Culham takes key role at CIBC World Markets

Culham starts at the Canadian dealer on May 6. He will report to Richard Nesbitt, chief executive of World Markets in Toronto, and be part of World Markets' management committee.

In his new role, Culham will develop and implement the strategic direction of FIC, and will be responsible for trading and sales of debt products, interest rate derivatives and foreign exchange, the bank said.

Culham left Merrill Lynch earlier last month when the bank took the decision to place the foreign exchange