CIBC Asset Management Announces Portfolio Sub-advisor Changes

TORONTO, Aug. 26, 2015 /CNW/ - CIBC Asset Management Inc. (CAM) today announced portfolio sub-advisor changes to further strengthen its core investment solutions. Changes will take effect on or about October 1, 2015.

"CAM is dedicated to providing Canadians with the very best investment solutions, and we continually monitor our product line-up to deliver enhanced performance and risk-adjusted returns to our clients. Our open architecture platform offers us the opportunity to seek out the highest-quality investment management expertise from around the globe," said David Scandiffio, President and CEO, CIBC Asset Management. "The enhancements announced today will benefit our clients and strengthen our investment offerings."

Frontiers International Equity Pool
WCM Investment Management (WCM) and JPMorgan Asset Management (Canada) Inc. (JPMorgan) have been appointed as portfolio sub-advisors for Frontiers International Equity Pool. They join existing sub-advisors: American Century Investment Management, Inc. (American Century), Causeway Capital Management LLC (Causeway), Pzena Investment Management, LLC (Pzena) and INTECH Investment Management LLC (INTECH).

Imperial Overseas Equity Pool
WCM and JPMorgan have been appointed as portfolio sub-advisors for Imperial Overseas Equity Pool. They join existing sub-advisors: American Century, Causeway, Pzena and INTECH.

Imperial International Equity Pool
WCM and JPMorgan have been appointed as portfolio sub-advisors for Imperial International Equity Pool. They join existing sub-advisors: American Century, Causeway, Pzena and CAM.

Imperial Global Equity Income Pool
Newton Capital Management Limited (NCM Ltd.) has been appointed as portfolio sub-advisor for Imperial Global Equity Income Pool. NCM Ltd. joins existing sub-advisor Kleinwort Benson Investors Dublin Ltd.

About the Newly Appointed Portfolio Sub-advisory Firms

JPMorgan Asset Management (Canada) Inc.: JPMorgan Asset Management (Canada) Inc. belongs to a group of companies operating under the name of JPMorgan Asset Management ("JPMAM").  JPMAM is the brand name of the global group of asset management companies belonging to JPMorgan Chase & Co.  JPMorgan Chase & Co. is the ultimate parent company of JPMorgan Asset Management (Canada) Inc.

WCM Investment Management: WCM Investment Management is an independent, employee-owned asset management firm located in Laguna Beach. WCM has worked hard to build and maintain an organization that nurtures excellence and innovation. To this end, WCM has kept head-count low, controlled asset growth, aligned employee incentives with clients' long-term goals, and vigorously protected its employee-owned status.

Newton Capital Management Limited: Newton Capital Management Limited (NCM Ltd.) is a wholly owned but operationally autonomous subsidiary of The Bank of New York Mellon. NCM Ltd. uses a thematic approach to provide investment solutions to a variety of clients through a broad range of strategies.

CIBC Asset Management, Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. CAM's offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and portfolio management for institutional clients. CAM is one of Canada's largest asset management firms, with over $110 billion in assets under management as of June 30, 2015. 

SOURCE Canadian Imperial Bank of Commerce

For further information:

Media contact: Caroline Van Hasselt, Director, External Communications and Media Relations, at 416-784-6699 or e-mail:

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