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, as well as mobile and online channels, to help make their ambitions a reality.
Our focus for 2023
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:
- Delivering personalized advice to our clients in a way that is meaningful to them;
- Introducing more opportunities for our clients to deal with us digitally; and
- Providing our team with the tools to deliver an excellent experience for our clients.
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 2023
Our ambition is to become the leader in financial advice to both personal and business clients. We remain focused on three key strategic priorities:
- Delivering risk-controlled growth in our Commercial Bank, while fostering strong referrals across CIBC;
- Accelerating the growth of Private Wealth to deepen client relationships; and
- Evolving our Asset Management business to increase connectivity within our own bank channels and to launch new technologies to support clients and advisors.
U.S. Commercial Banking and Wealth Management
U.S. Commercial Banking and Wealth Management provides high-touch, relationship-oriented banking and wealth management services across the U.S., focused on middle-market and mid-corporate companies, entrepreneurs, high-net-worth individuals and families, as well as personal and small business banking services in four U.S. Midwestern markets.
Our focus for 2023
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:
- Growing Commercial Banking by delivering expertise and unique solutions, leveraging the strength of our franchise to provide lending and deposit services;
- Expanding Private Wealth and Private Banking within high-net-worth and ultra-high-net-worth segments and in fast-growing markets; and
- Investing in people, technology and infrastructure to scale our platform, strengthen our risk management capabilities, enhance data-driven decision making and create greater efficiencies.
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 2023
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
