Canadian Imperial Bank of Commerce is bolstering its energy research department, adding an analyst to cover the Canadian-listed international exploration and production companies.
CIBC has hired David Popowich, who had covered that segment of the sector at Macquarie Securities for the past five years. Prior to that, Mr. Popowich was a research associate at Tristone Capital, which Macquarie acquired in 2009.
His appointment enhances the bank's moves to boost its position in the global energy scene, as shown by the pending opening of an office in Bogota, Colombia.