Canadian Imperial Bank of Commerce operates as a diversified financial services company. The company provides a range of financial services and products to 11 million individual, small business, commercial, corporate and institutional clients in Canada and worldwide. Business Units The company operates through its three business units: Retail and Business Banking, Wealth Management, and Wholesale Banking. Retail and Business Banking Retail and Business Banking provides financial advice, as well as banking, investment and authorized insurance products to clients through the channel that meets their needs. Through branches, mobile advisors, and telephone, online and mobile banking channels, it allows clients to bank when, where and how they want. Strategy: Retail and Business Banking has shifted its strategy to a client focus with the objective of enhancing the client experience and accelerating profitable revenue growth across all of the company’s channels. Wealth Management Wealth Management provides relationship-based advisory services and a suite of investment solutions to meet the needs of institutional, retail and high net worth clients. Its asset management, retail brokerage and private wealth management businesses combine to create an integrated offer delivered through advisors across Canada and the U.S. Strategy: In Wealth Management, the company seeks to grow business in Canada and internationally, particularly in the United States. This growth is supported by three strategic priorities: enhance the client experience and strengthen relationships; attract new clients; and pursue strategic growth opportunities. Wholesale Banking Wholesale Banking provides integrated credit and capital markets products, investment banking advisory services and research to corporate, government and institutional clients worldwide. Strategy: The company focuses on developing deep client relationships and earning clients’ trust through unparalleled execution and innovation, and strong collaboration across the company. Significant Events In April 2015, Canadian Imperial Bank of Commerce announced the opening of the new CIBC Norwich and Montclair Banking Centre located on Norwich Avenue at the Power Centre. This full-service branch is open six days a week to serve the needs of this growing community. In May 2015, The Canadian Imperial Bank of Commerce, or CIBC, has announced the opening of the CIBC Grand-Heron Banking Centre at Saint-Jerome, a suburb of Montreal, Quebec. In July 2015, The Canadian Imperial Bank of Commerce has opened a new branch at Sevenoaks Shopping Centre in Abbotsford, British Columbia. The new branch in Abbotsford will help to better serve clients with a full-range of banking solutions and open every day. CIBC opened the new Stouffville Main & Weldon Banking Centre on July 27, 2015. History Canadian Imperial Bank of Commerce was founded in 1867.
can imperial bk of commerce
(CM:Toronto Stock Exchange)
Toronto, ON M5L 1A2
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