CIBC Asset Management

Office address: Brookfield Place, 161 Bay Street, 22nd floor, Toronto, Ontario M5J 2S1
Year established: 1972
Company type: Wealth management services provider, banking services provider, investment firm
Employees: 50,000
Expertise: banking and finance
Parent company: CIBC
CEO and key people: David Scandiffio, CFA, President and CEO
Financing Status: corporation

CIBC Asset Management is one of the largest asset managers in Canada with a decades-long heritage in wealth management, investment, and financial services. Its parent company, CIBC, has over $290 billion in assets under management as of 2022.

The company has a broad spectrum of clients, from new investors to more finance-savvy experts. 

The firm also works closely with First Nations, Metis, and Inuit communities to offer financial advice and customized products to promote their wellness and prosperity. CIBC Asset Management has a team specifically for this purpose: the Indigenous Markets Team. They offer the wealth of products that CIBC Asset Management is known for, customizing these to meet the needs of clients in Indigenous communities.

History of CIBC Asset Management

CIBC Asset Management was founded in 1973 as a division of the Canadian Imperial Bank of Commerce (CIBC). Today, the company is one of the largest asset managers in Canada. Throughout its history, CIBC Asset Management has served over 1.9 million clients around the world.

Products and Services of CIBC Asset Management

CIBC Asset Management offers a wide range of investment solutions, including:

  • equities
  • fixed income
  • currency management
  • liability-driven investing
  • asset allocation
  • responsible investment

Culture at CIBC Asset Management

CIBC Asset Management places a high value on research. The company is committed to delivering high-quality investment research with the end goal of delivering the best outcomes for its clients.

Lasting relationships with clients are what sustains CIBC Asset Management. Delivering customized solutions is always a top priority. In fact, their vision statement declares their goal to be “the leader in client relationships.”

The company also keeps ESG principles in mind when making investment decisions. CIBC Asset Management’s parent company, CIBC, placed 6th in North America for renewable energy investments.

CIBC Asset Management is likewise proud of its DEI initiatives. According to its 2022 Annual Report, 38% of their leaders are women while 24% of their executives are people of color.

About CIBC Asset Management President and CEO David Scandiffio

David Scandiffio joined CIBC Asset Management as President and CEO in 2015. Scandiffio is a strong advocate for responsible investment and has helped make CIBC Asset Management a leader in this field.

Mr. Scandiffio has a 20-year career in wealth management and investments. He is a graduate of the University of Toronto and holds a Bachelor of Science in Actuarial Science and Economics. He is also a CFA charter holder.

One year after joining CIBC Asset Management, Mr. Scandiffio became part of Wealth Professional’s Hot List.

Future at CIBC Asset Management

CIBC Asset Management is a leading asset manager with a strong track record of success. The company offers a wide range of investment solutions to institutional investors and is committed to providing excellent service. CIBC Asset Management is well-positioned for future growth and success.

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