TORONTO, Sept. 15, 2014 /CNW/ - CIBC (TSX: CM) (NYSE: CM) President and CEO Victor Dodig today announced a new executive leadership structure and the bank's
executive leadership team.
"The appointments we are announcing today underscore the strength of our
senior leadership team talent and provide the continuity needed to
build on the positive momentum we have generated over the last number
of years. By providing key members of the team with new or expanded
mandates, we are ensuring the stability required to drive growth and
enhance our client-focused agenda," said Mr. Dodig. "The experience of
this team combined with our strong foundation, strong capital base,
leading retail and wholesale banking franchises, as well as our North
American wealth management platform, position CIBC for continued
CIBC's executive leadership structure will include an Executive Committee which is comprised of the following executives and replaces the Senior
Executive Team structure:
David Williamson has been named Senior Executive Vice-President and Group Head, Retail and Business
Banking. In this role, Mr. Williamson will continue to execute our
client-focused strategy for Retail and Business Banking, and will also
assume expanded responsibility for CIBC FirstCaribbean International
Bank. "Over the last three years, David has done an excellent job of
repositioning our retail banking business in Canada with a strong focus
on clients and accelerating profitable revenue growth. He will be
extending the same discipline and focus to our CIBC FirstCaribbean
business," said Mr. Dodig.
Steve Geist has been named Senior Executive Vice-President and Group Head, Wealth Management. In this role, Mr. Geist assumes leadership for our wealth management
franchise in Canada and the U.S. He joined CIBC in 2006, as President
and CEO, CIBC Asset Management. Prior to joining CIBC, he was
President, Mutual Funds, at a top five bank in Canada. Under Mr.
Geist's leadership, CIBC Asset Management has achieved superior growth
with record assets of over $100 billion, driven by five consecutive
years of net sales records.
Harry Culham has been named Managing Director and Group Co-Head, Wholesale Banking. In this role, he will continue to lead CIBC's global capital markets
business and assume expanded responsibility for Wholesale Banking's
international business. Mr. Culham re-joined CIBC in 2008, and has
extensive experience in leading capital markets businesses with global
investment banks in Canada, the U.K., Europe and Asia.
Geoff Belsher has been named Managing Director and Group Co-Head, Wholesale Banking. In this role, he will continue to lead CIBC's investment banking
operations as well as assume responsibility for CIBC's corporate
lending business globally. Prior to joining CIBC in 2009, Mr. Belsher
held senior positions at a number of Canadian and global investment
banks advising on a wide range of significant domestic and cross border
Kevin Glass has been named Senior Executive Vice-President and Chief Financial Officer. In this role, his mandate has been expanded to include Treasury. He has
been with CIBC since 2009, and was named Chief Financial Officer in
2011. Prior to joining CIBC, Mr. Glass was Chief Financial Officer for
a number of public companies in Canada.
Mike Capatides has been named Senior Executive Vice-President, Chief Administrative Officer and
General Counsel. In addition to his current responsibilities for legal, human resources
and compliance, he will assume leadership for CIBC's strategy and
corporate development activities. Mr. Capatides, who joined CIBC in
1996, was appointed to the role of Senior Executive Vice-President,
Chief Administrative Officer and General Counsel in 2008.
Laura Dottori-Attanasio has been named Senior Executive Vice-President and Chief Risk Officer. In addition to Risk, she will take on responsibility for CIBC's control
group. Ms. Dottori-Attanasio joined CIBC as Global Head of Corporate
Credit Products in 2009, before becoming CIBC's Chief Risk Officer in
Kevin Patterson has been named Senior Executive Vice-President, Technology and Operations. In this role, he will expand his current technology and operations
responsibilities to include the chief data office of the bank. Mr.
Patterson has been with CIBC since 1984, and has held a number of
increasingly senior roles in retail, technology and operations, audit
and corporate security, control and governance prior to assuming
leadership for technology and operations in 2010.
The CIBC leadership group will also include a newly formed Operating Committee, which includes members of the Executive Committee and other key
business functions at CIBC. The members of the Operating Committee
Stephen Forbes has been named Executive Vice-President, Brand, Corporate and Client Relationships with expanded responsibility for CIBC's strategic corporate partnerships
and key client relationships. He will also maintain his existing
responsibilities for marketing, communications and public affairs,
retail and business banking strategy and President's Choice Financial.
In this new role, he will report directly to Mr. Dodig with a dotted
line to Mr. Williamson. In addition, Mr. Forbes will work to develop a
bank-wide client coverage model for CIBC's top clients as part of an
enhanced client-focused agenda.
Jackie Moss has been named Executive Vice-President, Strategy and Corporate Development, reporting to Mr. Capatides. In this role, she will be responsible for
developing a bank-wide corporate strategy working closely with the
President and CEO and other members of the Executive Committee. She
will also be responsible for identifying potential acquisition
opportunities in support of the bank's client-focused growth strategy.
Ms. Moss brings significant expertise to this role, having served as
legal advisor at CIBC, and previously as a partner at a major law firm
in Canada, on domestic and international transactions, prior to leading
human resources. The existing strategy and corporate development team
will now report to Ms. Moss.
Sandy Sharman has been named Executive Vice-President, Human Resources. Reporting to Mr. Capatides, she will be accountable for developing and
delivering CIBC's people, talent and leadership strategies. Ms. Sharman
returned to CIBC in 2013, as Senior Vice-President, Human Resources,
Business Client Groups. She has over 20 years of financial services
experience in retail banking, wealth management and human resources in
Canada and the U.S.
Additional members of the Operating Committee include:
Jon Hountalas, Executive Vice-President, Business Banking
Christina Kramer, Executive Vice-President, Retail Distribution and Channel Strategy
Jenny Fagg, Executive Vice-President, Products and Payments
Rik Parkhill, CEO, CIBC FirstCaribbean International Bank
Gary Brown, Managing Director and Global Head, Corporate Banking
Roman Dubczak, Managing Director and Head, Equity Markets
Christian Exshaw, Managing Director and Head, Capital Markets Trading
Monique Gravel, Managing Director and Head, CIBC Wood Gundy
Jack Markwalter, Chairman and CEO, Atlantic Trust
Peter Levitt, Executive Vice-President and Treasurer
Anil Mathur, Senior Vice-President and Chief Auditor
"Today's senior leadership appointments reflect our strong performance,
the continuation of our strategy and our evolving focus on our clients
and on growth," added Mr. Dodig. "Please join me in congratulating the
team on their new or expanded mandates and in wishing them continuing
success moving forward."
CIBC is a leading Canadian-based global financial institution with
nearly 11 million personal banking and business clients. Through our
three major business units - Retail and Business Banking, Wealth
Management and Wholesale Banking - CIBC offers a full range of products
and services through its comprehensive electronic banking network,
branches and offices across Canada with offices in the United States
and around the world. You can find other news releases and information
about CIBC in our Media Centre on our corporate website at www.cibc.com.
For further information:
Kevin Dove, Head of External Communications, CIBC, 416-980-8835, firstname.lastname@example.org