CIBC Announces Leadership Appointments

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CIBC has announced a number of senior level appointments to further build on the bank's performance and to support the client-focused implementation of its business strategy.

Specifically, the following appointments are being made today:

Geoff Belsher, Managing Director and Global Head, Investment Banking, and Harry Culham, Managing Director and Global Head, Capital Markets Trading, have been named Group Co-Heads, Wholesale Banking, CIBC.

Belsher will maintain management of CIBC’s global investment banking business and assume reporting responsibility for regional offices in New York, London and Hong Kong.

Culham will assume global responsibility for all Wholesale Banking Capital Markets businesses, including Fixed Income, Currencies and Distribution; Cash Equities; Global Derivatives and Strategic Risk; and management of our Chief Investment Officer activities.

In their new roles, Belsher and Culham will have joint responsibility for the day-to-day operation of the Wholesale Banking business.

Corporate banking, real estate lending and trading credit are key strategic priorities for the Wholesale Banking business. In support of this, Corporate Credit Products, led by Laura Dottori as Managing Director and Global Head, will be expanded to include the portfolio management of all Wholesale lending and credit activities. In her leadership role, Ms. Dottori will be responsible for oversight of all credit activities on behalf of Wholesale Banking.

John Orr, Chief Executive Officer, FirstCaribbean International Bank (FCIB), is appointed Executive Vice-President, Strategy and Corporate Development, CIBC, based in Toronto. Replacing Mr. Orr as the new CEO of FirstCaribbean is Rik Parkhill, currently Managing Director and Head, Cash Equities. Mr. Parkhill will be based in Barbados and will assume this role over the next few months, pending regulatory approvals.

'These appointments position us well to continue our focus on delivering consistent, sustainable results in our core client-focused businesses while pursuing further opportunities for risk-controlled growth over the next three years', said Richard Nesbitt, Senior Executive Vice President, CIBC, and Group Head, Wholesale, International and Technology and Operations.

CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, and has offices in the United States and around the world.

Biographies

Geoffrey S. Belsher

Managing Director and Global Head, Investment Banking, CIBC World Markets Inc.

Geoff Belsher is Managing Director and Global Head of Investment Banking for CIBC. He is responsible for the firm's Investment Banking business, including its mergers and acquisitions, public equity and debt financing activities.

Prior to joining CIBC in 2009, Belsher held senior positions at a number of Canadian and global investment banks. During this time, he advised on a wide range of significant domestic and cross border transactions.

Before his career in investment banking, Belsher was a lawyer at a major Canadian law firm from 1984 to 1997. He practiced in the area of corporate law with a focus on corporate finance and mergers and acquisitions.

Belsher holds an LL.B. from Osgoode Hall Law School and a B.A. from the University of Toronto. He is also a member of the Wholesale Banking Management Committee of CIBC.

Harry Culham

Managing Director and Head, Capital Markets Trading, CIBC World Markets Inc.

Harry Culham is Managing Director and Head of Capital Markets Trading with CIBC World Markets Inc. He is responsible for the firm's Capital Markets Trading Business, which includes fixed income and currencies, debt capital markets, global derivatives, distribution and the office of the Chief Investment Officer.

Prior to joining CIBC in May 2008, Culham was the Managing Director of Fixed Income, Currencies and Commodities, and Co-Head of the Global Currencies division at Merrill Lynch in London, comprised of G20 FX, as well as the Emerging Markets Trading businesses for FX and Interest Rate products. Before joining Merrill Lynch, Culham was Managing Director and Head of Fixed Income, Currencies and Commodities at Dresdner Kleinwort in London. He has also worked in capital markets roles with UBS in London and AIG Financial Products in Asia. Culham started his career with CIBC in the graduate training program, working in the foreign exchange business in Toronto from 1990 to 1994.

Culham is a member of the Wholesale Banking Management Committee and a member of the CIBC World Markets Board of Directors. He graduated from the University of British Columbia, Sauder School of Business, and is a Portfolio Management Foundation (PMF) alumnus and Leslie Wong Fellow.

Laura Dottori-Attanasio

Managing Director and Global Head, Corporate Credit Products, CIBC

Laura Dottori-Attanasio is Global Head of Corporate Credit Products with CIBC. She is responsible for all credit activities at CIBC's wholesale bank, including corporates, trading room credits and international lending activities.

Before joining CIBC in 2009, Ms Dottori-Attanasio was with one of Canada's Chartered Banks where she held a number of senior executive positions including Chief Risk Officer, Head of Credit Capital Markets and Vice-President of Credit and Specialized Products.

She has over 20 years of experience in the finance sector and holds a Bachelor's degree in Finance and Economics from the University of Western Ontario. Ms Dottori-Attanasio is a member of the Board of Directors of the Children's Aid Foundation, CIBC Children’s Foundation and was named one of Canada's Most Powerful Women in 2008 by the Women's Executive Network and is chairing CIBC’s Wholesale Banking Diversity Steering Committee.

Rik Parkhill

Managing Director and Global Head, Capital Markets Sales & Cash Equities, CIBC World Markets Inc.

Rik Parkhill joined CIBC in 2008 as Managing Director, Head of Capital Markets Sales & Cash Equities with CIBC World Markets Inc. He has more than 20 years of experience managing brokerage firms and exchanges in the Canadian equities markets.

In his role at CIBC Parkhill is responsible for sales, trading, alternative execution services and research for all aspects of CIBC's cash equities business. He also shares responsibility for the Equity Capital Markets activities with Geoff Belsher.

Prior to joining CIBC, Parkhill was Interim Co-Chief Executive Officer with the TSX Group. In his role, he was responsible for determining the strategic business direction with the Board and enhancing competitive positioning and maximizing shareholder returns. He also played a key role in expanding products and services domestically and internationally and strengthening operational effectiveness. Parkhill is a member of the Wholesale Banking Management Committee.

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