CIBC World Markets Names Eli Shani Investment Banking Representative in Israel; Says Hiring Shows Its Commitment to the Region.Business Editors NEW YORK--(BUSINESS WIRE)--July 5, 2001 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. said today that Eli Shani has been hired as investment banking representative in Israel. CIBC World Markets is the investment banking arm 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) ). Shani, 36, brings a wide range of investment banking experience to CIBC World Markets, most recently as a vice president in the mergers and acquisitions group at Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. and prior to that with Donaldson, Lufkin & Jenrette. He will report to Marshall Heinberg, Managing Director and Head of U.S. Technology and Telecom Investment Banking for CIBC World Markets. "CIBC World Markets has a long-standing commitment to Israel and the addition of Eli is another indication that that commitment will continue," said Heinberg. "His expertise and experience are ideal for our efforts there." The hiring of Shani is 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' second significant announcement related to Israel within the past three months. In early May CIBC World Markets said it had acquired E. Shalev Ltd., one of the largest institutional brokerage firms in Israel. E. Shalev, which has recently changed its name to CIBC Oppenheimer Tel-Aviv Ltd., is responsible for a large segment of all Israeli equity orders placed on U.S. markets. CIBC World Markets - through Oppenheimer & Co., Inc. -- has had a full-service relationship with E. Shalev Ltd. since 1996, establishing a market leadership in Israeli stocks traded on Wall Street, and deploying substantial investment and research services in Tel Aviv and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . At Credit Suisse First Boston and Donaldson, Lufkin & Jenrette, Shani participated in a broad range of M&A assignments across numerous industries such as media, telecommunications, technology, retail and industrials. He also participated in many public and private offerings of equity and debt. A graduate of the University of Chicago School of Business, Shani also holds a law degree from Tel Aviv University Tel Aviv University (TAU, אוניברסיטת תל־אביב, את"א) is Israel's largest on-site university. , as well as a bachelor's in accounting, graduating with honors from all three programs. Prior to business school he worked for the law firm of Yigal Arnon and Co., and also served as a pilot in the Israel Air Force. One of Wall Street's most respected firms, CIBC World Markets has a tradition of world-class equity research and is consistently top-ranked in The Wall Street Journal's All-Star Analysts Survey. 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 World Markets can be found on the World Wide Web at http://www.cibcwm.com. |
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