| Canadian Imperial Bank of Commerce (CIBC) is a global financial institution. CIBC serves its clients through three strategic business units (SBUs): Retail and Business Banking, Wealth Management, and Wholesale Banking. CIBC Retail Markets comprising the remaining businesses was renamed Retail and Business Banking. Retail and Business Banking provides financial products, advice and services through nearly 1,100 branches, as well as automated banking machines (ABMs), mobile sales forces, telephone banking, online and mobile banking. Wealth Management comprises asset management, retail brokerage and private wealth management businesses. Wholesale Banking provides credit, capital markets, investment banking, merchant banking and research products and services. CIBC's three operating groups are supported by six functional groups. On August 31, 2011, CIBC acquired 41% of American Century Investments (ACI). In September 2012, it acquired Griffis & Small, LLC. |
