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A Canadian Imperial Bank of Commerce (CIBC) branch is seen in Toronto in this file photo.
A Canadian Imperial Bank of Commerce (CIBC) branch is seen in Toronto in this file photo.
(MARK BLINCH/REUTERS)

CIBC names CIO, BMO hires currency strategists

There are some new appointments to report at two of Canada’s largest banks, with Bank of Montreal bulking up the foreign exchange group in its capital markets business and Canadian Imperial Bank of Commerce naming new senior money managers at its investment unit.

Canadian Imperial Bank of Commerce’s Global Asset Management unit named Suzann Pennington chief investment officer, and Stephen Carlin senior portfolio manager for Canadian equities.