Canadian Imperial Bank of Commerce

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Baxendale Out at CIBC Retail Bank
Canadian Imperial Bank of Commerce shook up its senior ranks Monday, with Sonia Baxendale, a key executive who transformed the retail bank, leaving the fifth-largest Canadian bank.

Canadian Imperial Bank of Commerce Company Profile


Toronto-based Canadian Imperial Bank of Commerce, known as CIBC, is the fourth largest bank in Canada. The diversified bank provides a range of products and services to individual, small-business, corporate and institutional clients in Canada, the U.S. and overseas.

Long seen as an aggressive and entrepreneurial bank, CIBC has been recovering from a series of missteps in recent years. Chief executive Gerald McCaughey, who took the helm as a reformer, has been described in the media as an "insider's outsider."

In 2008, CIBC sold its money-losing U.S. investment banking, equities, leveraged finance and related debt capital markets businesses, part of CIBC World Markets, to Oppenheimer Holdings Inc. It held on to its real estate financing business in New York, a streamlined merchant banking operation, a lending operation and a small group of equity pros.



CIBC's career pages are applicant friendly, with resume and interview tips and an explanation of the bank's hiring process. Among the benefits of working at the bank is the CIBC Knowledge Network, an online intranet portal for training and development, helping employees manage their careers and develop management skills, among other things.

Facts & Resources

Employees:   39,698
Stock Quote   CM
Company Site:
Career Site:   Careers


Subsidiaries & Divisions

  • CIBC Asset Management Holdings Inc.
  • CIBC Delaware Holdings Inc.
  • CIBC World Markets Corp.
  • CIBC Holdings (Cayman) Ltd.
  • CIBC Mortgages Inc.
  • CIBC Offshore Services Inc.
  • Gestion Globale D'actifs CIBC Inc.
  • Canadian Imperial Holdings Inc.
  • CIBC Global Asset Management Inc.
  • CIBC Investor Services Inc.



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