Summer 2025
Posted on 5/14/2025
Full-service banking, wealth management, capital markets
No salary listed
Toronto, ON, Canada
In Person
Bachelor's
| , |
See people who can refer or advise you
CIBC is a diversified bank serving individuals, businesses, and institutional investors through four units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It offers deposits, loans, credit cards, mortgages, investment management, and advisory services, generating revenue from interest, fees, and trading; services are delivered via branches and digital channels for a smooth client experience. Unlike some peers, CIBC emphasizes a client-centric approach, a broad product range, and a cross-border footprint in Canada and the United States, supported by ongoing digital transformation. Its goal is to serve about 13 million clients in North America with integrated financial services and continuously improve customer experience through digital tools.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
null
Founded
N/A
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Flexible Work Hours
Remote Work Options
Paid Vacation
Employee Stock Purchase Plan
Defined Benefit Pension Plan
Wellbeing Support
Employee and Family Assistance Programs
MomentMakers
Purpose Day
CIBC reported third quarter 2026 results with net income of C$2.41 billion, up from C$2.10 billion a year earlier. Revenue reached C$8.37 billion, compared with C$7.25 billion in the prior-year quarter. The bank's adjusted net income was C$2.65 billion, reflecting charges of C$269 million related to the announced sale of CIBC Caribbean Bank Limited. The Common Equity Tier 1 ratio stood at 13.4%. Canadian Personal and Business Banking net income rose 17% year-over-year to C$948 million, driven by higher revenue and improved net interest margin. Capital Markets net income increased 34% to C$722 million, benefiting from higher equity trading revenue. Provision for credit losses totalled C$564 million, up C$5 million from the same quarter last year. The bank's return on equity improved compared to the prior year. CIBC highlighted investments in artificial intelligence, including launching CAI 2.0 and CIBC AdvisorAssist.
CIBC leases 1.21 lakh sq ft in Hyderabad for GCC as BFSI office demand accelerates. Canadian banking major CIBC has leased 120,708 sq ft at Hyderabad's Meenakshi Eco Park for its GCC, committing ₹180 crore over five years. The deal highlights strong BFSI GCC expansion in Hyderabad and growing preference for managed office solutions. The city is also witnessing rapid growth in large-format office transactions. Canadian Imperial Bank of Commerce (CIBC) has leased 120,708 sq ft of office space in Hyderabad for its global capability centre, committing to a total rental outlay of around ₹180 crore over five years. According to transaction documents accessed by Propstack, the banking major will pay ₹225 per sq ft per month for the chargeable area. The space is located on the fourth and sixth floors of Tower 1 at Meenakshi Eco Park, a prominent office development that also houses companies including Uber, Invesco and Synechron. The lease includes a security deposit of ₹16.30 crore, and rentals will increase by 5% annually over the five-year term. The transaction adds to a growing list of financial services companies expanding their operations in the GCC in Hyderabad. BFSI firms drive demand. Hyderabad has emerged as an important hub for financial services GCCs, attracting major global institutions such as JPMorgan Chase, Goldman Sachs and Deutsche Börse. A joint report by Nasscom and Zinnov found that 55% of top financial services companies that established GCCs in India chose Hyderabad. The latest CIBC transaction could encourage more BFSI companies to consider the city for technology, operations, and support functions. Propstack co-founder Raja Seetharaman said the transaction "reinforces the relentless momentum of BFSI GCCs expanding in tier-1 tech corridors." He also pointed to the growing preference for managed office solutions. "More notably, opting for enterprise-managed office space over traditional capex-heavy leases highlights how global giants are prioritising plug-and-play operational ease without sacrificing custom, institutional-grade scale," Seetharaman said. This shift is significant for the flexible workspace sector, as large enterprises increasingly seek ready-to-use offices without assuming the full capital burden of building and operating their own facilities. Hyderabad gains momentum in large office leasing. CIBC's deal comes amid strong momentum in Hyderabad's commercial office market. According to CBRE India, office absorption across India reached a record quarterly level of approximately 24.6 million sq ft in Q2 2026. Bengaluru, Hyderabad, and Pune together accounted for 68% of large-format office transactions across the top eight Tier-1 markets during the quarter. Hyderabad has also seen particularly strong growth in transactions involving large occupiers. Knight Frank reported that leasing of spaces larger than 100,000 sq ft increased 63% year-on-year, from 3 million sq ft in H1 2025 to 4.9 million sq ft in H1 2026. Managed workspaces gain enterprise traction. The CIBC lease follows several major office transactions in Hyderabad. Tablespace recently leased more than 500,000 sq ft for ₹163 crore, while Smartworks renewed a lease covering approximately 230,000 sq ft in Madhapur for ₹121 crore. Together, these transactions underline the depth of demand for both conventional and managed office space in the city. For flexible workspace operators, the growing preference among GCCs for scalable, plug-and-play infrastructure could create a significant opportunity. As global companies expand their operations in India, managed workspaces can offer faster deployment, flexibility, and institutional-grade facilities without requiring heavy upfront investment. Hyderabad's combination of technology talent, established GCC infrastructure and growing large-format leasing activity is likely to keep the city firmly on the radar of global occupiers and office space providers.
A Barclays trading head in New York left for a Canadian bank. 11 minutes ago BMO Capital Markets has been hiring all year. It was hiring M&A people at one point this summer. Its newest big hire, however, is in equities sales & trading. Bill Bors is joining BMO Capital Markets in New York. He is joining the Canadian bank from Barclays, where he spent just five years, the last three as the firm's head of New York cash sales trading. Bors was at Credit Suisse for 32 years before joining Barclays. In a social media post at the time of his departure, when the bank was dealing with the fallout of the Archegos scandal, Bors said that he believes that the firm "always conducted our business in a way we should feel good about." BMO has been on a bit of a hiring spree for equities people this year. In June, The Trade reported that the firm had picked up Christopher Limentani, former head of trading for Devon Equity Management. And in March, Bloomberg reported that Joe Kostandoff, ex-head of equity solutions for the Canadian Imperial Bank of Commerce, had joined BMO. Have a confidential story, tip, or comment you'd like to share? Contact: +44 7537 182250 (SMS, WhatsApp or voicemail). Telegram: @SarahButcher. Signal: sarahbutcher.22 Click here to fill in our anonymous form, or email [email protected]. Bear with us if you leave a comment at the bottom of this article: comments are moderated intermittently by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. You must take sole responsibility for comments you post on this site. We will take reasonable steps to weed out anything that we consider to be offensive or inappropriate. The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits. Boost your career. Find thousands of job opportunities by signing up to eFinancialCareers today. Top Articles
CIBC has appointed Prasanna Gopalakrishnan to its Board of Directors, effective 1 September 2026. Gopalakrishnan brings over 30 years of experience in technology, data, cyber security, and artificial intelligence across banking, wealth management, and consumer businesses. She most recently served as Global Chief Product and AI Officer at ADP. Previously, she was Group Chief Technology Officer at Sky in London and Chief Information Officer of the Retail Bank at Bank of America, following senior technology leadership roles at Fidelity Investments. "Her knowledge, perspectives and leadership will be an asset as our Board oversees the execution of CIBC's client-focused strategy, particularly as technology, data and AI play a key role in delivering value for stakeholders," said Kate Stevenson, CIBC's Board Chair.
CIBC appoints Mark Mulroney as head of office of the CEO Published Yesterday Updated 5 hours ago