Canadian Imperial Bank of Commerce provides banking and financial services to consumers, individuals, and corporate clients in Canada and around the world.
CIBC Chief Executive Victor Dodig said on Tuesday he is really not looking to make asset management acquisitions, a departure from comments made last year about chasing such deals in the United States.
"Can we do something that would be accretive by year three?" he said at an RBC Capital Markets conference. "To be able to do that, you can't do a big wealth acquisition, you can't do a big asset management acquisition."
Canadian Imperial Bank of Commerce provides banking and financial services to consumers, individuals, and corporate clients in Canada and around the world.