TORONTO - 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 ...
01-08-2018, 06:15 PM
CIBC acquires tech savvy Wellington Financial
TORONTO - 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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