CIBC is a leading North American financial institution committed to creating enduring value for all our stakeholders — our clients, team, communities and shareholders. We are guided by our purpose — to help make your ambition a reality, and our focus on creating a more secure, equitable and sustainable future through our environmental, social and governance (ESG) principles.
Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, our 45,000 employees provide a full range of financial products and services to 11 million personal banking, business, public sector and institutional clients in Canada, the U.S. and around the world.
At CIBC, we are focused on building a modern, relationship-oriented bank. Through these efforts, we’re delivering superior client experience and top-tier shareholder returns while maintaining our financial strength, risk discipline and advancing our purpose-driven culture. Foundational to our progress is a consistent focus on three strategic priorities:
Further strengthening our Canadian consumer franchise
Maintaining and growing our resilient North American Commercial Banking, Wealth Management, and Capital Markets businesses
Accelerating ongoing investments in growth initiatives
Our strategic business units
Canadian Personal and Business Banking
Canadian Personal and Business Banking provides personal and business clients across Canada with financial advice, services and solutions through banking centres, digital and mobile channels to help make their ambitions a reality.
Our focus for 2022
Our objective is to deliver sustainable, market-leading performance with a focus on helping our clients achieve their ambitions. Our strategy remains centred on three key priorities:
Introduce more opportunities for our clients to deal with us digitally
Provide our team with the tools to deliver an excellent experience for our clients
Deliver personalized advice to our clients in a way that is meaningful to them
Canadian Commercial Banking and Wealth Management
Canadian Commercial Banking and Wealth Management provides high-touch, relationship-oriented banking and wealth management services to middle-market companies, entrepreneurs and high-net-worth individuals and families across Canada, as well as asset management services to institutional investors.
Our focus for 2022
Our ambition is to become the leader in financial advice to both personal and business clients. We remain focused on three key strategic priorities:
Accelerate the growth of Private Wealth to broaden and deepen client relationships
Evolve our Asset Management business to increase connectivity within our own bank channels and continue to extend our investment capabilities and fee structures to meet evolving client needs
Deliver risk-controlled growth in our Commercial Bank, while fostering strong referrals across CIBC
U.S. Commercial Banking and Wealth Management
U.S. Commercial Banking and Wealth Management provides commercial banking and private wealth services across the U.S., as well as personal and small-business banking services in four U.S. Midwestern markets and focuses on middle-market and mid-corporate companies and high-net-worth individuals and families.
Our focus for 2022
To build on our momentum across U.S. Commercial Banking and Wealth Management, we will continue to focus on helping our clients achieve their ambitions by:
Building and deepening client relationships through referral activity across all businesses, disciplined growth in Commercial Banking and greater scale in Private Wealth
Strengthen and diversify our deposit base by leveraging private banking services for commercial and wealth clients and continued growth in regional expansion markets such as Florida and Texas
Improve efficiency through data and technology to support growth, modernizing consumer and commercial digital platforms and enhancing data-driven decision making
Advance the transformation of our business through continued investment in people, infrastructure and growth initiatives
Capital Markets provides integrated global markets products and services, investment banking advisory and execution, corporate banking solutions, and top-ranked research to our clients around the world. It includes Direct Financial Services which focuses on expanding CIBC’s digitally enabled capabilities to provide a cohesive set of direct banking, direct investing and innovative multi-currency payment solutions for CIBC’s clients.
Our focus for 2022
To support our bank’s long-term objectives, Capital Markets remains focused on delivering profitable growth by deepening client relationships and collaborating with our partners across our bank to help make our clients’ ambitions a reality. We will continue to do this by:
Maintaining our focused approach to client coverage in Canada
Growing our North American platform by further expanding our U.S. reach and broadening the services offered to clients
Strengthening our connectivity, technology and innovation efforts to bring more of our bank’s offerings to our clients
Part of being a genuinely caring bank means taking care of people and organizations that keep our communities strong. Together with our team members, we’re strengthening communities through corporate donations, partnerships and the giving spirit of our employees via our One for Change employee giving and volunteering program.
As 2021 drew to a close, we readied for the launch of the CIBC Foundation, an important step in our ongoing efforts to support our communities. Created to help advance social and economic equality for underserved communities, the CIBC Foundation came into being just after year end. It builds on our bank’s charitable efforts to drive lasting change so that everyone can realize their ambitions.
In 2021, CIBC invested $132.7 million1 in community organizations across Canada and the U.S.
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