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CIBC Wood Gundy
CIBC Wood Gundy is the Canadian full-service retail brokerage division of CIBC World Markets Inc., a subsidiary of the Canadian Imperial Bank of Commerce (CIBC). Through its network of over 1,000 investment advisors working in 80 locations across Canada, CIBC Wood Gundy offers an array of investment and insurance products and services. CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy by CIBC. From 1988 through 1997, CIBC Wood Gundy was the universal name of CIBC's investment banking operations. However, after the acquisition by CIBC of the investment banking operations of U.S.-based Oppenheimer & Co. in 1997, the combined investment banking business was renamed CIBC Oppenheimer and later CIBC World Markets. Since 1997, the name CIBC Wood Gundy has been used as the brand for CIBC's retail brokerage business. History Wood, Gundy & Company was established in Toronto, Ontario in 1905 by George Herbert Wood and James Henry Gundy. The firm first specialized in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CIBC Wood Gundy (1997) Logo
CIBC Wood Gundy is the Canadian full-service retail brokerage division of CIBC World Markets Inc., a subsidiary of the Canadian Imperial Bank of Commerce (CIBC). Through its network of over 1,000 investment advisors working in 80 locations across Canada, CIBC Wood Gundy offers an array of investment and insurance products and services. CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy by CIBC. From 1988 through 1997, CIBC Wood Gundy was the universal name of CIBC's investment banking operations. However, after the acquisition by CIBC of the investment banking operations of U.S.-based Oppenheimer & Co. in 1997, the combined investment banking business was renamed CIBC Oppenheimer and later CIBC World Markets. Since 1997, the name CIBC Wood Gundy has been used as the brand for CIBC's retail brokerage business. History Wood, Gundy & Company was established in Toronto, Ontario in 1905 by George Herbert Wood and James Henry Gundy. The firm first specialized in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Banking
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services ( fixed income instruments, currencies, and commodities) or research (macroeconomic, credit or equity research). Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket (upper tier), Middle Market (mid-level businesses), and boutique ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Merrill Lynch
Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment banking arm, both firms engage in prime brokerage and broker-dealer activities. The firm is headquartered in New York City, and once occupied the entire 34 stories of 250 Vesey Street, part of the Brookfield Place (New York City), Brookfield Place complex in Manhattan. Merrill employs over 14,000 financial analysts and manages $2.3 trillion in client assets. The company also operates Merrill Edge, an electronic trading platform. Prior to 2009, the company was publicly owned and traded on the New York Stock Exchange. Merrill Lynch & Co. agreed to be acquired by Bank of America on September 14, 2008, at the height of the financial crisis of 2007–2008, the same weekend that Lehman Brothers was Bankruptcy of Lehman Brothers, allowed to fail. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asset Management
Asset management is a systematic approach to the governance and realization of value from the things that a group or entity is responsible for, over their whole life cycles. It may apply both to tangible assets (physical objects such as buildings or equipment) and to intangible assets (such as human capital, intellectual property, goodwill or financial assets). Asset management is a systematic process of developing, operating, maintaining, upgrading, and disposing of assets in the most cost-effective manner (including all costs, risks, and performance attributes). The term is commonly used in the financial sector to describe people and companies who manage investments on behalf of others. Those include, for example, investment managers that manage the assets of a pension fund. It is also increasingly used in both the business world and public infrastructure sectors to ensure a coordinated approach to the optimization of costs, risks, service/performance, and sustainability. IS ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James Henry Gundy
James Henry Gundy (March 22, 1880 - November 10, 1951) was a Canadian businessman who co-founded Wood Gundy and Company, stockbrokerage in Toronto, Ontario in 1905. He was born in Harriston, Ontario and at age eighteen moved to Toronto, where he was employed by Central Canada Loan and Savings Co., a company started by George Albertus Cox. In 1900 he joined the newly formed stock brokerage firm, Dominion Securities In 1905 he and fellow Dominion Securities employee George Herbert Wood teamed up to go into the municipal and provincial bond underwriting business. They formed Wood Gundy and Company with offices on the corner of King and Yonge streets in downtown Toronto. Gundy became a successful and influential member of the Canadian financial community. During World War I, he was chair of Special Subscriptions Committee - Victory Loans 1911-1918. He served as president of the Investment Dealers Association of Canada 1920-1921, was a Governor of the Investment Bankers' Associati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Herbert Wood
George Herbert Wood (February 17, 1867 – May 15, 1949) was a Canadian businessman who co-founded Wood Gundy and Company, stockbrokerage in Toronto, Ontario in 1905 with fellow former Dominion Securities employee James Henry Gundy. Early years Wood was born in Rock Ferry, England on February 17, 1867 and arrived in Canada as child with his family in 1874. After graduation Wood worked for his father George William Wood at Atlas Assurance Company before moving on to Dominion Securities. He retired from the business in 1930 and died at his home in Toronto in 1949. Personal In 1892 he married Maude Staveley (died 1929) and divided their time in Toronto and in England. Wood and his wife are buried at Mount Pleasant Cemetery, Toronto. Legacy His name and that of Gundy lives in the retail investment arm of CIBC World Markets CIBC World Markets Inc. is the investment banking subsidiary of the Canadian Imperial Bank of Commerce. The firm operates as an investment bank both in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wood, Gundy & Company
Wood Gundy Inc. was a leading Canadian stock brokerage and investment banking firm. Founded in 1905, it was acquired by the Canadian Imperial Bank of Commerce in 1988 as it attempted to build an investment banking business. The Wood Gundy name was used extensively by the bank's investment banking arm, which was known as CIBC Wood Gundy until 1997. Today, CIBC's investment banking business is known as CIBC World Markets, and the name CIBC Wood Gundy is used as the brand for the bank's retail brokerage business. History Founding and early history Wood, Gundy & Company was established in Toronto, Ontario, in 1905 by George Herbert Wood and James Henry Gundy. The firm first specialized in the distribution and underwriting of government and municipal bonds In 1919, the firm opened an office in New York City. Founded as a partnership, the firm incorporated in 1925. Following World War II, Wood Gundy expanded its operations, starting to underwrite and distribute securities of Ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CIBC Oppenheimer
CIBC Capital Markets is the investment banking subsidiary of the Canadian Imperial Bank of Commerce. The firm operates as an investment bank both in Canadian and global equity and debt capital markets. The firm provides a variety of financial services including equity and debt capital market products, mergers and acquisitions, global markets (sales and trading), merchant banking, and other investment banking advisory services. Established via a series of acquisitions, including Canadian brokerage Wood Gundy and U.S.-based Oppenheimer & Co., CIBC Capital Markets has been a leading investment bank in Canada with a notable presence in various international markets at times over the years. CIBC Capital Markets is headquartered at CIBC Square in Toronto with offices in Calgary, Montreal, Vancouver, Ottawa, New York City, Atlanta, Boston, Chicago, Houston, Salt Lake City, Beijing, Dublin, Hong Kong, London, Shanghai, Singapore, Sydney and Tokyo. History CIBC Wood Gundy The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oppenheimer & Co
Oppenheimer Holdings is an American multinational independent investment bank and financial services company offering investment banking, financial advisory services, capital markets services, asset management, wealth management, and related products and services worldwide. The company, which once occupied the One World Financial Center building in Manhattan, now bases its operations at 85 Broad Street in New York City. History Originally created as Oppenheimer & Company, Oppenheimer Holdings was founded in 1950 when a partnership was created to act as a broker-dealer and manage related financial services for large institutional clients. While the 1960s and 1970s was a time of great prosperity for the company, the origins of the firm trace back to 1881. After re-configuring operations in 1975, Oppenheimer & Co. formed three operating subsidiaries: * Oppenheimer & Co. Inc., a retail brokerage firm * Oppenheimer Capital Corporation, an institutional investment manager * Oppenheimer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Canadian Imperial Bank Of Commerce
The Canadian Imperial Bank of Commerce (CIBC; french: Banque canadienne impériale de commerce) is a Canadian multinational banking and financial services corporation headquartered at CIBC Square in the Financial District of Toronto, Ontario. The Canadian Imperial Bank of Commerce was formed through the 1961 merger of the Canadian Bank of Commerce (founded in 1867) and the Imperial Bank of Canada (founded in 1873), in the largest merger between chartered banks in Canadian history. It is one of two "Big Five" banks founded in Toronto, the other being the Toronto-Dominion Bank. The bank has four strategic business units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It has international operations in the United States, the Caribbean, Asia, and United Kingdom. Globally, CIBC serves more than eleven million clients, and has over 40,000 employees. The company ranks at n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Division (business)
A division, sometimes called a business sector or business unit (segment), is one of the parts into which a business, organization or company is divided. Overview Divisions are distinct parts of a business. If these divisions are all part of the same company, then that company is legally responsible for all of the obligations and debts of the divisions. In the banking industry, an example would be East West Bancorp and its primary subsidiary, East West Bank. Legal responsibility Subsidiaries are separate, distinct legal entities for the purposes of tax A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or n ...ation, regulation and Legal liability, liability. For this reason, they differ from divisions, which are businesses fully integrated within the main company, and not legally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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