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CIBC’s head offices at the corner of King Street West and Bay Street in Toronto.
CIBC’s head offices at the corner of King Street West and Bay Street in Toronto.
(Fred Lum/Fred Lum/The Globe and Mail)

CIBC’s ambitious plan to win in wealth management

This much we know: Canadian Imperial Bank of Commerce is desperately trying to double down on wealth management, with executives going so far as to say they want 15 per cent of the bank’s bottom line to stem from this business.

What we haven’t heard are precise details on their plans to do so. Management has outlined broad strategies – focusing on the U.S., for instance – but there hasn’t been complete clarity.