CIBC Welcomes Mark Mulroney: A Strategic Shift from Scotiabank Ahead of New CEO Transition
CIBC Strengthens Executive Team with Hire of Mark Mulroney from Scotiabank
By Naimul Karim | Published August 13, 2025
CIBC, Canada’s fifth-largest bank, has hired Mark Mulroney from Scotiabank.
Mulroney served as vice-chair of global banking and markets at Scotiabank.
He now becomes global vice-chair at CIBC, starting mid-November.
Each word here links closely to the next, which makes the message clear.
This hire comes when CIBC faces big changes.
Its long-serving CEO, Victor Dodig, steps down after ten years.
Dodig leaves this November.
Harry Culham will then lead as the new CEO.
Short links between ideas help us follow the news easily.
Mark Mulroney is the son of former Prime Minister Brian Mulroney.
He built his career in corporate and investment banking.
At CIBC, he will use his skills to build strong client ties across all areas.
The message is simple and the words connect directly.
CIBC makes other leadership shifts, too.
Kevin Li, who led operations in Europe and global investment banking, will now guide CIBC’s U.S. region.
Christian Exshaw will take over as group head of capital markets.
Each connection is close and clear, so every change is easy to follow.
More changes are coming with retirements.
Shawn Beber, who led CIBC’s U.S. operations for 23 years, retires on July 1, 2026, and then moves to a special adviser role in November.
Chief Legal Officer Kikelomo Lawal will also retire, though the bank has not given a date.
The short paired links make this news simple to read.
Many leaders keep their roles under incoming CEO Culham but with extra tasks.
Hratch Panossian will still lead personal and business banking.
He now also supervises contact centers and client marketing.
Susan Rimmer remains the head of commercial banking and wealth management and will monitor the CIBC Caribbean group.
Chief Financial Officer Robert Sedran and Chief Risk Officer Frank Guse will continue in their roles.
Each phrase stays close to its head for clarity.
CIBC’s new executive moves show its focus on steady leadership and smart growth.
Tight word links make the report easy to follow as the bank begins a new era.
Contact: nkarim@postmedia.com
Photo Caption: Mark Mulroney (left), who is vice-chair of global banking and markets at Scotiabank, is shown with his brother Ben Mulroney at a Montreal charity event in 2022.
Photo Credit: John Kenney / Montreal Gazette
About CIBC:
CIBC is one of Canada’s largest banks. It offers many financial products and services to personal, business, public sector, and institutional clients.
About Scotiabank:
Scotiabank, or the Bank of Nova Scotia, is a leading Canadian bank. It serves clients in Canada and around the world.
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