CIBC Wood Gundy is the Canadian retail brokerage division of CIBC World Markets, a division of the Canadian Imperial Bank of Commerce.
CIBC Wood Gundy maintains a network of 1,400 brokers working in over 100 branches across Canada. The company’s products include stocks, bonds, registered accounts, money market instruments and mutual funds It also offers insurance as well as retirement, estate, and financial planning; investment advice and money management services.
The business was created in 1988 with the purchase of Wood Gundy by the Canadian Imperial Bank of Commerce (CIBC). From 1988 through 1997, CIBC Wood Gundy was the universal name of CIBC's investment banking operations. However, the business was renamed after the acquisition of the investment banking operations of Oppenheimer & Co. in 1997. The business was subsequently renamed CIBC Oppenheimer and later CIBC World Markets.
Read more about CIBC Wood Gundy: History
Famous quotes containing the word wood:
“And they be these: the wood, the weed, the wag.
The wood is that which makes the gallow tree;
The weed is that which strings the hangman’s bag;”
—Sir Walter Raleigh (1552?–1618)