Canadian bank CIBC has strengthened its fixed-income, currencies and distribution FICD team in Asia and relocated the base for the team to Hong Kong from Singapore. The move was effective yesterday. CIBC has also enhanced distribution focus in Tokyo.
The decision follows a review of opportunities to strengthen client relationships and grow the FICD business in Asia, said CIBC in a written statement. The Canadian bank added that locating the new trading and sales office in Hong Kong positions the bank well to win new business in Greater China and North Asia, while continuing to service its clients across the region.
CIBC has also added strength to the team, hiring...
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