TORONTO – Canadian Imperial Financial institution of Commerce is shuffling its management deck in a collection of strikes efficient at this time that features appointing Ed Dodig, CEO Victor Dodig’s brother, to go retail funding agency CIBC Wooden Gundy.
In inner memos supplied to The Canadian Press, the financial institution says the adjustments are being made to sharpen shopper focus and develop management capabilities.
Ed Dodig is to exchange Peter Lee, who will turn into government vice-president of banking centres, main private and small enterprise banking operations within the retail financial institution.
Former banking centres chief Stephen Forbes turns into government vice-president of goal, model and advertising.
CIBC says Ed Dodig has had an integral function within the progress of its world markets enterprise, most not too long ago main its fairness markets staff, a job that may fall to Anton Erdody on an interim foundation.
A complete of eight government strikes have been introduced internally final week.