Speech will stress that Canada must move quickly to be leaders in mobile payments

QUÉBEC, June 6, 2012 /CNW/ - CIBC (CM: TSX) (CM: NYSE) - The Honourable Jim Prentice, P.C., Q.C., Senior Executive Vice-President and Vice Chairman of CIBC, will be the keynote speaker at a June 7 luncheon hosted by the Canadian Payments Association.

In his remarks, Mr. Prentice will discuss how Canada, building on our expertise in financial services and wireless communications, through continued innovation and a focus on consumer needs, can become a leader in mobile payments.

Mr. Prentice joined CIBC in January 2011 and has responsibility for expanding CIBC's relationships with corporate clients across Canada and abroad, and for providing leadership on strategic initiatives to enhance CIBC's position in the market. He joined the bank following a successful career as a lawyer, Member of Parliament and one of the most senior Ministers in the Canadian Government. He served variously as the Minister of Industry, the Minister of the Environment, the Minister of Indian Affairs and Northern Development and was the Minister responsible for major pipeline projects. He was also the Co-Chair of the Indian Claims Commission of Canada from 1993 until 2000.

Mr. Prentice will be available for media interviews after this event.

CIBC 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, 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.