CIBC hires Barclays veteran to expand leveraged finance business

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 45 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 56%
  • Publisher: 92%

Finance Noticias

Cibc,Barclays,Head

The appointment underscores CIBC’s focus on its leveraged finance business in the U.S., it said, at a time when private investment firms are challenging the dominance of banks in the industry

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.

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 challenging the dominance of banks in the industry. 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. Study and track financial data on any traded entity: click to open the full quote page. Data updated as ofTop Canadian bank earnings expected to report slower growth in second quarter, analysts sayTop Canadian bank earnings expected to report slower growth in second quarter, analysts say

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 5. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

CIBC hires Barclays veteran to expand leveraged finance businessThe 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...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

CIBC hires Barclays veteran to expand leveraged finance businessExplore stories from Atlantic Canada.
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »

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.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »