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CIBC Asset Management Announces Portfolio Manager Change

TORONTO, Oct. 1 /CNW/ - CIBC Asset Management announced today a portfolio manager change, continuing its commitment to offering superior investment management expertise to investors.

Connor, Clark & Lunn Investment Management Ltd. (Connor, Clark & Lunn) has been appointed to act as portfolio sub-advisor for the small-cap component of the Imperial Canadian Equity Pool, effective November 2, 2009.

"CIBC Asset Management is focused on partnering with portfolio managers that deliver strong returns and manage risk for our clients," said Steve Geist, President of CIBC Asset Management. "We are pleased to expand Connor, Clark & Lunn's presence on our Imperial Pools platform and are confident that their proven investment expertise in Canadian equity markets will enhance the long-term performance potential for our clients."

Established in 1982, Connor, Clark & Lunn is one of Canada's largest independent partner-owned money management firms. With offices in Vancouver and Toronto, it offers a diverse array of investment services to pension fund sponsors, corporations, mutual funds and high net worth individual investors.

Connor, Clark & Lunn follows a disciplined approach to portfolio management based on rigorous financial, economic and fundamental company analysis, incorporating leading-edge proprietary risk management tools. The cornerstone of Connor, Clark & Lunn's philosophy is capital enhancement through maximizing long-term performance using a consistent and systematic investment process. Their disciplined approach has historically resulted in consistent outperformance relative to their benchmark, with lower volatility.

CIBC Asset Management is the asset management division of CIBC. CIBC Asset Management is responsible for the CIBC and Renaissance Investments families of mutual funds, Frontiers Pools, the CIBC family of managed portfolio solutions - Axiom Portfolios, CIBC Managed Portfolio Services and CIBC Personal Portfolio Services - and CIBC's leading separately managed account program, CIBC Wood Gundy Investment Consulting Service. CIBC Asset Management manages more than $50 billion in assets.

For further information: Media contact: Doug Maybee, Director, Media Relations, at (416) 980-7458