CIBC's Wealth Management Group named "Best Wealth Management Provider - Canada - 2014" by World Finance Banking Awards

Recognized for its client centric approach, strong research teams and innovative investment solutions

TORONTO, Dec. 2, 2014 /CNW/ - CIBC (TSX: CM) (NYSE: CM) has been named Best Wealth Management Provider in Canada for 2014 by World Finance, a U.K.-based leading financial magazine. 

"We're honoured to be acknowledged as Canada's best wealth management provider," said Steve Geist, Group Head, CIBC Wealth Management. "This award recognizes the strength of our business and commitment to providing leading solutions, a team-based approach, and personalized advice and service to support our clients in achieving their financial goals."

In naming CIBC the top wealth management firm in Canada, World Finance cited the bank's:

• High calibre advisors and relationship managers to support clients
• Leading managed architecture approach which delivers a strong client-centric offering coupled with robust risk management dynamics
• Strong research teams and best-in-class investment managers
• Proactive understanding of the needs and challenges facing high-net-worth individuals

"CIBC offers clients a strong value proposition, combined with leading research capabilities and innovative investment solutions," said Bryan Charles, World Finance Vice President of Banking Awards. "Along with a highly skilled and professional group of advisors and relationship managers to support clients' needs, CIBC has become the leading firm in Canada for all wealth management matters."

CIBC's Canadian Wealth Management Group is comprised of:

CIBC Wood Gundy: Offers a complete array of financial products and services to clients through a network of over 1,000 Investment Advisors in more than 80 branches across Canada.

CIBC Private Wealth Management: Serves the unique needs of high-net-worth clients by integrating private banking, investment management, estate and financial planning, business transition and trust solutions.

CIBC Investor's Edge: Provides self-directed clients online, mobile and telephone access to a wide range of accounts and investments, including stocks, fixed income instruments, options, GICs and mutual funds.

CIBC Asset Management: Provides a range of high-quality investment management services and solutions to individual and institutional investors.

The World Finance Banking Awards recognizes sector-leading expertise for the banking industry globally. The selection panel uses a wide range of quantitative and qualitative criteria to select the award winners.

About CIBC

CIBC is a leading Canadian-based global financial institution with nearly 11 million personal banking and business clients. Through our three major business units - Retail and Business Banking, Wealth Management and Wholesale Banking - CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada with offices in the United States and around the world. You can find other news releases and information about CIBC in our Media Centre on our corporate website at www.cibc.com.

SOURCE: Canadian Imperial Bank of Commerce

Caroline Van Hasselt, Director, External Communications, 416-784-6699 or  [email protected]