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The large CIBC sign located outside the bank's Bay St. office building in downtown Toronto on Sept 13 2013. (Fred Lum/ The Globe and Mail)Fred Lum/The Globe and Mail

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.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 27/03/24 4:00pm EDT.

SymbolName% changeLast
CM-N
Canadian Imperial Bank of Commerce
-0.46%50.07
CM-T
Canadian Imperial Bank of Commerce
+0.67%67.9
M-N
Macy's Inc
+4.04%19.85

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