CIBC World Markets
From Wikipedia, the free encyclopedia
CIBC World Markets, is the investment banking division of the Canadian Imperial Bank of Commerce. It helps large companies, governments, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities.
Contents |
[edit] History
Wood, Gundy and Company was established in Toronto in 1905 by George Herbert Wood and James Henry Gundy. Their company later merged with CIBC Securities in 1987. In 1988 the investment dealer took the name CIBC Wood Gundy. In the U.S. CIBC acquired the brokerage house Oppenheimer & Co. changing the newly acquired company to CIBC Oppenheimer in 1997. In 2003 they sold a division of CIBC to Fahnestock along with the Oppenheimer name. Upon doing so CIBC Woody Gundy (in Canada) and CIBC Oppenheimer (in US) became jointly known as CIBC World Markets in 1997. The Wood Gundy nomenclature lives on today as the retail brokerage division of CIBC World Markets Inc., however only operates in Canada.
[edit] Structure
- Full capital solutions for growth-oriented companies and all capital markets
- Advisory expertise across a wide range of industries
- Equity and debt research
[edit] Operations
Besides Canada, World Markets has offices worldwide:
- US
- Asia
- Europe
This division lost $71 million in 2003.
[edit] Executive
CIBC World Markets is headed by Brian Shaw, Chairman and Chief Executive Officer of CIBC World Markets. Shaw assumed this position in December, 2004. His previous position was deputy chairman and head of Global Equities and Commodity Products.
[edit] See also
| Canadian Imperial Bank of Commerce | |
|
Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2.64 billion CAD ( |
|
| Major brands by financial service | |
| Master: CIBC | Financial group: CIBC | Canadian banking: CIBC | International banking: CIBC Private Wealth Management | Canadian mutual funds: CIBC Mutual Funds | Canadian brokerage: CIBC Investor's Edge and CIBC Wood Gundy | Canadian insurance: CIBC Insurance | Capital markets: CIBC World Markets | Custodial: CIBC Mellon |
 |
This bank & insurance-related article is a stub. You can help Wikipedia by expanding it |
