CIBC Capital Markets

What CIBC Capital Markets does

CIBC Capital Markets is the wholesale-banking franchise of Canadian Imperial Bank of Commerce (TSX/NYSE: CM), one of Canada's Big 6 banks. It provides integrated corporate and investment banking, global markets sales and trading, and global transaction banking services to corporations, governments, and institutional clients in eight major financial centres (Toronto, New York, London, Luxembourg, Sydney, Tokyo, Hong Kong, Singapore). The platform is organized around three core pillars: Global Markets (sales, trading, electronic execution, prime brokerage, securitization, and structured notes across commodities, derivatives, equities, fixed income, and foreign exchange), Global Corporate & Investment Banking (Debt Capital Markets, Equity Solutions, Mergers & Acquisitions, Corporate Lending & Syndicated Loans), and Global Transaction Banking (cash management, correspondent banking, trade and working capital finance). Specialty franchises in Sustainable Finance and Indigenous Financing & Advisory, plus a multi-asset Research & Strategy platform (Economics, FICC Strategy, Institutional Equity Research, Portfolio Strategy, Technical Analysis) and a content engine spanning seven podcast/video series and monthly newsletters, round out the offering. The US investment-banking franchise operates under the CIBC Cleary Gull sub-brand.

Revenue is generated predominantly on a transaction-fee basis: underwriting and advisory fees from capital markets and M&A mandates, spreads and commissions on sales and trading activity, principal trading P&L, and structured-finance/securitization fees. Global Transaction Banking contributes recurring revenue from cash management, trade finance, and correspondent banking. Pricing is quote-based, not publicly disclosed, and determined by transaction size, complexity, and client relationship. Customer segments span large corporations, governments and public sector (via a dedicated Government Solutions Group), institutional investors (asset managers, hedge funds, pension funds, insurers), mid-market and growth-stage companies (via Mid-Market Solutions and Growth Markets), Indigenous-led projects, and sustainable-finance clients. Distribution is enterprise field sales supplemented by underwriter syndicates with peer Canadian and global banks for primary issuance, plus heavy reliance on industry conferences and thought-leadership content for client engagement.

Name

CIBC Capital Markets

Legal name

Canadian Imperial Bank of Commerce

Website

https://cibccm.com

Company type

Public

Founded year

1961

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

CIBC Capital Markets is the wholesale-banking arm of Canadian Imperial Bank of Commerce, providing global investment banking, multi-asset sales and trading, and transaction banking services to corporations, governments, and institutional clients across North America, Europe, and Asia-Pacific.

Ownership category

akta.pro rank

Product category

Investment Banking and Capital Markets

NAICS

Investment Banking and Securities Intermediation (52315), Commercial Banking (522110), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security Brokers, Dealers & Flotation Companies (6211), National Commercial Banks (6021)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Capital Markets Advisory (Equity Placement, JV & Recapitalization) (BPAJABAL), Consumer & Retail (CPG, Food, Apparel) (FSABACAM)

Keywords

• Investment banking services
• Debt capital markets
• Equity capital markets
• Mergers and acquisitions
• Global transaction banking

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Investment Banking Advisory Fees: Revenue generated from advising on mergers & acquisitions, debt and equity capital markets underwriting, and corporate lending & syndicated loan mandates for corporations, governments and institutional clients. Earned as one-time fees on transaction closings.
2. Global Markets Sales & Trading: Revenue from market-making and execution services across commodities, derivatives, equities, fixed income, foreign exchange, structured notes, securitization, and electronic trading — including commissions, spreads, and principal trading P&L.
3. Securitization and Structured Finance: Revenue from arranging and placing asset-backed and structured securities, including ABS and other securitization mandates, alongside structured note issuance.
4. Global Transaction Banking Services: Recurring and transaction-based revenue from corporate cash management, correspondent/global bank solutions, and global trade & working capital finance offerings to corporate and institutional clients.
5. Equity Solutions: Revenue from equity underwriting, block trades, and structured equity product placements for corporate issuers.
6. Sustainable Finance Advisory: Fee-based revenue from advisory and arranging mandates for green bonds, sustainable finance, and energy transition projects.
7. Indigenous Financing & Advisory: Fee-based revenue from specialized advisory and capital raising services for Indigenous-led projects and partnerships in Canada.

Go-to-market motion4 records

Distribution channels6 records

Marketing channels9 records

Core offering

CIBC Capital Markets is the wholesale and investment banking arm of Canadian Imperial Bank of Commerce, providing corporations, governments, and institutional clients with Global Markets sales and trading across multiple asset classes (equities, fixed income, FX, commodities, derivatives, structured notes, securitization, prime brokerage), Global Corporate & Investment Banking services (debt and equity capital markets, M&A advisory, corporate lending and syndicated loans), Global Transaction Banking (cash management, correspondent banking, trade and working capital finance), specialty franchises in Sustainable Finance and Indigenous Financing & Advisory, and an institutional Research & Strategy platform. The firm is headquartered in Toronto with regulated entities and offices in New York, London, Luxembourg, Sydney, Tokyo, Hong Kong, and Singapore.

Product overview

CIBC Capital Markets is a platform-plus-modules architecture delivered under a single trademark brand name of Canadian Imperial Bank of Commerce (CIBC), with the global offering organized around three core pillars: Global Markets (with sub-modules including Commodities, Derivatives, Electronic Equities Trading, Equities, Fixed Income, Foreign Exchange, Growth Markets, Index Solutions, Mid-Market Solutions, Prime Brokerage, Securitization, and Structured Notes), Global Corporate & Investment Banking (with sub-modules Debt Capital Markets, Equity Solutions, Mergers & Acquisitions, and Corporate Lending & Syndicated Loans), and Global Transaction Banking (with sub-modules Corporate Cash Management, Global Bank Solutions, and Global Trade & Working Capital Finance). These three pillars are complemented by specialty offerings in Sustainable Finance and Indigenous Financing & Advisory, a Research & Strategy platform that produces flagship publication series such as Economics Reports, FICC Strategy Reports (The FX Files), Tech & Innovation Market Update, and Energy Innovation & Climate Newsletter, and an Insights distribution platform spanning seven podcast and video series (CIBC Perspectives, Eyes on the Economy, The Raitt Stuff, Curve Your Enthusiasm, The Energy Shift, The Sustainability Agenda, and CIBC Insights). The US franchise operates under the sub-brand CIBC Cleary Gull, while the parent entity provides regulatory and back-office infrastructure through subsidiaries CIBC World Markets Inc. (Canada), CIBC World Markets Corp. (US), and CIBC World Markets plc (UK).

Differentiator

Problem solved

Functional benefit

Brands

• CIBC Wood Gundy: Registered/unregistered trademark of Canadian Imperial Bank of Commerce; listed among CIBC Capital Markets' marks.
• CIBC Griffis & Small
• CIBC Cleary Gull

Products and services

• Global Markets Comprehensive sales, trading, and market intelligence across asset classes including commodities, derivatives, equities, fixed income, foreign exchange, and structured products, serving institutional clients in North America and globally.
• Global Corporate & Investment Banking Investment banking franchise covering debt and equity capital markets, M&A advisory, and corporate lending for corporations, governments, and institutional clients.
• Global Transaction Banking Transaction banking services including cash management, correspondent/global bank solutions, and global trade & working capital finance for corporate and institutional clients.
• Sustainable Finance Advisory and capital markets services for sustainable finance including green bonds, ESG-linked products, and energy transition financing for corporations, renewable energy developers, and utilities.
• Indigenous Financing & Advisory Dedicated advisory and financing services for Indigenous communities and businesses in Canada, including loan guarantee programs, capital raising, and partnership support.
• Research & Strategy Institutional research and strategy capabilities spanning Economics, FICC Strategy (Fixed Income, Currency & Commodities), Institutional Equity Research, Portfolio Strategy, and Technical Analysis for institutional clients.
• Debt Capital Markets Origination, structuring, and distribution of debt securities including investment grade, high yield, and emerging market debt for corporate, government, and institutional issuers.
• Mergers & Acquisitions Advisory M&A advisory services including buy-side and sell-side mandates, strategic alternatives reviews, and transaction execution for corporate clients and special committees.
• Prime Brokerage Prime brokerage services for hedge funds and institutional clients including financing, securities lending, execution, and operational support.
• Corporate Lending & Syndicated Loans Corporate lending and syndicated loan facilities arranged and distributed for large corporate and institutional borrowers.
• CIBC Cleary Gull (US Investment Banking Sub-brand) US investment banking brand under which CIBC Capital Markets delivers investment banking services across the United States.

Quantifiable outcome

• Co-led 25+ capital markets transactions across mining, energy, financial services, real estate and infrastructure sectors in the observed period
• +4 more outcomes

Named customers23 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability7 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered flagship multi-year partnership, standard listing partnership, industry event sponsorship, industry thought leadership engagement, industry forum participation and parent brand relationship.

• Indigenous Institutes Consortiumflagship multi-year partnershipStrategic or Co-development PartnerMulti-year partnership with the Indigenous Institutes Consortium to offer 14 new scholarships per year over the next five years to Indigenous students at Indigenous Institutes across Canada, supporting CIBC's Indigenous Financing & Advisory franchise and broader inclusion and diversity commitments.
• Toronto Stock Exchange (TSX Trust)standard listing partnershipStrategic or Co-development PartnerCIBC's Managing Director Elliot Scherer attended the Toronto Stock Exchange market close ceremony celebrating the listing of eight new Canadian Depositary Receipts (CDRs) representing major international companies, in conjunction with TSX Trust's Chief Growth Officer Richard Rohan.
• EY Canada (VersaFi Luminaries Awards)industry event sponsorshipGTM or Marketing PartnerEY Canada serves as Presenting Sponsor of VersaFi's inaugural Luminaries Awards, with CIBC honourees among the 35 leaders recognized on June 18, 2026 in Toronto for advocating women in Canada's finance sector.
• Torys LLP (VersaFi Luminaries Awards)industry event sponsorshipGTM or Marketing PartnerTorys LLP serves as Supporting Sponsor of VersaFi's inaugural Luminaries Awards, alongside EY Canada, with CIBC honourees recognized at the June 18, 2026 gala in Toronto.
• Longroad Energyindustry thought leadership engagementStrategic or Co-development PartnerLongroad Energy CEO Paul Gaynor and CFO Pete Keel participated in a special episode of The Energy Shift podcast with CIBC's Ines Serrao and James Wright (December 2025), discussing the future of solar energy, capital access, and policy/regulatory change.
• Green Street (formerly IJGlobal)industry forum participationGTM or Marketing PartnerCIBC sponsored and participated in Green Street's Infrastructure Finance Forum: Europe 2026 held May 12-13 in Madrid, Spain, and the ACORE Finance Forum held May 13-14, 2026 in New York City.
• Canadian Imperial Bank of Commerce (CIBC parent brand)parent brand relationshipStrategic or Co-development PartnerCIBC Capital Markets is a trademark brand name under which Canadian Imperial Bank of Commerce, its subsidiaries (CIBC World Markets Inc., CIBC World Markets Corp., CIBC World Markets Limited plc), and affiliates provide products and services to customers globally. CIBC's website portals (Personal, Business, Commercial, Wealth, About CIBC) integrate with the Capital Markets digital platform.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• RBC Capital Markets: Investment banking and capital markets arm of Royal Bank of Canada, the largest of Canada's Big 6 banks. Directly comparable to CIBC Capital Markets across Global Markets, Global Investment Banking, and Transaction Banking, and is its most frequent co-lead partner on Canadian equity and debt mandates (e.g., TransAlta C$350M, iA Financial C$500M, Avenue Living $400M).
• TD Securities: Capital markets division of The Toronto-Dominion Bank, another Big 6 Canadian bank. Directly comparable offering across Global Markets, corporate and investment banking, and research, with frequent co-leads alongside CIBC Capital Markets on Canadian deals (e.g., Aecon C$150M, RioCan REIT debentures, Sun Life $1B).
• BMO Capital Markets: Investment banking and capital markets arm of Bank of Montreal, another Big 6 Canadian bank. Direct competitor across Global Markets and investment banking, frequently co-leading Canadian mid-market and large-cap mandates (e.g., Extendicare $200M, iA Financial C$500M, Avenue Living $400M).
• Scotiabank Global Banking and Markets: Capital markets franchise of Bank of Nova Scotia, another Big 6 Canadian bank. Comparable offering across Global Banking and Markets, with co-led mandates alongside CIBC Capital Markets (e.g., StorageVault $50M, Brompton C$55.3M, Suncor $1B, Brookfield C$750M).
• National Bank Financial Markets: Capital markets division of National Bank of Canada. Comparable Canadian-domestic franchise focused on mid-market and institutional clients, with frequent co-led deals alongside CIBC Capital Markets (e.g., Alaris $115M, Avenue Living $400M, Brookfield C$750M, RioCan debentures).

Broad incumbents

• Goldman Sachs: Global bulge-bracket investment bank with overlapping Global Markets and Investment Banking franchises, including prime brokerage, FICC, equities, M&A, ECM and DCM. Larger scale on cross-border mega-mandates; competes with CIBC Capital Markets on Canadian large-cap and cross-border M&A but at meaningfully greater scale.
• Morgan Stanley: Global bulge-bracket investment bank with comparable Global Markets and Investment Banking platforms. Larger global scale on cross-border M&A and ECM mandates; competes with CIBC Capital Markets on institutional research distribution and large corporate advisory, including through Morgan Stanley's Canadian franchise.
• JPMorgan: Largest global investment bank with full-service Global Markets, Investment Banking, and Transaction Banking franchises. Competes with CIBC Capital Markets on Canadian large-cap M&A, debt underwriting, and global ECM/DCM mandates, with materially greater balance sheet capacity for mega-deals.
• Bank of America: Diversified global bank with substantial capital markets, investment banking, and Global Transaction Banking operations. Competes with CIBC Capital Markets on large-cap North American M&A and debt underwriting, with broader product breadth but overlapping client coverage in the institutional and large corporate space.

Emerging players

• Canaccord Genuity: Independent global investment bank with strong Canadian mid-market and growth company franchise, particularly in technology, healthcare, and consumer. Comparable to CIBC Capital Markets' Mid-Market Solutions and Tech & Innovation Investment Banking practices on smaller Canadian ECM and M&A mandates, though materially smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/cibccm

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CIBC Capital Markets