CIBC entered its 16th specialty banking area, adding an equipment finance team within its U.S. commercial banking group. Matthew Green, formerly of J.P. Morgan, will lead the new equipment finance team at CIBC.
“At CIBC, we know how important machinery and equipment are in order to successfully deliver products and services to our clients,” Bruce Hague, president of U.S. commercial banking for CIBC, said. “We’re pleased to offer client-centric solutions that are applicable to all business profiles in order to help our clients achieve their ambitions.”
Green, who recently joined CIBC as managing director and group head, has 20 years of banking industry experience. Previously, he led the equipment finance business at J.P. Morgan, where he also co-founded the middle-market loan syndication group. His team will be supported by Austin Daniels, who will lead equipment finance capital markets, and Jaime Clesceri, who will serve as head of documentation and operations.
CIBC’s new equipment finance group will offer clients solutions to match requirements for capital expenditure acquisitions and sale-leasebacks, with an advisory-first approach designed to help clients weigh the pros and cons of a financing structure and its impacts on their financial profiles. The group will provide equipment solutions across the following product sets:
“We build lasting business partnerships — focused on our clients’ successes — by taking the time to understand them, their company and objectives,” Hague said.
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One Reply to “CIBC Adds Equipment Finance to Commercial Banking Services, Green to Lead”
my name is Rick Rodman, and I’m the SVP of Credit here at Quail Financial Solutions Inc. we’re a long time established equipment broker. I wanted to find out if you’re accepting transactions from brokers. If so, let me know what would we need to get set up with you.