CIBC Atlantic Trust Private Wealth Management is joining CIBC’s broader North American wealth management businesses to operate under the CIBC Private Wealth Management name, the bank announced Monday.
The move continues the bank’s plans to build on its U.S. platform. The bank’s U.S. private wealth business now manages and administers more than $52 billion in assets in 19 cities across the U.S.
In addition, several legal entities will be renamed. Atlantic Trust Company N.A. will be known as CIBC National Trust Company; Atlantic Trust Company of Delaware as CIBC Delaware Trust Company, and AT Investment Advisers Inc. as CIBC Private Wealth Advisors, Inc., all of which are wholly owned subsidiaries of CIBC Private Wealth Group LLC.
“Our CIBC Atlantic Trust team joins our CIBC colleagues under a name that is known for client-first focus and a commitment to delivering the highest-quality client experience,” said Jack Markwalter, CEO, CIBC Private Wealth Management for the U.S. “As one CIBC, our clients will have the same team with access to the deep resources of one of North America's strongest banks.”
