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CIBC Asset Management Announces Portfolio Manager Changes

TORONTO, Dec. 7, 2012 /CNW/ - CIBC Asset Management Inc. (CAMI) today 
announced portfolio manager changes, furthering its commitment to bringing the 
highest-quality investment management, products and services to Canadian 
investors. 
The changes include the addition of American Century Investment Management, 
Inc. (American Century), Cornerstone Capital Management, Inc. (Cornerstone), 
Pzena Investment Management, Inc. (Pzena) and Sustainable Growth Advisers, LP 
(Sustainable Growth) as portfolio sub-advisors to certain U.S. and global 
investment mandates, effective on or about January 2, 2013. 
Imperial U.S. Equity Pool 
Cornerstone will be added as a portfolio sub-advisor for the U.S. large-cap 
growth component of the Imperial U.S. Equity Pool. Pzena will be added as a 
portfolio sub-advisor for a new U.S. large-cap value component of the Pool. 
Sustainable Growth will be added as a portfolio sub-advisor for a new growth 
component of the Pool. American Century, CIBC Global Asset Management Inc. and 
Metropolitan West Capital Management, LLC (Metropolitan West) will continue to 
serve as portfolio sub-advisors for other components of the Pool. 
Frontiers U.S. Equity Pool 
Cornerstone will be added as a portfolio sub-advisor for the U.S. large-cap 
growth component of the Frontiers U.S. Equity Pool. Pzena will be added as a 
portfolio sub-advisor for a new U.S. large-cap value component of the Pool. 
Sustainable Growth will be added as a portfolio sub-advisor for a new growth 
component of the Pool. Metropolitan West and INTECH Investment Management LLC 
will continue to serve as portfolio sub-advisors for other components of the 
Pool. 
Renaissance U.S. Equity Growth Fund and Renaissance Global Focus Fund 
American Century has been appointed as portfolio sub-advisor for the 
Renaissance U.S. Equity Growth Fund and the Renaissance Global Focus Fund. 
About the firms 
American Century: A leading U.S. investment management firm, American Century 
is committed to delivering superior and consistent risk-adjusted performance 
through active management. Headquartered in Kansas City with offices in New 
York, California, London and Hong Kong, the firm manages approximately $123 
billion in assets (as of October 31st, 2012). In August 2011, CIBC acquired a 
minority ownership position in American Century. www.americancentury.com 
Cornerstone: At the core of Cornerstone's contrarian active approach is the 
ability to use deep fundamental analysis to identify perception gaps - when 
consensus expectations fail to recognize the true earnings growth potential of 
a given company. Cornerstone is based in Minneapolis and is a strategic 
partner of New York Life. www.cornerstonecapital.com 
Pzena: Headquartered in New York City, Pzena has a deep value investment 
philosophy which emphasizes an understanding of business models and earnings 
power. Pzena's strong research team conducts in-depth proprietary 
investigations into companies in order to produce better judgments about the 
prospects of its investment universe. www.pzena.com 
Sustainable Growth: With its proprietary research and attention to valuation 
measures, Sustainable Growth seeks to enhance performance with a focus only on 
those few high quality businesses that offer predictable, sustainable earnings 
and cash flow growth over the long term. Sustainable Growth is located in 
Stamford, Connecticut. www.sgadvisers.com 
CIBC Asset Management, 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 $55 billion in assets. 
Media contact: Kevin Dove, Head, External Communications and Media  Relations, 
at 416-980-8835 or e-mail:kevin.dove@cibc.ca. Product inquiries: Renaissance 
Investments Client Services at  1-888-888-FUND (3863). 
SOURCE: CIBC - Investor Relations 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/December2012/07/c7243.html 
CO: Canadian Imperial Bank of Commerce
ST: Ontario
NI: FIN FND FLOWS  
-0- Dec/07/2012 15:05 GMT
 
 
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