TORONTO, May 17, 2013 /CNW/ - CIBC Global Asset Management Inc. (CGAM)
today announced senior appointments to further strengthen its portfolio
Suzann Pennington, Managing Director, Chief Investment Officer (CIO)
Stephen Carlin, Vice-President, Senior Portfolio Manager, Canadian
Ms. Pennington will now oversee all of CGAM's portfolio management and
research efforts. She will be focused on managing our investment teams
and optimizing capabilities across all asset classes to deliver
superior investment performance and manage risk for clients. A
continued focus on talent management will also be integral to our
pursuit of investment excellence. Ms. Pennington will remain head of
equities and continue to manage the Canadian all-cap mandate.
Ms. Pennington has enjoyed a distinguished career that spans over 25
years. She has demonstrated strong leadership and has a long track
record of delivering superior investment performance in her mandates.
As CIO, she will be instrumental in generating solid results and
leading investment teams as CIBC's asset management business enters a
new phase of growth.
We are also very pleased to strengthen our team with the addition of
Stephen Carlin. Mr. Carlin brings over 22 years of experience in equity
investment management. Prior to joining CIBC, Mr. Carlin was Senior
Vice-President, Head of Equities at Aegon Capital Management Inc. where
he managed Canadian, balanced, income and dividend mandates.
"The success of our asset management business is driven by the quality
of our investment management team," said Steve Geist, President and
CEO, CIBC Global Asset Management. "These appointments further
strengthen our ability to deliver superior investment results and
manage risk for our clients. "We have a very strong foundation and have
built positive momentum with over $80 billion in assets, strong net
flows and solid performance."
Asset Management has been a key growth engine for CIBC Wealth Management
and plays an important strategic role for CIBC. Its vision is to be a
top global asset management firm that delivers superior investment
products and results for clients.
CIBC Asset Management Inc., the asset management division of CIBC, is
responsible for the CIBC and Renaissance Investments families of mutual
funds, Imperial Pools, Frontiers Pools and the CIBC family of managed
portfolio solutions - Axiom Portfolios, CIBC Managed Portfolio Services
and CIBC Personal Portfolio Services. CIBC Asset Management manages
more than $60 billion in assets.
CIBC is a leading North American financial institution with nearly 11
million personal banking and business clients. CIBC offers a full range
of products and services through its comprehensive electronic banking
network, branches and offices across Canada, and has offices in the
United States and around the world. You can find other news releases
and information about CIBC in our Press Centre on our corporate website
For further information:
Kevin Dove, Head, External Communications and Media Relations, at 416-980-8835 or e-mail: email@example.com.