising interest rates (28 per cent) top the combined ranked list of financial concerns for Canadians this year.
  • "With household budgets under some pressure from higher costs, it's not surprising that paying down debt is a top priority for Canadians in the new year," said Carissa Lucreziano, Vice-President, CIBC Financial Planning and Advice.
  • CIBC Smart Planner , an intuitive goal planning tool that makes it easy for you to set, track and reach your financial goals.

39th CIBC Miracle Day: $6 million donated to children's charities worldwide

Retrieved on: 
Thursday, December 21, 2023
Pinball Clemons, Wealth, Athlete, CIBC, CIBC Wood Gundy, Organic, Espresso, Miracle

TORONTO, Dec. 21, 2023 /CNW/ - CIBC announced today that following the 39th annual CIBC Miracle Day held on December 6, $6 million will be going to children's charities globally, thanks to the generosity of the bank's team members and clients.

Key Points: 
  • TORONTO, Dec. 21, 2023 /CNW/ - CIBC announced today that following the 39th annual CIBC Miracle Day held on December 6, $6 million will be going to children's charities globally, thanks to the generosity of the bank's team members and clients.
  • This year CIBC Miracle Day brought together celebrities, athletes, charities and CIBC team members – all with the goal of raising funds to improve the lives of children around the world.
  • CIBC Miracle Day is an annual event that takes place on the first Wednesday in December, and supports invaluable work done by children's charities around the world.
  • The CIBC Foundation , which serves to advance social and economic equity, administers the funds raised on CIBC Miracle Day.

Connor Bedard and CIBC team up in new partnership

Retrieved on: 
Monday, December 18, 2023
Corporate Affairs, Senior, 2017–18 Chicago Blackhawks season, CIBC, CIBC Bank USA, Espresso, Organic, Ice, Purpose, Partnership, Human, Chicago Blackhawks, Hockey

Connor is a longtime CIBC client, and this partnership is a proud next step that will allow him to focus on his career ambitions while our CIBC team supports him in realizing his goals off the ice.

Key Points: 
  • Connor is a longtime CIBC client, and this partnership is a proud next step that will allow him to focus on his career ambitions while our CIBC team supports him in realizing his goals off the ice.
  • "We're excited to welcome Connor to the CIBC team today as we officially move forward in this new, long-term partnership," said Stephen Forbes, Executive Vice-President, Purpose, Brand and Corporate Affairs, CIBC.
  • "My family are long-time clients of CIBC, they are the first and only bank I've used since growing up in Vancouver," said Connor Bedard.
  • Team CIBC looks forward to partnering with Connor, as well as continuing to work with the Chicago Blackhawks, to create further positive impact on the Chicagoland area and fans of the team.

CIBC Asset Management Inc. announces that the CIBC Ares Strategic Income Fund is now available for purchase

Retrieved on: 
Friday, December 15, 2023
NYSE, Fund, CAM, Partnership, ARES, Growth, TSX, Security (finance)

TORONTO, Dec. 15, 2023 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. (CAM) today announced that the CIBC Ares Strategic Income Fund (the "Fund"), managed by CAM, is now available for purchase.

Key Points: 
  • TORONTO, Dec. 15, 2023 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. (CAM) today announced that the CIBC Ares Strategic Income Fund (the "Fund"), managed by CAM, is now available for purchase.
  • The Fund will provide Canadian accredited investors with access to the Ares Strategic Income Fund ("ASIF"), a private credit solution that is managed by Ares Capital Management LLC, which forms part of the Ares Credit Group, a leading manager of liquid and illiquid credit strategies.
  • ASIF seeks to generate current income, the potential for capital appreciation and attractive risk-adjusted returns through market cycles.
  • With the growth of private credit, investors are looking to complement their fixed income strategies to take advantage of diversifying income solutions that provide yield enhancement.