CIBC appoints former federal minister as vice-chair

Bank says high profile ex-politician will bring leadership qualities to Global Investment Banking unit

CIBC appoints former federal minister as vice-chair

Lisa Raitt has been named the new vice-chair, Global Investment Banking at CIBC.

The former Natural Resources, Labour, and Transport minister under Conservative Prime Minister Stephen Harper will take her new position at the bank on January 27. Her focus will be on developing senior client level relationships and business development globally out of CIBC’s Toronto offices.

"Lisa's experience leading key government portfolios coupled with her proven leadership capabilities in the private sector will offer unique value to our clients," said Roman Dubczak, managing director and head of Global Investment Banking at CIBC.

"In a complex global economy, Lisa's insights and perspective in major sectors including energy and infrastructure will help our clients build their businesses."

Raitt worked as a lawyer before entering federal politics in 2008. In addition to her ministerial roles under Harper, she served as deputy leader of the Official Opposition and Finance Critic. She was arguably the highest-profile Tory to lose her seat in the 2019 federal election, losing to former Olympic Kayaker turned Liberal MP Adam van Koeverden.