CIBC has appointed former Canadian Ambassador to the United States David MacNaughton as a Strategic Advisor, adding a senior public-policy and cross-border trade voice to the bank’s recently established Office of the CEO.
In the role, MacNaughton will advise senior business leaders across public policy, regulatory developments, and stakeholder relations, while also working alongside CIBC’s vice-chairs to support strategic client relationships and help clients assess growth opportunities amid shifting market and policy conditions.
MacNaughton is a veteran diplomat and business advisor who served as Canada’s ambassador to the U.S. from 2016 to 2019, a period that included the renegotiation of the North American Free Trade Agreement. CIBC said his experience navigating cross-border relations and trade dynamics will complement its client-focused growth strategy across Canada and the U.S.
Before joining CIBC, MacNaughton served as chairman of StrategyCorp, where he worked with organizations on public policy and stakeholder engagement. CIBC positioned the appointment as part of a broader build-out of its Office of the CEO, which it says is designed to provide enterprise-wide coordination and higher-touch advisory support for the bank’s most important clients and partners.
KEY QUOTES
“David’s highly informed perspective on the key issues that are shaping the operating environment of tomorrow will be of strategic value to our bank as we work alongside our clients to help them achieve their growth ambitions. His unmatched insights in areas such as global trade and public policy will support our team in executing on our client-focused growth strategy across borders, and will help our clients navigate a complex environment with greater certainty and success.”
“Our strategic build-out of the Office of the CEO is aimed at furthering CIBC’s position as the most client-focused bank in the industry and delivering an unparalleled experience in helping strategic clients and partners identify opportunities and grow their business. I’ve met with hundreds of clients in recent months from all sectors of our economy, and it’s clear from those conversations that we’re at a pivotal moment in our nation’s history. As we make generational investments to shape our economic future, our team will work alongside our clients to ensure they have unparalleled access to the insight and experience that will enable them to succeed and create a more prosperous economic future.”
Harry Culham, President And CEO, CIBC
