Gerald T. McCaughey
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Gerald T. McCaughey (born 1956, Winnipeg, Manitoba, Canada) is the president and CEO of the Canadian Imperial Bank of Commerce.
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[edit] Early years
McCaughey was born in Winnipeg, studied at Concordia University in Montreal and graduated with a bachelor of commerce degree.
[edit] Career
McCaughey started at Merrill Lynch Canada as an account executive in 1981 and joined CIBC when private client operations of Merrill Lynch was acquired by then CIBC Wood Gundy in 1990.
Since joining CIBC, McCaughey has risen up the ranks within the bank:
- 1994-1999 President of Wood Gundy Private Client Investments
- 1999-2002 Senior Executive Vice-President (Wealth Management)
- 2002-2004 Vice Chair, CIBC
- 2004-2005 Chairman and Chief Executive Officer of CIBC World Markets
- 2004-Present President and Chief Operating Officer, CIBC
McCaughey has been CEO since 2005, replacing former CEO and chair John Hunkin.
Outside of banking, McCaughey serves various other boards:
- Chair of the Advisory Board for the Canada Institute of the Woodrow Wilson International Center for Scholars
- Director of the Frontier College Foundation
- Member of The Learning Partnership's Corporate Advisory Board
- Member of the U.S. Council on Foreign Relations
[edit] Compensation
McCaughey was paid $6.24 million in total direct compensation in 2009, according to the company's most recent annual proxy circular.
The Canadian Press reported on Thursday March 17, 2011, 8:36 pm EDT that "President and chief executive Gerald McCaughey's pay increased 50 per cent to $9.34 million last year."
[edit] External links
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