CIBC Adds Two In New York Global Expansion Continues

BANKS

The Canadian Imperial Bank of Commerce (CIBC) continues to expand it foreign exchange trading operations around the world. Its most recent additions are in New York, where it recently added two more to its corporate sales desk, bringing the total there to nine.

"Last year was a record year for us in New York, both in terms of customer penetration and in terms of profitability," says Barry Wainstein, head of the bank's money markets and foreign exchange operations in Canada. "As a result, we