CIBC Adds Goldman Sachs’s Freeborn for Energy Investment Banking

Canadian Imperial Bank of Commerce, the country’s fifth-biggest lender, hired Goldman Sachs Group Inc.’s Michael Freeborn as head of energy investment banking.

Freeborn will oversee that business from Calgary, the Toronto-based firm said today in an internal memo. He’ll replace Mark Horsfall, who was appointed vice-chairman of investment banking starting in August, the firm said.

Freeborn previously led Goldman Sachs’s Canadian energy investment banking business from Calgary. Before joining the New York-based firm in 2005, he worked for CIBC in both Calgary and Toronto. He’ll report to Geoff Belsher, group co-head of wholesale banking, according to the memo.

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