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CIBC Global Asset Management Names Chief Investment Officer
Eliane Chavagnon
20 May 2013
Canada-based CIBC Global Asset Management has made two senior appointments, including a chief investment officer, to strengthen its portfolio management team.
Suzann Pennington has been appointed managing director and CIO, while
Stephen Carlin starts as a vice president and senior portfolio manager
for Canadian equities. Pennington will oversee all of CGAM’s portfolio management and
research efforts, but will remain as head of equities and continue to
manage the Canadian all-cap mandate, the firm said. Carlin has over 22 years of experience in equity investment
management and joins CIBC from Aegon Capital Management, where he was a
senior vice president and head of equities. “Asset Management has been a key growth engine for CIBC Wealth
Management and plays an important strategic role for CIBC,” the firm
said.