Scott Vali joins investment team and will assume management of
TORONTO, Aug. 11, 2014 /CNW/ - CIBC Asset Management Inc. (CAM) today
announced the expansion of its portfolio management team and
capabilities with the addition of resource manager Scott Vali.
Mr. Vali joins CAM as Vice President Equities, Portfolio Manager. He
will be lead manager for CIBC Precious Metals Fund, CIBC Canadian
Resources Fund, CIBC Energy Fund and Renaissance Global Resource Fund
as CAM assumes portfolio management responsibilities for those funds
effective August 11, 2014. Lawrence Smith, Vice President Equity
Research, Mining Specialist will co-manage the CIBC Precious Metals
Fund and Brian See, Vice President Equity Research, Energy Specialist
will co-manage the CIBC Energy Fund.
"We are very pleased to have Scott on our team and to be broadening our
capabilities in an important segment of the investment landscape," says
Steve Geist, President and CEO, CIBC Asset Management. "This
significantly strengthens our resource-based offer to Canadian retail
investors as well as creates expanded opportunities for our
institutional clients globally."
"Scott's addition complements our already significant research coverage
in the global resource space," adds Suzann Pennington, Chief Investment
Officer, CIBC Asset Management. "We are dedicated to rigorous internal
research for our clients and Scott will be joining a very experienced
team of resource specialists."
Mr. Vali has over 13 years portfolio management experience with a
demonstrated track record of outperformance, including a decade as a
lead manager of major resource investment mandates. Prior to joining
CAM, Mr Vali was Vice President, Portfolio Manager with CI Investments.
About CIBC Asset Management
CIBC Asset Management (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 institutional portfolio management. CAM
is one of Canada's largest asset management firms, with over $100
billion in assets under management as of June 30, 2014.
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: firstname.lastname@example.org.