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OTTAWA: Canadian Imperial Bank of Commerce, CIBC is reorganizing its wholesale banking operations with a slate of leadership changes designed to bolster the division’s growth.
Roman Dubczak has been named managing director and head of global investment banking, where he will oversee the bank’s advisory and financing businesses. Dubczak was previously CIBC’s head of equity markets.
Dubczak, as well as popular BNN guest Avery Shenfeld and his economics team and global markets head Christian Exshaw will begin reporting to Harry Culham, the group head of wholesale banking at CIBC.
In an email to staff obtained by BNN, Culham says the changes will “ensure strong coordination and alignment across wholesale banking”. He also notes further changes to the division’s organization structure are in the works.
Culham was appointed sole leader of CIBC’s wholesale banking activities on Aug. 27, with co-head Geoff Belsher due to retire on Sept. 30.
CIBC last month reported an eight percent rise in adjusted wholesale banking profit for the third quarter.
