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CIBC CEO says not planning asset management acquisitions

Published 2016-01-12, 10:56 a/m
© Reuters.  CIBC CEO says not planning asset management acquisitions
CM
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TORONTO, Jan 12 (Reuters) - Canadian Imperial Bank of
Commerce CM.TO Chief Executive Victor Dodig said on Tuesday he
is really not looking to make asset management acquisitions, a
departure from comments made last year about chasing such deals
in the United States.
"Can we do something that would be accretive by year three?"
he said at an RBC Capital Markets conference. "To be able to do
that, you can't do a big wealth acquisition, you can't do a big
asset management acquisition."

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