The Canadian Imperial Bank of Commerce (CIBC) Capital Markets, one of the 'Big Five' banks in Canada, has promoted its long-term executive Glenn Blundell to the position of the Managing Director of Global Markets FX.

Glenn Blundell Promoted by CIBC Capital Markets

"I'm happy to share that I'm starting a new position as Managing Director, Global Markets FX Trading at CIBC Capital Markets!" Blundell wrote in a LinkedIn post.

Based in Toronto, CIBC Capital Markets works with corporations, institutional clients and governments to offer personalized solutions that provide access to capital and enable active investing.

The company has about 50,000 employees who provide access to a wide range of financial services to 10 million customers from 13 locations around the world, including the US, UK, Luxembourg, China and Australia.

Check out the recent London Summit session on "Liquidity Between Retail & Institutional Trading."

20 Years of Glenn Blundell's Experience

Blundell has been associated with CIBC Capital Markets since 2003, where he began his career as Senior Manager of Global Network Services for Capital Markets. Prior to that, he worked for KPMG for three years as a Management Consultant but has been with CIBC continuously for 20 last years.

Since 2006, he has served in senior executive positions, being responsible for developing divisions related to card products, process engineering and capital markets risk management .

In 2015, he became Executive Director of FX e-Trader, then he was promoted to Head of the Global FX e-Trading Desk, and in 2018, he move to Head of e-Sales Desks. Currently, his years of market experience and expertise at CIBC Markets will be used towards the new position of Managing Director of Global Markets FX Trading.

This week Finance Magnates reported on other significant executive moves. State Street hired Andreas Przewloka as the President of its subsidiary SSBI. He replaces Stefan Gmuer, who recently retired.

Meanwhile, eToro has promoted Meron Shani, the former Vice President of Finance, to the position of Chief Financial Officer, where she replaces Shalom Berkovitz. She has 23 years of experience in the world of finance.