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Sept. 24 (Bloomberg) -- Canadian Imperial Bank of Commerce hired Craig Wilson from Scotia Capital as head of North American high-yield trading to expand its debt-capital markets business.

Wilson will join CIBC on Sept. 27 as a managing director, the Toronto-based bank said today in an internal memo obtained by Bloomberg News and confirmed by CIBC spokesman Tom Wallis.

Wilson has 14 years of high-yield market experience in Toronto and New York as an analyst and trader, according to the memo. He spent the last two years as a managing director in fixed income with Scotia Capital in Toronto, where he helped set up the firm’s Canadian high-yield trading platform. He was head of Scotia Capital’s high-yield research in New York from 2004 until 2008. Canadian Imperial is the country’s fifth-biggest bank.

To contact the editor responsible for this story: Alec McCabe at

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