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CIBC Global Asset Management Inc. Announces Chief Investment Officer Appointment

CIBC Global Asset Management Inc. Announces Chief Investment Officer 
TORONTO, May 17, 2013 /CNW/ - CIBC Global Asset Management Inc. (CGAM) today 
announced senior appointments to further strengthen its portfolio management 

    --  Suzann Pennington, Managing Director, Chief Investment Officer
    --  Stephen Carlin, Vice-President, Senior Portfolio Manager,
        Canadian Equities

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 at

Kevin Dove, Head, External Communications and Media Relations, at  
416-980-8835 or


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CO: Canadian Imperial Bank of Commerce
ST: Ontario

-0- May/17/2013 12:00 GMT

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