Question 1

What is CIBC Capital Markets Europe?

Accepted Answer

CIBC Capital Markets Europe is the Luxembourg-based European investment banking subsidiary of the Canadian Imperial Bank of Commerce (CIBC). The bank provides corporate and investment banking services to institutional and corporate clients across the European Economic Area. It serves as CIBC's continental European platform following Brexit, delivering capital markets capabilities and financial solutions to European clients.

Question 2

When was CIBC Capital Markets Europe founded?

Accepted Answer

CIBC Capital Markets Europe S.A. was established in Luxembourg in 2020. The bank received authorization from the Commission de Surveillance du Secteur Financier (CSSF) on May 15, 2020, and officially opened its Luxembourg office on July 20, 2020.

The establishment of the Luxembourg entity was part of CIBC's strategic response to Brexit, providing a continental European base to continue serving EU clients after the United Kingdom's departure from the European Union. European clients impacted by Brexit were migrated from CIBC's UK operations to CIBC Capital Markets Europe S.A. in accordance with CSSF guidelines.

Question 3

Where is CIBC Capital Markets Europe headquartered?

Accepted Answer

CIBC Capital Markets Europe is headquartered at 2C, rue Albert Borschette, L-1246 Luxembourg, Luxembourg.

Question 4

Where does CIBC Capital Markets Europe operate?

Accepted Answer

CIBC Capital Markets Europe operates throughout the European Economic Area from its Luxembourg base. The bank utilizes EU passporting rights to provide cross-border services to clients across multiple EU member states. Luxembourg's strategic position between Germany, France, and Belgium provides an ideal location for CIBC to extend its European reach.

Question 5

What services does CIBC Capital Markets Europe offer?

Accepted Answer

CIBC Capital Markets Europe provides a comprehensive range of investment banking and capital markets services. The bank offers credit and capital markets products, including equity and debt capital markets solutions, loan syndication, high-yield origination and trading, and convertible bond trading.

Corporate banking services include corporate lending, syndication support, and debt capital markets. The bank provides risk management solutions such as foreign exchange and interest rate products, credit derivatives, and commodity derivatives.

Advisory services include mergers and acquisitions advisory, merchant banking, and other investment banking advisory services. The bank also offers market solutions through institutional sales and trading capabilities, providing securities distribution to professional clients and eligible counterparties. Research produced by affiliated CIBC entities is distributed to qualified institutional clients.

Question 6

What makes CIBC Capital Markets Europe unique?

Accepted Answer

CIBC Capital Markets Europe operates as part of CIBC's global capital markets platform, one of Canada's leading financial institutions with over 10 million clients worldwide. The bank holds an Aa2 (high grade) rating from Moody's, reflecting its strong credit quality and connection to its Canadian parent.

In 2023, the bank demonstrated impressive growth with total assets increasing by 110.68% year-over-year, ranking as the 9th most profitable bank in Luxembourg by return on assets with 3.15% ROA and 6.31% ROE. Despite being relatively new, the bank has quickly established itself in the Luxembourg market with a focused, client-centric approach.

The bank is led by Thomas Pellequer, Chief Executive and Authorized Manager, who has over a decade of experience with CIBC and previously led the bank's Corporate Solutions Group for Europe and Asia.

Question 7

What type of financial institution is CIBC Capital Markets Europe?

Accepted Answer

CIBC Capital Markets Europe is a credit institution (CRDCREINS) operating as an investment banking subsidiary under Luxembourg banking law. The bank is authorized and supervised by the Commission de Surveillance du Secteur Financier (CSSF) and participates in Luxembourg's Fonds de garantie des dépôts Luxembourg (FGDL), which protects eligible deposits up to 100,000 EUR per depositor. As an investment bank, it primarily serves eligible counterparties and professional clients under MiFID II/MiFIR regulations, focusing on institutional and corporate banking rather than retail services.

CIBC Capital Markets Europe

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