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Investing.com -- Canadian Imperial Bank of Commerce has hired Mark Mulroney from Bank of Nova Scotia to serve as global vice chair in the office of its incoming CEO.
Mulroney, who is the son of former Canadian Prime Minister Brian Mulroney who died last year, will start his new role at CIBC on November 17, according to Bloomberg, citing an internal announcement sent Wednesday.
At Scotiabank , Mulroney served as vice chair in the global banking and markets division. In his new position, he will work directly with Harry Culham, who became CIBC’s chief operating officer in April and is set to succeed Victor Dodig as CEO on November 1.
Culham stated in the memo that Mulroney will "help bring a highly connected CIBC enterprise to some of our bank’s largest and most important clients."
This appointment follows an executive reorganization at CIBC earlier this week as Culham prepares to take over leadership and builds his management team.
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