CIBC (TSX:CM) Tuesday announced three changes to its senior management team.
Richard Nesbitt has been named chief operating officer, effective immediately. His organizational responsibilities remain unchanged. He will continue to report to the bank’s president and CEO, Gerry McCaughey.
Nesbitt previously held the title of senior executive vice president and group head, wholesale, international, and technology and operations.
In his new role, Nesbitt will maintain his current responsibilities for the operations of wholesale banking, technology and operations, strategy and corporate development, CIBC’s international operations and treasury.
Nesbitt joined CIBC in 2008 following more than 20 years of experience in the securities industry.
The bank also announced that Tom Woods will assume the role of vice chairman, while Laura Dottori-Attanasio will take over from him as chief risk officer. The two appointment take effect July 1. Both senior officers will report to McCaughey.
Woods will be responsible for chairing the bank’s Asset Liability Committee; acting as lead liaison with the bank’s regulators; and being an active member of the bank’s business strategy group.
In addition, Woods will participate as a CIBC-designated director in the bank’s strategic investments and partnerships and will also be responsible for generating new and enhancing existing CIBC-wide client relationships.
Woods has been at CIBC since 1977, most recently as chief risk officer and previously as chief financial officer.
Dottori-Attanasio will be responsible for leading and overseeing the bank’s risk function and chairing the bank’s Capital and Risk Committee.
She was most recently global head of corporate credit products where she was responsible for all credit activities at CIBC’s wholesale bank.
Dottori-Attanasio has over 20 years of experience in the finance sector. Before joining CIBC, she was with one National Bank of Canada where she held a number of senior executive positions.