CIBC said Kassies departure has nothing to do with the firms recent regulatory troubles and that he left to "focus on other interests." McCaughey was approved by board and takes the helm immediately.
Earlier this week Paul Flynn, a former managing director of CIBCs equity trading desk, was
McCaughey, 47, began his career as an account executive at Merrill Lynch in 1981.
The insurance products began 2024 in much the same way as 2022 and 2023: with record-breaking sales.
Are clients' savings working for them? How to best guide them on the pros and cons of Roth IRAs and other savings programs.
Financial advisors, tax professionals and their clients get another year to think through potential tax, distribution and trust strategies, according to experts.
The Wall Street giant has been moving away from providing in-house retail investment advice to finding ways it can support smaller firms.
The IRS and the Treasury released final regs on the tax credits, with specific rules for partnerships and S corporations.
Here's how commenters such as the AARP, SIFMA, FSI, the Consumer Federation, NAPFA, the CFP Board and others view the Department of Labor's retirement advice regulation.
