CIBC Puts Grand Expansion Plans In Motion Cornford To Hire 40 New Traders In London


In the three and a half months since he was hired away from Chemical Bank to head Canadian Imperial Bank of Commerce's (CIBC) European treasury operation (FX Week, October 12), Michael Cornford has certainly shaken things up. Aiming to completely rebuild CIBC's foreign exchange presence in London, Cornford first laid off eight of the bank's 20 traders and now intends to hire about 40 new ones over the course of 1991.

"We feel that the bank is now more a North American than a strictly Canadian

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: