Richard Nesbitt talks about CIBC and Asia

Richard Nesbitt, head of CIBC's investment and corporate bank, discusses the wholesale bank's strategy globally and in Asia, the Volcker Rule and why CIBC has its Hong Kong office in the Cheung Kong Centre.
Richard Nesbitt
Richard Nesbitt

We talk to Richard Nesbitt, chairman and chief executive officer of CIBC World Markets, who is responsible for investment and corporate banking, capital markets, the merchant bank and the real estate finance businesses of the Canadian Imperial Bank of Commerce.

You returned to CIBC for a second stint in 2008 after running the Toronto Stock Exchange TSX for five years. What prompted this move
In 2008, in the wake of the credit crisis, CIBC decided to make some management changes and approached me to run the wholesale bank. We had just finished a takeover of the Montreal Exchange, which was the final step in the consolidation of the Canadian stock exchanges. I’d enjoyed my...

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