Canadian Imperial Bank of Commerce (CIBC) has boosted its equity prime brokerage business, The Wall Street Journal reports. The Canadian lender has appointed Darren Snelgrove, Andrew Dac Bang and Mark MacIsaac for its Toronto-based unit.
Snelgrove, who joins from MF Global Canada, will focus on developing new financing solutions, while MacIsaac joins from HSBC. Dac Bang, who was formerly at National Bank Financial, will focus on sourcing hard-to-borrow securities.
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