Canadian Imperial Bank of Commerce is planning its second executive shuffle in six months as longtime domestic banking chief Jon Hountalas prepares to take a new role as vice chair.
Richard Fogler, managing director of Kingwest & Company, joins BNN Bloomberg and talks about his take on the markets.
The moves are part of CIBC’s routine talent-management process, said Dodig, who has led the company for a decade — considered a typical tenure for Canadian bank CEOs. Panossian was CIBC’s chief financial officer until becoming group head of personal and business banking earlier this year and, until now, has reported to Hountalas in that role.
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