CIBC has the right strategy to drive
continued success, and the right team
in place to build a strong, innovative,
As strategic advisors to management, your Board continued to prudently balance growth opportunities – such as the proposed acquisition of PrivateBancorp, Inc. – with risk discipline and shareholder value creation. We have worked closely with CIBC’s President and CEO, Victor Dodig, and the senior management team to build momentum for our bank’s transformation by focusing on three integrated bank-wide priorities: client focus, innovation and simplification.
Your Board recognizes the progress made over the past year across these priorities, including building stronger and deeper relationships with clients, as the team strives toward our goal of being #1 in client experience. Progress has also been made on the innovation and simplification front, as we delivered new technologies that improved the banking experience for clients and simplified processes making it easier to do business with us.