CIBC World Markets
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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.
History
Wood, Gundy and Company was established in Toronto in 1905 by George Herbert Wood and James Henry Gundy. Their company later became Wood Gundy Inc, and finally merged with CIBC Securities in 1987. In 1988 the investment dealer took the name CIBC Wood Gundy. CIBC in the U.S. investment banking industry 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. According to their [website], CIBC Wood Gundy is now a division of CIBC World Markets Inc.
Structure
- Full capital solutions for growth-oriented companies and all capital markets
- Advisory expertise across a wide range of industries
- Equity and debt research
Operations
Besides Canada, World Markets has offices worldwide:
- US
- Asia
- Europe
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.
See also
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