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Canadian Imperial Bank Of Commerce

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CIBC Asset Management announces portfolio management changes
CIBC Asset Management announces portfolio management changes

Canada NewsWire

TORONTO, May 13, 2019 /CNW/ - CIBC (TSX: CM) (NYSE: CM) – CIBC Asset Management Inc. is making changes to its lineup of U.S. equity strategies, effective on or about July 2, 2019, to further strengthen its offering for clients.

Imperial U.S. Equity Pool
CIBC Private Wealth Advisors, Inc. assumes core advisor responsibilities and joins CIBC Asset Management Inc., Rothschild & Co Asset Management US Inc., Pzena Investment Management, LLC, Morgan Stanley Investment Management Inc. and Sustainable Growth Advisers, LP, in managing the Imperial U.S. Equity Pool.

CIBC U.S. Equity Fund and Renaissance U.S. Equity Growth Fund
CIBC Private Wealth Advisors, Inc. assumes advisor responsibilities for both funds.

CIBC Private Wealth Advisors, Inc.
CIBC Private Wealth Advisors, Inc., which is part of CIBC Private Wealth Management, delivers personalized, integrated and objective wealth management solutions for affluent individuals and multi-generational families, as well as foundations and endowments. Across the U.S., our experienced professionals strive to provide the highest-quality client service with strong investment performance and a fiduciary mindset.

About CIBC

CIBC is a leading North American financial institution with 10 million personal banking, business, public sector and institutional clients. Across Personal and Small Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.

About CIBC Asset Management

CIBC Asset Management, Inc. (CAM), the asset management subsidiary of CIBC, provides a range of high-quality investment management services and solutions to retail and institutional investors. CAM's offerings include: a comprehensive platform of mutual funds, strategic managed portfolio solutions, discretionary investment management services for high-net-worth individuals, and institutional portfolio management. CAM is one of Canada's largest asset management firms, with over $130 billion in assets under management as of April 2019.

SOURCE CIBC

View original content: http://www.newswire.ca/en/releases/archive/May2019/13/c7756.html

Susan Kirwin, Public Relations, 416-980-5192 or susan.kirwin@cibc.com.Copyright CNW Group 2019

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