CIBC World Markets Broadens Consumer and Business Services Equity Research Coverage; Seven Top Experts Join Equity Research Team.Business Editors NEW YORK--(BUSINESS WIRE)--April 8, 2002 CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities. , Corp., the U.S. investment-banking subsidiary of the Canadian Imperial Bank of Commerce The Canadian Imperial Bank of Commerce TSX: CM NYSE: CM, better known to most customers as CIBC, is one of Canada's major banks. CIBC is classified as a Domestic Chartered Bank (Schedule I). (NYSE NYSE See: New York Stock Exchange : BCM BCM Baylor College of Medicine BCM Become BCM Business Communications Manager (Nortel) BCM Broadcom Corporation BCM Business Continuity Management BCM Business Contact Manager (Microsoft) ), today announced the expansion of its Consumer and Business Services equity research team, with the addition of seven highly qualified equity research professionals. The appointments are the latest moves in CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company World Markets' ongoing expansion of its Consumer and Business Services operation, both in investment banking and equity research. In February, CIBC World Markets announced several significant additions to its Consumer and Business Services Investment Banking Group, including the appointment of Managing Director Mark Goodman Mark Goodman (born October 11) is a radio DJ, TV personality, and actor. He is best known as one of the original five VJs on MTV, the first and most popular music television channel in the United States, in 1981. and six colleagues from Deutsche Banc Alex. Brown's consumer and business services group. The expansion of CIBC World Markets' Consumer and Business Services investment banking and equity research services reflects CIBC World Markets' ongoing corporate strategy to provide comprehensive investment banking services to premier-growth companies in a wide range of sectors. "The addition of these seven highly regarded consumer and business services equity research experts demonstrates CIBC World Markets' resolve to provide the finest research in this sector," said John Parks, co-head of Equity Research. "By hiring skilled research veterans with proven track records and enthusiasm for a range of industries in the consumer and business services sector, CIBC World Markets stands ready to provide the most in-depth research in this growing sector," added Chris Kotowski, co-head of Equity Research. John S. Glass, an Executive Director, and Jeffrey D. Farmer, a Research Associate, will cover the restaurant industry. They join CIBC World Markets from Deutsche Banc Alex. Brown's consumer and business services group, where they covered such major companies as Krispy Kreme Krispy Kreme is a chain of doughnut stores. Its parent company is Krispy Kreme Doughnuts, Inc. (NYSE: KKD), based in Winston-Salem, North Carolina, United States. Doughnuts, McDonalds Corp., Starbucks Corp. and Wendy's International Wendy's International, Inc. NYSE: WEN is the parent company of Wendy's Old Fashioned Hamburgers. It also owns 70 percent of Cafe Express and 25 percent (fully diluted) of Pasta Pomodoro. The Tim Hortons chain was spun off by Wendy's into a separate company in September 2006. . David B. Doft, Executive Director, and Ashley M. Ammon, Research Associate, will cover the advertising and marketing services sector. Ranked among the top analysts in the 2000 and 2001 Institutional Investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. poll, Doft was also named to the 2000 Wall Street Journal Analysts All-Star team. Doft and Ammon join CIBC World Markets from ABN Amro Securities, where they covered the advertising and marketing services industry. Joining CIBC World Markets from Merrill Lynch & Co., where they covered business services, are: Executive Director Thatcher Thatch·er , Margaret Hilda. Baroness. Born 1925. British Conservative politician who served as prime minister (1979-1990). Her administration was marked by anti-inflationary measures, a brief war in the Falkland Islands (1982), and the passage of a Thompson, Director Chandy C. Smith and Research Associate Lawrence H. Lee. Headed by Thatcher, who was recently named a member of Institutional Investors' All-Star team, the unit will provide research coverage on rapidly growing companies across the business services space. "These appointments are the latest evidence of our commitment to hire the highest-caliber professionals for our U.S. Equities operation," said Brian Shaw, head of Global Equities for CIBC World Markets. Last month, CIBC World Markets hired Bruce Turner as the Head of U.S. Equities Trading, to be responsible for all day-to-day U.S. equity trading floor activity. CIBC World Markets, the investment and merchant banking operation of CIBC, offers a full range of integrated credit and capital markets products, securities, and brokerage and asset management services to corporate, government and institutional clients. CIBC in your community: CIBC World Markets annually donates millions of dollars to children's charities through its December Miracle Day event. Since its beginning in 1984, Miracle Day has raised and distributed over $60 million to more than 1,000 charities dedicated to answering children's needs throughout the world. To learn more about Miracle Day and how CIBC World Markets makes a difference in children's lives, go to www.cibcwm.com |
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