Mihelic famous Culham’s power in capital markets however identified his comparatively restricted expertise in private business banking and wealth administration.
Dodig described Culham as a “confirmed chief” with the expertise and consistency to information CIBC ahead. “We now have reworked CIBC into a contemporary, relationship-oriented financial institution with clear momentum and powerful efficiency,” he stated.
Dodig described his tenure as an honour. “I’m very pleased with all that we’ve got completed collectively and imagine the time is correct handy the baton to Harry,” he stated in an announcement.
“The time is correct to move the baton to [Culham]… we’ve got a deep management bench, a extremely related tradition and diversified platform, which, mixed with [Culham]’s management, place our financial institution for continued success.”
Analysts referred to CIBC as a “modified financial institution” below Dodig’s management.
