CIBC Oppenheimer

CIBC World Markets

Type	Subsidiary
Industry	Investment bank
Predecessor	Wood Gundy The Argosy Group Oppenheimer Holdings
Founded	1988 (acquisition of Wood Gundy)
Headquarters	Toronto, Ontario, Canada
Key people	Richard Nesbitt, CEO of World Markets
Products	Mergers and acquisitions, Capital markets, Financial services
Revenue	C$2.90 billion (2016)
Net income	C$1.08 billion (2016)
Total assets	C$162.8 billion (2016)
Number of employees	1,100
Parent	Canadian Imperial Bank of Commerce
Website	www.cibcwm.com

CIBC World Markets is the investment banking subsidiary of the Canadian Imperial Bank of Commerce. The firm operates as an investment bank both in the domestic and international equity and debt capital markets. The bank provides a variety of financial services including credit and capital market products, mergers and acquisitions, merchant banking and other investment banking advisory services.

Established via a series of acquisitions, including Canadian brokerage Wood, Gundy & Co. and U.S.-based Oppenheimer & Co. CIBC World Markets has been a leading investment bank in Canada with a notable presence in various international markets at times over the years.

CIBC World Markets is headquartered in Toronto with offices in Calgary, Montreal, Vancouver, Ottawa, New York City, Atlanta, Boston, Chicago, Houston, Salt Lake City, Beijing, Dublin, Hong Kong, London, Shanghai, Singapore, Sydney and Tokyo.

CIBC purchased a majority stake in Wood, Gundy & Co. in June 1988 for C$203 million. Wood Gundy was established in Toronto in 1905 by George Herbert Wood and James Henry Gundy. At the time of its acquisition, Wood Gundy was the leading Canadian investment dealer. Following the acquisition, the CIBC formed CIBC Wood Gundy, which offered primarily asset management services for corporate and institutional clients. Two years later, in 1990, they continued to expand the Canadian securities business by acquiring much of Merrill Lynch & Company's Canadian business.