CIBC Private Wealth, US, wins Best High Net-Worth Investment Platform award for second consecutive year;
earns highly commended for Private Banking Client Service

NEW YORK, NY, February 12, 2024—CIBC Private Wealth, US today announced it has been recognized with the Best High Net-Worth Investment Platform award by Private Asset Management (PAM) for the 2nd consecutive year, also marking the 12th consecutive year PAM has recognized the firm’s investment program. Additionally, the firm was highly commended in the Private Banking Client Service category. PAM, a leading financial services industry trade publication, announced the awards on February 8 at a ceremony in New York City.

“This recognition is a testament to the dedication and expertise of the entire CIBC Private Wealth investment team under Chief Investment Officer Dave Donabedian’s exceptional leadership,” said John S.“Jack” Markwalter, Jr., CEO of CIBC Private Wealth, US. “This award further solidifies our firm’sposition as a trusted partner for high net-worth individuals and families seeking sophisticated investmentstrategies and personalized wealth management solutions.”

CIBC Private Wealth, US, has established itself as a leader in the wealth management industry, consistently delivering outstanding investment performance and innovative solutions to meet the unique needs of high net worth individuals and families. 

“I would also like to extend my congratulations to Dan Sullivan, head of private and personal banking, and his team for being recognized by PAM,” said Markwalter. “Their dedication, personalized guidance and innovative solutions have set us apart as a leading provider of private banking services, and we remain committed to helping our clients achieve their ambitions at every step.”

PAM, which launched its award program in 2011, annually invites firms across the US to compete for awards in several categories that are reviewed by a panel of independent industry experts. PAM considers the following criteria when selecting the winners of these awards:

• Financial progress: Candidates must be able to demonstrate performance track records over the course of the last 12 months.
• Growth: Client numbers, internal hires and geographic expansion
• Client satisfaction: Provide evidence of client satisfaction
• Product innovation: Details of new services and products launched over the course of the year prior to the year the award is given

2024, Private Asset Management, “Best High-Net Worth Investment Platform.” Feb. 8, 2024. The detailed information provided by CIBC Private Wealth included information on both internal and external strategies as of July 31, 2023. The firm was one of four shortlisted for this award, and was the only one to win. Criteria used included delivery of client objectives through risk-adjusted performance across a range of investment solutions and demonstration of client servicing standards, including client testimonials.

2023, Private Asset Management, “Best High-Net Worth Investment Platform.” Feb. 9, 2023. The detailed information provided by CIBC Private Wealth included information on both internal and external strategies as of July 31, 2022. The firm was one of five shortlisted for this award, and was the only one to win. Criteria used included delivery of client objectives through risk-adjusted performance across a range of investment solutions and demonstration of client servicing standards, including client testimonials.

Any reference to a ranking, rating or an award provides no guarantee for future performance results and is not constant over time. Banking solutions offered by CIBC Bank USA, Member FDIC and Equal Housing Lender. CIBC Bank USA and CIBC Private Wealth Group, LLC are both indirect, wholly owned subsidiaries of CIBC.

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