CIBC acquires tech savvy Wellington Financial

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http://img-s-msn-com.akamaized.net/tenant/amp/entityid/BBI5wxQ.img?h=100&w=100&m=6&q=60&o=f&l=fTORONTO - CIBC has signed a deal to acquire Wellington Financial as part of its plan to grow its business in the fast-moving technology sector. Financial terms of the deal were not immediately available. The specialty finance firm will become part of CIBC Innovation Banking, a new business for the big bank (TSX:CM) focused on providing strategic advice and funding to technology sector clients. Wellington Financial chief executive Mark McQueen will ...

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