Our strategic business units
Canadian Personal and Business Banking
Canadian Personal and Business Banking provides personal and business clients across Canada with financial advice, services and solutions through banking centres, digital and mobile channels to help make their ambitions a reality.
Our focus for 2022
Our objective is to deliver sustainable, market-leading performance with a focus on helping our clients achieve their ambitions. Our strategy remains centred on three key priorities:
- Introduce more opportunities for our clients to deal with us digitally
- Provide our team with the tools to deliver an excellent experience for our clients
- Deliver personalized advice to our clients in a way that is meaningful to them
Canadian Commercial Banking and Wealth Management
Canadian Commercial Banking and Wealth Management provides high-touch, relationship-oriented banking and wealth management services to middle-market companies, entrepreneurs and high-net-worth individuals and families across Canada, as well as asset management services to institutional investors.
Our focus for 2022
Our ambition is to become the leader in financial advice to both personal and business clients. We remain focused on three key strategic priorities:
- Accelerate the growth of Private Wealth to broaden and deepen client relationships
- Evolve our Asset Management business to increase connectivity within our own bank channels and continue to extend our investment capabilities and fee structures to meet evolving client needs
- Deliver risk-controlled growth in our Commercial Bank, while fostering strong referrals across CIBC
U.S. Commercial Banking and Wealth Management
U.S. Commercial Banking and Wealth Management provides commercial banking and private wealth services across the U.S., as well as personal and small-business banking services in four U.S. Midwestern markets and focuses on middle-market and mid-corporate companies and high-net-worth individuals and families.
Our focus for 2022
To build on our momentum across U.S. Commercial Banking and Wealth Management, we will continue to focus on helping our clients achieve their ambitions by:
- Building and deepening client relationships through referral activity across all businesses, disciplined growth in Commercial Banking and greater scale in Private Wealth
- Strengthen and diversify our deposit base by leveraging private banking services for commercial and wealth clients and continued growth in regional expansion markets such as Florida and Texas
- Improve efficiency through data and technology to support growth, modernizing consumer and commercial digital platforms and enhancing data-driven decision making
- Advance the transformation of our business through continued investment in people, infrastructure and growth initiatives
Capital Markets
Capital Markets provides integrated global markets products and services, investment banking advisory and execution, corporate banking solutions, and top-ranked research to our clients around the world. It includes Direct Financial Services which focuses on expanding CIBC’s digitally enabled capabilities to provide a cohesive set of direct banking, direct investing and innovative multi-currency payment solutions for CIBC’s clients.
Our focus for 2022
To support our bank’s long-term objectives, Capital Markets remains focused on delivering profitable growth by deepening client relationships and collaborating with our partners across our bank to help make our clients’ ambitions a reality. We will continue to do this by:
- Maintaining our focused approach to client coverage in Canada
- Growing our North American platform by further expanding our U.S. reach and broadening the services offered to clients
- Strengthening our connectivity, technology and innovation efforts to bring more of our bank’s offerings to our clients
