The Financial Post reported in its Tuesday, Jan. 14, edition that Canadian Imperial Bank of Commerce (CIBC) is boosting its Global Infrastructure Finance group.
According to the newspaper, David Tweedy has taken up the position of managing director in New York this week, reporting to Laurie Bielski Mahon, who was hired in September.
Mr. Tweedy was most recently at the Port Authority of New York and New Jersey, where he had responsibilities for capital planning and construction of One World Trade Center, according to an internal CIBC announcement.
Canadian Imperial Bank of Commerce (CIBC) had hired Laurene Bielski Mahon to take on the role of U.S. managing director and head of global infrastructure finance last fall. Laurene Bielski has advised on or closed more than $40 billion of transactions in her 30 years of infrastructure deal-making. She is also recognized as one of the first bankers to develop and implement private sector financing schemes for infrastructure development.
In Toronto, according to the magazine, Jiri Maly will take up the position of managing director. Mr. Maly was previously responsible for the infrastructure mega-projects service line at global consultant McKinsey & Co.
Ms. Mahon said:
"At CIBC, Jiri will be focused on growing our global strategic advisory, capital markets and lending practice in infrastructure."