TORONTO, June 7, 2016 /CNW/ - CIBC (CM: TSX) (CM: NYSE) has been named Canada Derivatives House of the Year for the third year in a row by GlobalCapital, a leading capital markets journal.

GlobalCapital's derivatives awards recognize firms for their innovation, market impact, performance, client feedback and uniqueness of approach. CIBC's selection was based on a poll of the publication's readership as well interviews with key market participants across derivatives markets.

"We were impressed by CIBC's strong all round approach to derivatives and its solutions-driven approach," said the editors of GlobalCapital at its 2016 Americas Derivatives Awards event in New York on June 2. "CIBC has shown once again that it is forward looking and innovative, continually exploring ways to expand its presence even as some other firms are struggling to adapt to the changing regulatory and economic conditions."

"Our strategic investments in people and technology are key to meeting client needs across asset classes,"  says Christian Exshaw, Managing Director and Head, Global Markets at CIBC. "We are honoured by the industry's recognition and are continuing our focus on delivering innovative solutions to clients.

About CIBC
CIBC is a leading Canadian-based global financial institution with 11 million personal banking and business clients and three major business units – Retail and Business Banking, Wealth Management and Capital Markets. CIBC Capital Markets provides integrated global markets products and services, investment banking advisory, corporate banking and top-ranked research to corporate, government and institutional clients around the world. Visit www.cibccm.com for more information on CIBC and CIBC Capital Markets. News releases are available at www.cibc.com/ca/media-centre/. 

SOURCE CIBC World Markets