Atlantic Trust Expands Investment Team, Enhancing Expertise in Manager Selection

John Tennaro joins Atlantic Trust, bringing 15 years of industry experience to the firm

ATLANTA, Jan. 15, 2014 /CNW/ - Atlantic Trust announced today that John C. Tennaro has joined the firm as vice president and senior investment analyst. In this role, Tennaro is responsible for external investment manager due diligence and selection within the traditional investments team of Atlantic Trust's Multi-Manager Investment Program (MMIP). This addition marks the 37th new hire since January 2013, as Atlantic Trust continues to attract top talent to the firm.

(Photo: http://photos.prnewswire.com/prnh/20140115/TO800)

"John Tennaro further enhances the depth and expertise of our Multi-Manager Investment Team and reinforces our commitment to offering clients access to premier managers across asset classes and regions of the world," said Dave Donabedian, CFA, Atlantic Trust chief investment officer. "Our hybrid model that combines internal and external investment management is a hallmark of our firm."

Joining Atlantic Trust's Boston office, Tennaro brings more than 15 years of industry experience to the firm. Previously, he worked at Commonwealth Financial Network and New England Pension Consultants. Tennaro received a Bachelor of Arts in economics from Fairfield University and holds the Certified Investment Management Analyst (CIMA®) designation.

Atlantic Trust's MMIP oversees approximately $7.6 billion in assets across nearly 160 managers in traditional and alternative asset classes (through September 30, 2013). This team of highly-experienced investment professionals employs a rigorous, objective process to source, evaluate, select and monitor institutional-quality, external portfolio managers.

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 $24.0 billion in assets under management (as of December 31, 2013). 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 Wealth Management provides relationship-based advisory services and an extensive suite of leading investment solutions to meet the needs of personal, institutional and high-net-worth clients through an extensive distribution network, that includes CIBC Private Wealth Management, CIBC Wood Gundy and CIBC Investor's Edge. Our asset management, retail brokerage and private wealth management businesses combine to create an integrated offer, delivered through nearly 1,500 advisors across Canada. In addition, CIBC Asset Management provides global money manager services to institutional and high-net-worth clients and industry-leading retail investment solutions through our two mutual fund families—CIBC and Renaissance—and the CIBC family of managed portfolio solutions.

SOURCE: Canadian Imperial Bank of Commerce

CIBC Investor inquiries: Geoffrey Weiss, [phone]; Media inquiries: Kevin Dove, [phone], Carolyn Donnelly, [phone].