BNET Industries
Market Cap:$22.7B
Last Fiscal Year Sales:$24.4B
- Public
- CA
Dow Jones Description
Canadian Imperial Bank of Commerce (CIBC) is a leading North American financial institution with almost 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, in the United States and around the world.
Chairman & CEO, CIBC World Markets
Brian ShawNumber of Employees 40,237
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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Kids across Canada learn that banking is more than just numbers
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Kinross Gold KGC Continues Sliding as CIBC Downgrades to Sector Perform
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CIBC to open new Edmonton branch with Gizmo's help
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US gold ends down, takes breather as dollar bounces
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Investing in the World's Soundest Banking System
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Canadian bank dividend boosts on the horizon?
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Canadian banks shift focus from survival to growth
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BRIEF-CIBC CEO comment from Toronto financial conference
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TSX tumbles on retreating energy stocks; N.Y. down on disappointing housing data
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Barzel Industries Files For Chapter 11 Protection - Update
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BMO Capital Upgrades Canadian Imperial Bank of Commerce CIBC to Market Perform
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Ivey and CIBC announce second year of helping accomplished women step back into their careers...
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BRIEF-Moody's affirms CIBS's ratings, maintains negative outlook
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Desjardins Securities Intl Inc maintains Canadian Imperial Bank at 'hold'
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CIBC reports Q3 net income of C$434M
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Canada's big banks earn $500M more than year earlier, topping expectations
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Canadian Stocks Close Solid Week With A Flourish
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TSX has colours flying
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Report: BMO Asset Management buys CIBC shares
News & Analysis
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Canadian Imperial Bank of Commerce F3Q09 (Qtr End 07/31/09) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. The first question is from Steve Theriault from Bank of America. Please go ahead. Steve Theriault - Bank of America-Merrill Lynch Sonia, the retail NIM was quite a bit higher this quarter. Can you talk a little about sustainability and what the biggest drivers were...
Canadian Imperial Bank of Commerce F3Q09 (Qtr End 07/31/09) Earnings Call Transcript
Canadian Imperial Bank of Commerce CM F3Q09 (Qtr End 07/31/09) Earnings Call August 26, 2009 03:00 pm ET
Canadian Imperial Bank Engenders More Credit Concerns from Analysts
FP Trading Desk submits: Canadian Imperial Bank of Commerce CM may have swung to a first quarter profit, but analysts weighing in on the results aren't ready to start dancing in the streets. Instead many of them remain extremely concerned about the bank's credit woes and warn investors to...
Canadian Banks Seek to Raise Capital - But Not with Dividend Cuts
FP Trading Desk submits: Canadian banks have responded to rising capital demands with a flurry of capital raising activities during the past few weeks. While analysts were quick to point out that not all capital is equal, TD Newcrest’s Jason Bilodeau told clients that there is more than one...
Upcoming Quarters Don't Look Good for CIBC - Dundee Securities
FP Trading Desk submits: CIBC was downgraded to a “sell” by Dundee Securities analyst John Aiken after the bank reported its quarterly results Thursday morning. While he does not believe CIBC will need to raise more common equity in the near term, the bank “may not be deploying capital...
RBC Capital Analyst: Low Probability Canadian Banks Will Encounter Solvency Issues
FP Trading Desk submits: A challenging economic environment that makes valuations not overly cheap on a historical basis, the expectations for continued pressure on profitability as a result of the slowing economy, challenging credit and funding markets, and earnings estimates that look like they need to be lowered by...
Financial Fallout: How It Affects Canadian Companies Sun Life and CIBC
FP Trading Desk submits: Two Canadian financial names involved in the turmoil south of the border should see a significant impact if things progress the way they appear to be. Sun Life Financial Inc. SLF has disclosed C$270-million in exposure to Washington Mutual Inc. WM bonds and will not...
Financial Landscape: Writedowns, Losses and Capital Raised
Market Folly submits: Amid all the financial chaos, I thought it would be a good idea to post up a simple chart breaking down the financial landscape in terms of writedowns, losses, and capital raised. From Bloomberg, you'll see how institutions are looking in terms of raw numbers: writedowns/losses versus...
Are Big Investment Banks' Days Numbered?
Mark McQueen Wellington Financial submits: He may be new to investment banking, but CIBC World Markets CEO Richard Nesbitt was quick out of the gate on Monday with his own prediction regarding the fallout of Lehman’s LEH bankruptcy filing. According to Bloomberg, Mr. Nesbitt believes the days of the...
Odlum Brown Analysts: Canadian Banks Still a Buy
FP Trading Desk submits: With leading Wall Street institutions caught in a death spiral, stock-pickers at Odlum Brown see hidden value in Canadian banks. The analysts said: by FP Trading Desk
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Gerald T. McCaughey | President & CEO |
| J. David Williamson | Chief Financial Officer |
| Michael G Capatides | Chief Administrative Officer and General Counsel |
| Richard Campbell | Chief Investment Officer, CIBC Asset Management |
| Ron A. Lalonde | Chief Admin Officer & Senior Executive Vice President |
| Richard E. Venn | Senior Executive Vice President, Corporate Development |
| Sonia A Baxendale | Senior Executive Vice President |
| Hugues Rivard | Investment Banker |
| Marshall A. Crowe | Advisor |
| Marshall Jensen | Investment Banker |
| Mathew C. Froggatt | Investment Advisor |
| Peter J. Crowley | Global Head |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Brian Shaw | Chairman & CEO, CIBC World Markets |
| Brent S. Belzberg | Board of Directors |
| Gary F. Colter | Board of Directors |
| Gordon D. Giffin | Board of Directors |
| Ivan E.H. Duvar | Board of Directors |
| Jalynn H. Bennett | Board of Directors |
| Jane L. Peverett | Board of Directors |
| John Braive | Vice Chairman, Asset Management |
| John Paul Manley | Board of Directors |
| John S. Lacey | Board of Directors |
| Leslie Rahl | Board of Directors |
| Linda S. Hasenfratz | Board of Directors |
| Luc Desjardins | Board of Directors |
| Margot A. Franssen | Board of Directors |
| Nicholas Le Pan | Board of Directors |
| Ronald W. Tysoe | Board of Directors |
| Stephen G. Snyder | Board of Directors |
| Tom Woods | Board of Directors |
| William A. Etherington | Board of Directors |
| William L. Duke | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Chairman & CEO, CIBC World Markets | Current |
| University of Alberta | degree in Business Administration | Former |
Mr. McCaughey is President and Chief Executive Officer of CIBC, a position he has held since August 2005. Before his appointment as President and Chief Executive Officer, he was President and Chief Operating Officer of CIBC from December 2004. From his start in CIBC’s Wood Gundy Private Client Division in 1990, Mr. McCaughey held a series of progressively senior positions including President of Wood Gundy Private Client Investments, Head of Global Private Client Investments, and Senior Executive Vice-President CIBC, responsible for Wealth Management in 1999. In December 2002 Mr. McCaughey was appointed Vice-Chair of CIBC and in February 2004 he became Chairman and Chief Executive Officer of CIBC World Markets Inc., the global investment banking arm of CIBC. Mr. McCaughey is Chair of the Advisory Board for the Canada Institute of the Woodrow Wilson Center, a director of the Frontier College Foundation, and a member of The Learning Partnership’s Corporate Advisory Board.
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | President & CEO | Current |
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
| Merrill Lynch & Co., Inc. | account executive | Former |
| Concordia University | bachelor of commerce degree | Former |
As Senior Executive Vice-President and Chief Financial Officer for CIBC, Mr. Williamson has overall responsibility for financial, management and regulatory reporting; maintenance of accounting records and internal controls; financial analysis and planning; tax planning and compliance. In addition, Mr. Williamson is responsible for sourcing and payment processing, corporate real estate, and liaising with CIBC investors. Prior to joining CIBC in 2008, Mr. Williamson was President and CEO of Atlas Cold Storage, a publicly-listed logistics and warehousing company. He has also served as Senior Vice-President of Strategic Planning and Development for Canada Life and as Executive Vice-President and Chief Financial Officer for Clarica Life Insurance Company. From 1991 to 2000, Mr. Williamson held a variety of positions including Chief Financial Officer and subsequently President and CEO with Derlan Industries Limited, a Canadian publicly listed manufacturing company with operations in Canada, the United States, Mexico, and Germany. Mr. Williamson has worked as a management consultant with international banks, including a period of time working at the Bank for International Settlements in Basel, Switzerland. Mr. Williamson is a Chartered Accountant and graduated from McMaster University with a Bachelor of Commerce degree in 1983.
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Chief Financial Officer | Current |
| Atlas Cold Storage Income Trust | President & CEO | Former |
| Clarica Life Insurance Company | Chief Financial Officer | Former |
| Clarica Life Insurance Company | Executive Vice President | Former |
| Atlas Cold Storage Income Trust | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Chief Administrative Officer and General Counsel | Current |
| Canadian Imperial Bank of Commerce | Senior Executive Vice President & General Counsel, Legal and Regulatory Compliance | Former |
Joined CIBC Asset Management in January 1990. As head of the firm's investment management activities, Richard is responsible for overseeing global equities, global fixed income, global asset allocation, and quantitative products. He is a member of the Board of Directors and of the CIBC Wealth Management team. Bachelor of Commerce from McMaster University (Hamilton); Richard is also a CFA charterholder.
| Organization | Position | Status |
|---|---|---|
| CIBC Asset Management | Chief Investment Officer | Current |
| Canadian Imperial Bank of Commerce | Chief Investment Officer, CIBC Asset Management | Current |
| McMaster University | Bachelor of Commerce | Former |
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Chief Admin Officer & Senior Executive Vice President | Current |
| Bank of Commerce (Cibc) | Senior Executive Vice President, Technology and Operations | Current |
| Public Affairs LLC | Senior Executive Vice President, Administration, Technology and Operations | Current |
| Bank of Commerce (Cibc) | Research Analyst | Current |
| Bank of Commerce (Cibc) | Chief Financial Officer | Former |
| Canadian Imperial Bank of Commerce | Research Analyst | Former |
| The Toronto-Dominion Bank | Former | |
| Canadian Imperial Bank of Commerce | Director | Former |
| Richard Ivey School of Business, The University of Western Ontario | Mba | Former |
| The University of Western Ontario | Ba Degree | Former |
In his current role as head of Corporate Development, Mr. Venn champions a "principal investor" mindset among CIBC's leadership group. He is responsible for identifying, developing strategic initiatives and joint ventures for CIBC. These initiatives include the acquisition of Merrill Lynch Canada's retail brokerage group, the sale of CIBC's interest in Juniper Financial Corp., Global Payments Inc., Edulinx Canada Corp., and its U.S. retail brokerage operation. In addition, Mr. Venn leads strategic planning activities for CIBC. Over Mr. Venn's career, he has managed the origination, merchant banking and capital markets businesses of Wood Gundy, where he was chairman and chief executive officer of CIBC's Canadian dealer for seven years. He has been a strategic advisor to many of CIBC World Markets' clients. Mr. Venn worked on the start-up of the merchant banking businesses, the integration of the corporate and investment banking businesses, as well as the acquisition of the professional groups that developed CIBC World Markets derivatives and high yield businesses. Mr. Venn is chairman and a director of CIBC Mellon; director of FirstCaribbean International Bank Limited; and director of INTRIA Items Inc. He is also on the Foundation, Finance and Investment Committee for Mount Sinai Hospital; Board of Trustees, and incoming Chair of the United Way; Board and Senior Management Committee, United Synagogue Day School; Investment Committee, Toronto Community Foundation; National Advisory Board, State of Israel Bonds; Campaign Executive Committee, University of Toronto; Board of Weizmann Institute of Science, and Co-Chair for the United Jewish Appeal 2004. Mr. Venn received a BA Sc. (engineering science) in 1973 at the University of Toronto. He proceeded with a scholarship to complete his MBA at Harvard in 1975.
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Senior Executive Vice President, Corporate Development | Current |
| Canadian Imperial Bank of Commerce | Managing Director, CIBC World Markets Inc. | Current |
| Firstcaribbean International Bank Limited | Director | Current |
| University of Toronto | BA Sc | Former |
CIBC Retail Markets provides a full range of financial products and services to almost 11 million personal, business banking and wealth management, as well as investment management services to retail and institutional clients globally. Ms. Baxendale is the Senior Executive Vice-President, CIBC and President, CIBC Retail Markets. She has led the Retail business since 2005, most recently, as Senior Executive Vice President, CIBC Retail Markets. With approximately 28,000 employees, CIBC Retail Markets has a broad distribution network serving clients through over 1050 branches, as well as CIBC Wood Gundy offices and President's Choice Financial in-store pavilions. Clients also have 24/7 access to telephone banking, online banking and online brokerage, as well as to Canada's 2nd largest ABM network. Since joining CIBC in 1992, Ms. Baxendale has played a key role in developing strategy and direction for CIBC's Retail Markets and Wealth Management businesses and has held various leadership roles including Senior Executive Vice-President, CIBC Wealth Management, Executive Vice-President, Asset Management, Card Products and Collections, and Executive Vice-President of Global Private Banking & Investment Management Services. Prior to this, she was Managing Director, CIBC Wood Gundy. Ms. Baxendale is currently a director of CIBC Trust Co. Bahamas Ltd., CIBC Bank & Trust Co. Cayman Ltd., and INTRIA Items Inc. In addition, Ms. Baxendale is a member of the Board of the SickKids Foundation, The Hospital for Sick Children and a member of Executive Council, Canadian Bankers Association. Ms. Baxendale is also the CIBC Executive Sponsor of the Canadian Breast Cancer Foundation CIBC Run for the Cure which raised nearly $30 million for breast cancer research in 2008. Prior to joining CIBC, Ms. Baxendale held various positions with American Express Canada and Saatchi & Saatchi. She has been named one of the “Top 100 Most Powerful Women in Canada” for the past two years and in 2000 was recognized as one of Canada’s Top 40 Under 40. Ms. Baxendale is a graduate of the University of Toronto.
| Organization | Position | Status |
|---|---|---|
| Bank of Commerce (Cibc) | Senior Executive Vice President, Cibc Retail Markets | Current |
| Canadian Imperial Bank of Commerce | Senior Executive Vice President | Current |
| Sickkids Foundation | Board of Directors | Current |
| Executive Council | Board of Directors | Current |
| Bank of Commerce (Cibc) | Premiere Vice Presidente | Former |
| The CIBC Wood Gundy Corporation | Managing Director | Former |
| Saatchi & Saatchi | Former | |
| University of Toronto | Former |
Hugues Rivard is an Associate. He earned his M.B.A. in finance and organizational behavior from the J.L. Kellogg Graduate School of Management at Northwestern University, and his B.A. in mathematical economics from Colgate University. Prior to joining Financial Focus, LLC, Mr. Rivard spent more than six years as a Private Client Manager at Assante Global Advisors/Loring Ward Capital Management, in New York and Los Angeles. He provided life management services to high-net worth individuals, including financial planning and portfolio management, insurance planning, wealth transfer and charitable giving. He also brings financial services experience as an investment banker with CIBC Wood Gundy in Montreal, and Goldman Sachs & Co. in New York.
| Organization | Position | Status |
|---|---|---|
| Financial Focus, LLC | Associate | Current |
| Canadian Imperial Bank of Commerce | Investment Banker | Current |
| Colgate University | M.B.A. In Finance | Former |
| Kellogg School of Management at Northwestern University | M.B.A. In Finance and Organizational Behavior | Former |
| Colgate University | B.A. In Mathematical Economics | Former |
| Financial Life Planning | Former |
University of Manitoba (B.A. 1947); University of Ottawa (LL.B. 1992); called to Ontario Bar (1994); Canadian Army (1942-46); Department of External Affairs, Foreign Service Officer (1947-61); Economic Advisor, Canadian Imperial Bank of Commerce (1961-67); Deputy Secretary to Federal Cabinet (1967-71); Chairman, Canada Development Corporation (1971-73); Chairman, National Energy Board (1973-78); President, M.A. Crowe Consultants, Inc. (1978-89); Bencher of the Law Society of Upper Canada (1995-2003). Marshall Crowe practices primarily in the area of public law. He articled with Johnston & Buchan and joined the firm in 1992 following a long and distinguished career in the private sector and in the public service of Canada, where he served as Deputy Secretary to the Cabinet and as Chairman of the National Energy Board. Mr. Crowe achieved quick recognition in the legal profession by being elected a member of the governing body of the Ontario Bar in his first year of practice. Mr. Crowe acts as counsel to the firm. In 2002, Mr. Crowe was awarded the Law Society Medal by the Law Society of Upper Canada.
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Advisor | Current |
| GulfMark Offshore Inc. | Board of Directors | Current |
| University of Manitoba | President | Former |
| University of Manitoba | Chairman | Former |
| University of Manitoba | Secretary | Former |
| Johnston & Buchan Llp | Member of the Firm | Former |
Marshall Jensen has over ten years experience working with public companies to meet their financing goals. He has worked as both an investment banker and an attorney, based in San Francisco and New York. Marshall's professional experience includes serving as Co-head of Capital Markets at Adams Harkness, and working as an Investment Banker at Montgomery & Co., UBS Securities and CIBC World Markets. Marshall holds a JD from Columbia School of Law and an undergraduate degree from Brown University.
| Organization | Position | Status |
|---|---|---|
| Fort Mason Capital | Managing Director | Current |
| Montgomery Company Incorporated | Investment Banker | Current |
| Canadian Imperial Bank of Commerce | Investment Banker | Current |
| Canaccord Adams Inc. | Investment Banker | Former |
| Columbia University Law School | Jd | Former |
| Brown University | Undergraduate Degree | Former |
Mathew is deeply honoured to be a part of the Marilyn Van Stone Foundation. After having cancer strike his own family, the opportunity to make a difference for cancer patients and the community was extremely welcomed. Having been born and raised in Toronto, Mathew presently resides in the GTA. With several years in the financial services industry, Mathew is currently an Investment Advisor with CIBC Wood Gundy. Coming from an International Business and Marketing background, Matt looks forward to helping the MVSF reach new heights and increase public awareness.
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Investment Advisor | Current |
| The CIBC Wood Gundy Corporation | Investment Advisor | Current |
| Marilyn Van Stone Foundation | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Bonita Bead | Managing Director | Current |
| Canadian Imperial Bank of Commerce | Global Head | Current |
| CIBC Oppenheimer | Current | |
| Cancer Research Institute | Board of Directors | Current |
| Manursing Island Club | Board of Directors | Current |
| Rye Country Day School | Board of Directors | Current |
| Progenics Pharmaceuticals, Inc. | Board of Directors | Current |
| Bonita Bead | Board of Directors | Current |
| The Glaucoma Foundation | Board of Directors | Current |
| The Health Care Group | Board of Directors | Former |
| Harvard University | M.B.A. In Finance | Former |
| Columbia University | M.B.A. | Former |
| Harvard University | B.A. | Former |
Mr. Belzberg is Senior Managing Partner of Torquest Partners. He has over 20 years of executive management experience in finance, acquisitions, corporate restructuring and operations. In addition to the former public company directorships listed below, Mr. Belzberg has served on the board of a number of investee companies. Mr. Belzberg is a director of Mount Sinai Hospital and Chair of its Quality Committee. He is Chair of the Canadian Council for Israel and Jewish Advocacy (CIJA) and also serves as an advisor to the law faculty at the University of Toronto. Before 1979 Mr. Belzberg practiced law at Torys LLP in Toronto.
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
Mr. Colter is President of CRS Inc., a corporate restructuring and strategy management consulting company. Before establishing CRS Inc., Mr. Colter was a long-time member of the senior management team of KPMG Canada. He served as Vice Chairman of KPMG Canada from January 2001 to August 2002, was Managing Partner of Global Financial Advisory Services, KPMG International from1998 to 2000 and from 1989 to 1998 was Vice Chairman of Financial Advisory Services, KPMG Canada. In addition to the public company directorships listed below,Mr. Colter is a director of Revera Inc., successor to the Retirement Residences Real Estate Investment Trust, which ceased to be a public company in 2007. He is also a member of its Corporate Governance Committee and Chair of its Audit Committee.
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
Mr. Giffin is Senior Partner in the Washington, D.C. and Atlanta, Georgia-based law firm, McKenna Long & Aldridge LLP. In addition to the public company directorships listed below, Mr. Giffin is a member of the Council on Foreign Relations, on the Board of Trustees for The Carter Center and on the Board of Counselors of Kissinger-McLarty Associates. Mr. Giffin served as United States Ambassador to Canada from 1997 to 2001.
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| The Cadillac Fairview Corporation Limited | Board of Directors | Current |
| Investeco Capital | Board of Directors | Current |
| Teck Cominco Limited | Board of Directors | Current |
| Nortel | Board of Directors | Current |
| Sickkids Foundation | Director | Current |
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
| Nortel Networks Corporation | Board of Directors | Current |
| Cesl Engineering Services Ltd. | Board of Directors | Current |
| Ontario Securities Commission | Commissioner | Former |
| Bank of Canada | Director | Former |
| University of Toronto | Degree | Former |
Since 2005, Peverett has served as President and Chief Executive Officer of British Columbia Transmission Corporation (BCTC), an electric utility in Vancouver, British Columbia. Between 2003 and 2005, she served as Chief Financial Officer of BCTC. Prior to joining BCTC, from 1988 through 2003, Peverett held various senior positions with Union Gas Limited of Toronto, Ontario, including serving as its President and Chief Executive Officer between 2001 and 2003. Peverett serves on the Board of Directors of Encana Corporation, the B.C. Business Council and the Canadian Electricity Association. Peverett earned a Bachelor of Commerce degree from McMaster University and a Master of Business Administration degree from Queen’s University. She is a certified management accountant.
| Organization | Position | Status |
|---|---|---|
| Northwest Natural Gas Company | Board of Directors | Current |
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
John Braive joined CIBC Asset Management in January 1983 as the founding partner of the firm's Toronto office. Responsible for the management of the firm's fixed income assets for 18 years, Mr. Braive was instrumental in building CIBC Asset Management into one of the pre-eminent investment management firms in Canada. Among his many accomplishments, he developed the first index bond fund in Canada and introduced new quantitative and high yield fixed income products at the firm. He also contributed to the growth of the firm's assets by taking a leading role in the marketing and servicing of CIBC Asset Management's products. In addition to his role as Vice-Chairman, Mr. Braive is a member of the Global Fixed Income team, the Investment and Strategy committees, and the Board of Directors. He is also a director of the Investment Counsel Association of Canada. Immediately prior to his current role, Mr. Braive was Chairman and CEO of the firm's institutional division from 1998 to 2001. Before joining CIBC Asset Management, he worked at Royal Trust (Toronto) from 1971 to 1982, holding various positions, including Senior Portfolio Manager, Assistant Vice-President - Fixed Income, Manager of Trading and Senior Trader.
| Organization | Position | Status |
|---|---|---|
| CIBC Asset Management | Partner | Current |
| Cibc Global Asset Management Inc | Partner | Current |
| Bank of Commerce (Cibc) | Vice-Chairman | Current |
| Canadian Imperial Bank of Commerce | Vice Chairman, Asset Management | Current |
| Cibc Global Asset Management Inc | Vice-Chairman | Current |
Mr. Manley is Counsel, McCarthy Tétrault LLP. Throughout more than 15 years of public service, Mr. Manley held several senior portfolios in the Canadian federal government. He was appointed to Cabinet in November 1993. Mr. Manley was appointed as Deputy Prime Minister of Canada in January 2002 and also served as Finance Minister from June 2002 to December 2003. In addition to the public company directorships listed below, Mr. Manley is a director of Optosecurity Inc., CARE Canada, the National Arts Centre Foundation and MaRS Discovery District. He is also a member of the Board of Governors of the University ofWaterloo, The Conference Board of Canada and the Board of Directors of the Institute for Research on Public Policy. In 2007 Mr. Manley was appointed Chair of the Independent Panel on Canada’s Future Role in Afghanistan.
| Organization | Position | Status |
|---|---|---|
| McCarthy Tetrault LLP | Counsel | Current |
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
| Nortel Networks Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
Mrs. Rahl is President and Founder of Capital Market Risk Advisors, Inc., (CMRA) of New York, a consulting boutique specializing in risk management, hedge funds and risk governance. Prior to founding CMRA in 1994 and its predecessor firm, Leslie Rahl Associates, in 1991, Mrs. Rahl spent almost 20 years in increasingly senior positions at CitiBank N.A., culminating as Co-Head of Derivatives in North America. She is a director of the International Association of Financial Engineers and a member of the Alternative Investment Management Association’s Hedge Fund Committee. She is a former director of the International Swaps Dealers Association (ISDA) and former trustee of the MIT Investment Management Company. Mrs. Rahl was named among the Top 50Women in Finance by Euromoney in 1997 and has authored a book on hedge funds and a variety of publications and articles on hedge funds and risk.
| Organization | Position | Status |
|---|---|---|
| Capital Market Risk Advisors, Inc. | Founder and President | Current |
| High Water Women | Founder | Current |
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
| Iafe | Board of Directors | Current |
| Fannie Mae | Board of Directors | Former |
| Women and Company | Board of Directors | Former |
| MIT Sloan School of Management | MBA | Former |
Ms. Hasenfratz is Chief Executive Officer of Linamar Corporation, a position she has held since 2002. Linamar designs, develops and manufactures precision machined components, modules and systems for engine, transmission and chassis systems primarily for the North American and European automotive marketplace. Ms. Hasenfratz is Vice Chairman of the Royal Ontario Museum Foundation and is a member of the Canadian Board of Advisors of Catalyst. She is Co- Chair of the North American Competitive Council and is Vice Chair of the Board of Directors of the Original Equipment Suppliers Association. Ms. Hasenfratz was named one of Canada’s Top 40 under 40 by Report on Business Magazine in 2003 and received the Wilfrid Laurier Outstanding Leader Award in November 2007.
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
| Transcontinental Inc. | President & CEO | Former |
| Transcontinental Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
Mr. Le Pan has extensive experience in financial services matters. He served as Superintendent of Financial Institutions for Canada from 2001 to 2006 and as Deputy Superintendent, Office of the Superintendent of Financial Institutions, Canada (OSFI) from May 2000. He acted as Deputy Superintendent (Supervision) from 1997, where his duties included oversight of the supervision programs for banks and other deposit-taking institutions. Mr. Le Pan has been involved in various international and Canadian regulatory coordination efforts, including representation as Chairman of the Basel Accord Implementation Group and Vice Chairman of the Basel Committee on Banking Supervision. He is also the Chair of the Canadian Public Accountability Board which oversees auditors of public companies, Chair of the Independent Review Committee of Brandes Investment Funds and a member of the board of the Toronto Centre for Leadership in Financial Sector Supervision.
| Organization | Position | Status |
|---|---|---|
| Societe d'assurance-depots du Canada | Board of Directors | Current |
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Perella Weinberg Partners Uk Llp | Board of Directors | Current |
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
| Taubman Centers, Inc. | Board of Directors | Current |
| National Realty & Development Corporation | Board of Directors | Current |
| Macy's, Inc. | Vice Chairman | Former |
| Great American Financial Resources, Inc. | Director | Former |
| University of British Columbia | Bachelor of Law Degrees | Former |
Mr. Snyder is President and Chief Executive Officer of TransAlta Corporation, an energy company focused on electricity generation and energy trading and marketing. He is Chair of the Calgary Stampede Foundation and Chair of the Secretariat for Action on Homelessness for the Province of Alberta. He is past Chair of The Conference Board of Canada, past Chair of the Calgary Zoo, past Chair of the ecoENERGY Carbon Capture and Storage Task Force and past Chair of the CalgaryCommittee to End Homelessness. He is a director of the Fraser Institute and the Canadian INSEAD Foundation. In 2008 Mr. Snyder received the Honorary Associate Award from The Conference Board of Canada. He received the Alberta Centennial Medal in 2005.
| Organization | Position | Status |
|---|---|---|
| TransAlta Corporation | Chief Executive Officer | Current |
| TransAlta Energy Corporation | President & CEO | Current |
| Green Energy | President and CEO | Current |
| TransAlta Corporation | President | Former |
| The Calgary Stampede Foundation | Chair | Current |
| Transalta Power Limited | President and CEO | Current |
| TransAlta Corporation | Director | Current |
| Green Energy | Board of Directors | Current |
| Canadian Imperial Bank of Commerce | Director | Former |
| The University of Western Ontario | Master of Business Administration | Former |
| Queen's University | Bachelor of Science In Chemical Engineering | Former |
| University of Calgary | Degrees | Former |
Mr. Woods has spent his entire career with CIBC. He joined Wood Gundy, the predecessor firm of CIBC World Markets in 1977, in the Toronto Investment Banking Department. In 1980, he moved to the Montreal Investment Banking Department and returned to Toronto Investment Banking in 1985. Throughout this time, he specialized in advising companies in raising financing in the equity and debt capital markets, and in mergers and acquisitions. In 1996, Mr. Woods was named head of Canadian Corporate Banking and in 1998 was appointed Chief Financial Officer of CIBC World Markets. He became Controller of CIBC in 1999. In 2000, Mr. Woods was appointed Chief Financial Officer for CIBC and was promoted to Senior Executive Vice-President in 2003. In 2008, he was appointed Chief Risk Officer for CIBC. Mr. Woods is the chair of CIBC's Capital and Risk Committee and chair of the Canadian Bankers Association's Risk Committee. He serves on the boards of FirstCaribbean International Bank, The Canadian Opera Company, Covenant House (Toronto) and Covenant House International (New York). Mr. Woods graduated from the University of Toronto in 1975 with a Bachelor of Applied Science degree in Industrial Engineering. He earned his Master of Business Administration from Harvard Business School in 1977.
| Organization | Position | Status |
|---|---|---|
| Bank of Commerce (Cibc) | Senior Executive Vice President and Chief Risk Officer, Risk Management | Current |
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
| Covenant-House | Board of Directors | Current |
| Canadian Opera Company | Board of Directors | Current |
| Bank of Commerce (Cibc) | Controller | Former |
| Harvard Business School | Master of Business Administration | Former |
| University of Toronto | Bachelor of Applied Science Degree In Industrial Engineering | Former |
William A. Etherington was elected as one of our directors in May 2006. He currently serves as Chairman of the Board of the Canadian Imperial Bank of Commerce (CIBC). Mr. Etherington retired from IBM in September 2001 as Senior Vice President and Group Executive, Sales and Distribution. Mr. Etherington spent over 37 years with IBM and was a member of IBM’s Operations Committee and Worldwide Management Council. He also serves on the boards of directors of Celestica Inc. and MDS Inc.
| Organization | Position | Status |
|---|---|---|
| SS&C Technologies, Inc. | Director | Current |
| Lasik Problems | Board of Directors | Current |
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
| MDS Inc. | Director | Current |
| Lasik Results | Board of Directors | Current |
| Celestica, Inc. | Director | Current |
| The University of Western Ontario | Board of Directors | Current |
| Onex Corporation | Director | Current |
| St. Michael's Hospital | Director | Current |
| The University of Western Ontario | Member | Current |
| International Business Machines Corporation | Senior Vice President | Former |
| Canadian Imperial Bank of Commerce | Non-Executive Chairman | Former |
| The University of Western Ontario | Bachelor of Science degree in Electrical Engineering | Former |
Mr. Duke is President of Annandale Farms Inc. and operates a 3,500 acre mixed grain farm in southeast Saskatchewan. He is a past President of the Western Canadian Wheat Growers Association and was a member of the Auditor General of Canada’s Special Advisory Committee. Mr. Duke operated a farm management and tax consulting business from 1975 to 1985.
| Organization | Position | Status |
|---|---|---|
| Canadian Imperial Bank of Commerce | Board of Directors | Current |
Executive News
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CIBC HAUNTED BY ENRON
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Enron still haunting CIBC
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CIBC misses expectations, shares tumble
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CIBC stock tumbles as profit disappoints
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CIBC reports third-quarter profit of $434M, takes hit from loan-loss provisions
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UPDATE 4-CIBC misses expectations, shares tumble
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CIBC reports third-quarter profit of $434 million, misses analyst estimates
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The Toronto-based bank reported net earnings of $434 million
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CIBC reports third - quarter profit of $434 m...
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Canadian Imperial Bank Of Commerce Q3 Profit Jumps - Update
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CIBC's profit improves
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CIBC reports third-quarter profit of $434 million, misses analyst estimates
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Retail banking drives CIBC profit
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CIBC profits improve
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CIBC earns $434-million in Q3
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Archive: CIBC's Q2 results
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CIBC profit rises to $434-million
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Nortel Loses $136M in June, But Directors Get $100K Raises
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Nortel Makes Changes
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Nortel CEO to step down, quarterly loss widens
| Volume | 454,747 |
| Shares Outstanding | 382.7M |
| Market Cap | 22.7B |
| Year High | 65.050 |
| Year Low | 28.030 |
| Earnings Per Share | 1.13 |
| P/E Ratio | 52.5929 |
| Dividend | 3.2618 |
| Yield | 5.4885 |
Industry Transcripts by Seeking Alpha
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on Nov 06, 2009about MKL
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