Canadian Imperial Bank of Commerce Toronto issued the following announcement on March 22.

Global Finance Magazine has named CIBC (TSX: CM) (NYSE: CM) as the Best Treasury and Cash Management Bank in Canada for 2018, emphasizing the bank's focus on leading and developing innovative products to improve client services. It is the second year in-a-row CIBC won this award.

“We are honoured to be awarded Canada's Best Treasury and Cash Management Bank,” said Mike Clabby, Senior Vice President, Commercial Banking, Wealth Management Solutions and Financial Planning, CIBC. "This is strong recognition of the progress we have made in building a client-first culture. CIBC is committed to delivering top-notch technology-based solutions to meet the complex cash management needs of our clients."

Global Finance used a multi-tiered assessment process – which included input from industry analysts, corporate executives, technology experts and independent research – to select the best providers of treasury and cash management services. A variety of subjective and objective criteria were considered, including: market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision.

This is the third time that Global Finance Magazine has recognized CIBC in this category. CIBC also won this award in 2015 and 2017.

Original source: http://cibc.mediaroom.com/archive?item=126534