CIBC hires Barclays veteran to expand leveraged finance business

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Leveraged Finance Nouvelles

CIBC,Canadian Imperial Bank Of Commerce,Barclays

The appointment underscores the lender's focus on its leveraged finance business in the United States, it said, at a time when private investment firms are...

- Canadian Imperial Bank of Commerce has hired Brad Aston, a veteran of nearly two decades at Barclays, as the global head of leveraged finance in its capital markets unit, according to a memo seen by Reuters on Tuesday.

Leveraged loans are targeted at companies looking to do an acquisition, or those that have a high debt load. Private capital firms can be more aggressive in offering such loans, since they are not subjected to the degree of regulation that banks operate under.CIBC also said it has hired Goldman Sachs alum Vishal Bhalla as managing director of leveraged finance in capital markets.

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CIBC Lands Aston From Barclays for US Leveraged-Finance PushCanadian Imperial Bank of Commerce is bulking up its coverage in leveraged finance, hiring veteran banker Brad Aston from Barclays Plc for its capital-markets business.
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