TORONTO, June 7 /CNW/ - CIBC (CM: TSX;NYSE) today announced that Larry Tomei, Senior Vice-President, CIBC Retail Markets for Central Canada, has been named one of Canada's Top 40 Under 40 for 2010.

"Larry makes a difference to his employees and his clients," said Sonia Baxendale, President, CIBC Retail Markets. "We are extremely proud of Larry's many accomplishments here at CIBC and pleased to see him included amongst a list of so many strong leaders."

Mr. Tomei has held a series of progressively senior positions at CIBC since 1994, He leads a team of more than 6,200 CIBC financial advisors and employees in nearly 470 branches.

In addition, Mr. Tomei is a strong community leader participating in a number of community initiatives including serving on the Board of the Humber River Regional Hospital Foundation.

The annual Top 40 Under 40 awards, presented by The Globe and Mail and The Caldwell Partners, recognizes the leadership, vision and achievement of Canada's young leaders.

The 12th annual Top 40 Under 40 honorees were drawn from over 1,000 nominations from across Canada and decided upon by a panel of business and community leaders. Recipients were selected based on five criteria: vision and leadership; innovation and achievement; impact; growth/development strategy; and community involvement. A complete list of award recipients is available online at the www.theglobeandmail.com.

CIBC (CM: TSX;NYSE) is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, and has offices in the United States and around the world. You can find other news releases and information about CIBC in our Press Centre on our corporate website at www.cibc.com.