CIBC World Markets Hires Rabobank's Stretch as Head of Currency Strategy

CIBC World Markets, the investment- banking unit of Canadian Imperial Bank of Commerce, hired Jeremy Stretch from Rabobank International for currency coverage.

Stretch will start in July as an executive director and head of FX strategy in London, the Toronto-based bank said in an internal memo today. Stretch will focus primarily on developing tactical trade ideas involving major currencies, as well as analysis for the bank and its clients, CIBC said.

To contact the reporter on this story: Doug Alexander in Toronto at

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