January 29, 2008

Tom Woods, currently Chief Financial Officer of CIBC, now becomes Chief Risk Officer.

Richard Nesbitt, CEO of the TSX Group from 2004 to 2007, will be joining CIBC as CEO of CIBC World Markets, effective February 29, 2008.

In addition, CIBC also announced that Brian Shaw, CEO of CIBC World Markets, and Ken Kilgour, Chief Risk Officer, will be leaving CIBC.