Victor Dodig of CIBC is part of this year's Wealth Professional Canada's Host List.
CIBC
In its most recent earnings report, CIBC posted a net income of $1.2 billion, which represented a year-over-year climb of 43.4%. That growth was the highest of any of the big banks, and now the institution is thinking expansion. In particular, CIBC has set its sights on expanding its US footprint – after upping its cash position, the bank’s US$4.9 billion deal for Chicago-based commercial bank PrivateBancorp was finally accepted in May. The takeover represents a real coup for CEO Victor Dodig, who believes PrivateBancorp will thrive under the CIBC banner.
In its most recent earnings report, CIBC posted a net income of $1.2 billion, which represented a year-over-year climb of 43.4%. That growth was the highest of any of the big banks, and now the institution is thinking expansion. In particular, CIBC has set its sights on expanding its US footprint – after upping its cash position, the bank’s US$4.9 billion deal for Chicago-based commercial bank PrivateBancorp was finally accepted in May. The takeover represents a real coup for CEO Victor Dodig, who believes PrivateBancorp will thrive under the CIBC banner.
