Atlantic Trust adds three senior-level hires in Chicago and Denver offices

Firm continues to strengthen client service team with addition of new top talent

ATLANTA, June 17, 2014 /CNW/ - Atlantic Trust, the U.S. private wealth management division of CIBC (NYSE: CM) (TSX: CM), announced today the addition of David M. Butts, Michael D. Zeier and Trevor J. Hancock to the firm.

(Photo: http://photos.prnewswire.com/prnh/20140617/118776)
(Photo: http://photos.prnewswire.com/prnh/20140617/118777)
(Photo: http://photos.prnewswire.com/prnh/20140617/118778)

"The addition of David, Michael and Trevor to the team reflects Atlantic Trust's ongoing commitment to provide an outstanding level of service to our clients,"  says Jack Markwalter, Atlantic Trust chairman and CEO. "To have professionals of this caliber join our firm is indicative of our continued ability to attract top talent, while supporting the needs and goals of our clients."

"We are pleased to expand our presence in these important markets," says Atlantic Trust President Eric Propper, CFA. "Our firm's growth aligns with our commitment to enhance our client experience and supports our holistic approach to their overall financial picture."

Butts and Zeier both joined Atlantic Trust on May 13.

Butts, a managing director and senior relationship manager, brings to Atlantic Trust almost 20 years of experience advising families and endowments on broad wealth creation, preservation and investment decisions. Prior to joining the firm, he was a senior vice president and relationship manager at Brown Brothers Harriman (BBH), as well as chairman of the BBH Trust Company's trust and investment committee. Butts also has experience working with owners and executives of closely held businesses on broad financial topics, including business continuity, generation and succession planning and the transition from single-asset concentrations to disciplined portfolios as a member of LaSalle Bank's Wealth Management group.

Butts earned his Bachelor of Business Administration degree in finance from Radford University and a Master of Science in taxation from DePaul University. He is a member of the Delta Mu Delta Honor Society, is a Certified Financial Planner professional and holds the Chartered Life Underwriter^® designation. An active member of the Chicago community, Butts is a supporter of various parish commitments and organizations supporting women and the educational opportunities of Chicago's youth.

Zeier, vice president and relationship manager, is responsible for providing wealth management solutions to high-net-worth clients, including investment management, financial planning and estate planning services. He comes to the firm from Brown Brothers Harriman's Wealth Management group, where he served in a similar position. Zeier received his Bachelor of Science degree in finance from the University of Illinois before going on to earn his Master of Business Administration degree with distinction from DePaul University. He is a member of the Beta Gamma Sigma Honor Society and currently serves on a council board at Lurie Children's Hospital of Chicago.

Hancock joined Atlantic Trust on April 14 as a vice president and relationship manager, bringing more than eight years of industry experience to the firm. He is a former portfolio and market strategist at Wealth & Tax Advisory Services (WTAS), where he focused on the analysis, construction and implementation of investment portfolios for high-net-worth individuals, families, trusts and foundations.

A graduate of James Madison University, where he earned dual Bachelor of Business Administration degrees in finance and economics, Hancock also holds the Chartered Financial Analyst designation and is a member of the Chartered Financial Analyst Society of Colorado.

Atlantic Trust has hired 20+ professionals year-to-date, including 11 at the vice president level or above; seven are client relationship managers in New York, Chicago, Atlanta, Denver and Houston. The firm plans to hire more than 30 professionals in 2014.

About Atlantic Trust

Atlantic Trust is one of the nation's leading private wealth management firms, offering integrated wealth management for high-net-worth individuals, families, foundations and endowments. The firm considers clients' financial, trust, estate planning and philanthropic needs in developing customized asset allocation and investment management strategies. Experienced professionals deliver a broad range of solutions, including proprietary investment offerings and a robust open architecture platform of traditional and alternative managers. Atlantic Trust operates in 12 full-service locations throughout the U.S. with $24.4 billion in assets under management (as of April 30, 2014). For more information, visit www.atlantictrust.com.

About CIBC

CIBC is a leading Canadian-based global financial institution. Through our Retail and Business Banking, Wealth Management and Wholesale Banking businesses, CIBC provides a full range of financial products to individual, small business, commercial, corporate and institutional clients in Canada and around the world. CIBC owns a 41-percent equity interest in American Century Investments®, a major U.S. asset management company, serving financial intermediaries, institutions and individuals, and acquired Atlantic Trust, a premier U.S. private wealth management firm, in January 2014. You can find other news releases and information about CIBC in our Media Centre on our corporate website at www.cibc.com.

SOURCE: Atlantic Trust Private Wealth Management

Media inquiries: Caroline Van Hasselt, Director, CIBC External Communications and Media Relations, [phone], [email protected] or Carolyn Donnelly, Atlantic Trust Director of Marketing, [phone], [email protected].