Two CIBC leaders recognized for leadership in payments innovation

Women in Payments names Jenny Fagg a Distinguished Payments Professional and recognizes Gayle Murdoch as a Rising Star in Canada's fast-growing payments industry

TORONTO, Sept. 16, 2015 /CNW/ - CIBC (CM: TSX) (CM: NYSE) is pleased to announce that two of its leaders in payments innovation have been named recipients of the prestigious 2015 Women in Payments Awards:

• Jenny Fagg, Executive Vice-President, Products & Payments - Distinguished Payments Professional Award
• Gayle Murdoch, Senior Director, Payments New Business Development - Rising Star Award

"Leading in payments is important to our clients and our bank, and having strong leaders is essential to driving innovation in a market where client needs and expectations are changing rapidly," says David Williamson, Senior Executive Vice President and Group Head, Retail and Business Banking, CIBC. "We are proud to have accomplished leaders like Jenny and innovators like Gayle on our team to meet the future needs of our clients and drive CIBC's leadership in innovation."

• Jenny Fagg is a respected leader in the payments industry. With more than 25 years of experience in financial services, she has worked in Canada, Australia and New Zealand.
• Gayle Murdoch is a client-focused leader who has led the development of payments innovations in partnership with leading Canadian brands such as Tim Hortons and TELUS.

In addition, Brenda Clark, CIBC's Vice President of Payments Innovation and Integration, is a previous Women in Payments Award winner, receiving the Innovation Award in 2013.

"The world of payments is an important and evolving industry and many women are at the helm of its advancement," says Women in Payments founder, Kristy Duncan. "The Women in Payments Awards were created to recognize and celebrate women who are true innovators and leaders in the payments industry."

About Women in Payments™
With symposiums in Canada, the USA and Australia, Women in Payments offers career development, payment systems education, and community building for women working across the payments industry. Symposiums include keynote presentations, executive panel discussions, and breakout sessions addressing topics about trends and innovation in retail and business payments, as well as leadership issues specific to the payments market. For more information, including sponsorship opportunities, visit womeninpayments.org.

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 CIBC

Image with caption: "CIBC congratulates all of the recipients of the 2015 Women in Payments Awards including our own Gayle Murdoch, Senior Director, New Business Development, recognized with the 2015 Women in Payments Rising Star Award and Jenny Fagg, Executive Vice-President, Products & Payments, honoured with the 2015 Women in Payments Distinguished Payments Professional Award. (CNW Group/CIBC)". Image available at: http://photos.newswire.ca/images/download/20150916_C9762_PHOTO_EN_44206.jpg

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

Women in Payments™
Kristy Duncan
416-995-5691
[email protected]