(Bloomberg) -- Canadian Imperial Bank of Commerce Innovation Banking hired Ryan Enriquez from JPMorgan Chase & Co. as executive director, part of an expansion of the unit's New York office.
Caroline Tkatschow, a director in CIBC Innovation Banking's Toronto office, also recently moved to New York as a relationship manager, and Jean Rafaelian was added to the office as an associate, the firm said Monday. Paul Gibson, a managing director, is being given added responsibility for the mid-Atlantic and New York markets.
CIBC Innovation Banking, which focuses on lending money to startups, announced a plan in September to double its staff over the next year and a half to keep pace with a booming market for venture funding. The business was formed when Toronto-based CIBC bought Wellington Financial in 2018. The unit also has offices in London, Boston and Menlo Park, California, among other cities.
Read more: CIBC to Double Venture-Lending Unit's Staff as Startups Boom
“These new team additions and promotions are just the latest in a series of initiatives we are taking to help our clients realize their ambitions,” Mark McQueen, head of CIBC Innovation Banking, said in a statement.
Enriquez was with JPMorgan's technology and disruptive commerce unit for about three years, according to his LinkedIn page. He previously worked at Citigroup Inc. and PNC Financial Services Group Inc.
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