Jon Hountalas has been appointed vice chair, North American banking, at CIBC Global Asset Management, according to media outlets.
Previously, Hountalas was senior executive vice president and group head of Canadian banking. Three other executives will take over his current duties effective Nov. 1, reported Reuters.
In addition, Susan Rimmer will be promoted to senior executive vice president and group head, commercial banking and wealth management. She is currently managing director and head, global corporate and investment banking. Harry Culham will become senior executive vice president and group head, capital markets, global asset management and enterprise strategy.