May 2026 Employment Report
The U.S. economy added 172,000 jobs in May, according to the Bureau of Labor Statistics (BLS) survey of employers.
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Senior Investment Strategist
Dave Donabedian is a senior investment strategist for CIBC Private Wealth with over 35 years of industry experience. In this role, he acts as a senior investment resource to key clients and prospects and contributes to the firm’s asset allocation strategy. He serves on the Multi-Manager Investment Committee, the Asset Allocation Committee, and is a member of the CIBC Private Wealth Operating Committee.
Previously, Dave served as CIBC Private Wealth’s Chief Investment Officer from 2009-2025. Prior to becoming CIO, Dave served in a similar capacity at Ashbridge LLC, a Philadelphia-based multi-family office.
Dave received a Bachelor of Science in economics and a Bachelor of Arts with honors from the Wharton School at the University of Pennsylvania. He subsequently earned a Master of Business Administration degree from Columbia University with a concentration in finance. He holds the Chartered Financial Analyst® designation and is a member of the CFA Institute.
As a leading investment expert, Dave frequently appears on television networks, including CNBC and Bloomberg Television, and provides insights in publications such as Barron’s and The Wall Street Journal.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
