The securities arm of Canadian Imperial Bank of Commerce CM-T continues to retool, adding people in Toronto, New York and Hong Kong.
The bank announced seven hires internally in the past two days, adding to teams focused on generating stock sales, foreign exchange trading and debt business.
In Toronto, the bank hired Sandro Morassutti from Brookfield Asset Management as an executive director in equity capital markets, where he will focus on finding companies that want to issue stock.
In Hong Kong, the bank hired Kenny Chan as a director who will focus on foreign exchange sales and trading, as well as structured products. He comes from Standard Chartered Bank in Hong Kong.
The hires on the U.S. mostly focus on the debt side of the business.
In New York, the firm hired Rob Mustard away from Scotia Capital, a big lender in the U.S., to head the group that provides corporate credit products in the U.S.
Blair Bajraktari, also formerly of Scotia Capital, will be a managing director and head of equity derivatives sales in New York.
David Duong, who was last in research with Jefferies & Co., joins to become a high yield analyst. Charles Trunz, another former Scotia employee, is joining CIBC and will focus on selling high yield bonds to clients.
Peter O'Grady, lately of Barclays Capital, comes to CIBC to do investment-grade bond sales.
