TORONTO & LONDON–(BUSINESS WIRE)–September 27, 2021–
CIBC Innovation Banking is happy to announce the opening of its new workplace in London to assist the ambitions of UK-based entrepreneurs and their Enterprise Capital-backers by offering progress capital throughout a lot of innovation ecosystems.
For the reason that launch of CIBC Innovation Banking in North America in early 2018, CIBC has grown its workplace footprint to 12 websites, together with the brand new London workplace, overlaying key innovation ecosystems in assist of expertise, life science and clear tech corporations and their enterprise capital sponsors from throughout Canada and america. With a monitor document of profitable shopper engagements within the UK over an prolonged interval, as we speak’s announcement of a everlasting presence out there is the following step within the progress of the enterprise and a win for progressive corporations on this key international market.
“London-based enterprise and neighborhood leaders have made it clear that this market wants extra sources of progress capital to gasoline the momentum of our fast-growing innovation financial system, and we see an actual alternative to be a associate to each funds and corporations on this essential market,” mentioned Wayne Lee, Managing Director & Head, Europe & Asia Pacific Area, CIBC Capital Markets. “North American entrepreneurs and enterprise funds have embraced CIBC’s Innovation Banking aggressive providing, and I’m delighted that CIBC’s progress capital will now be fueling this sector right here within the UK.”
Together with the brand new London workplace, CIBC appointed Sean Duffy as Managing Director, Innovation Banking, and Sergey Kuzaev, CFA, Director, Innovation Banking. Mr. Duffy was most just lately overlaying the TMT sector with Barclay’s Financial institution in London, whereas Mr. Kuzaev was based mostly with CIBC Innovation Banking’s underwriting group in Toronto.
“With entrepreneurs’ want for entry to capital persevering with to develop, mixed with CIBC’s 100 years of historical past within the UK market, it was pure that our key enterprise capital and progress fairness sponsors inspired us to supply UK-based start-ups with a brand new supply of progress capital,” added Mark McQueen, President & Government Managing Director, CIBC Innovation Banking. “Our group has the advantage of greater than 20 years of expertise in tech and life science lending, which implies we’re hitting the bottom working.”
Over the previous three-plus years, CIBC Innovation Banking has doubled its workplace footprint, whereas including 30 professionals throughout North America in assist of shopper wants on this key financial sector.
About CIBC Innovation Banking
CIBC Innovation Banking delivers strategic recommendation, money administration and funding to North American innovation corporations at every stage of their enterprise cycle, from begin as much as IPO and past. With workplaces in Atlanta, Austin, Boston, Chicago, Denver, London, Menlo Park, Montreal, New York, Reston, Toronto and Vancouver, the group has intensive expertise and a robust, collaborative strategy that extends throughout CIBC’s industrial banking and capital markets companies within the U.S. and Canada. CIBC Innovation Banking is a model identify below which CIBC and CIBC Financial institution USA present services.
For additional info: Deborah Rowe, [email protected], 416-586-7019
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