CIBC Asset Management announces portfolio management change

TORONTO, March 28, 2019 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. today announced that Lazard Asset Management LLC has been appointed portfolio sub-advisor for the CIBC Latin American Fund. This change will take effect on or about April 1, 2019.

With US$192.8 billion in assets under management, Lazard manages investment portfolios and provides advice to institutional and individual investors around the world. It offers a broad range of global, regional and country-specific strategies – both traditional and alternative – in listed equity and fixed income investments. Lazard operates from offices in 22 cities across 16 countries located in North America, Europe, Asia and the Middle East.

About CIBC

CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Small Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.

About CIBC Asset Management Inc.

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 institutional portfolio management. CAM is one of Canada's largest asset management firms, with over $130 billion in assets under management as of February 2019.

SOURCE CIBC

Susan Kirwin, Public Relations, 416-980-5192 or [email protected].