The new office will be lead by Charles Germain, who was named managing director and head of corporate credit products for Quebec.
Mr Germain will report to Jean Raymond, who was recently named vice-chairman and head of wholesale banking for Quebec and Laura Dottori-Attanasio, managing director and global head of corporate credit products.
Richard Nesbitt, chairman and CEO of CIBC’s wholesale banking division, said: “Quebec has a strong business sector that is well positioned for continued growth. We want to be a part of this future by helping Quebec-based business access the capital they need to grow and thrive.”
Mr Raymond said: “Quebec is an important and growing market for CIBC. Having an on-the-ground credit presence led by Mr Germain, one of Quebec’s most respected bankers, brings us closer to the people and issues driving business in the province. We will work hand-in-hand with our clients to grow their businesses.”