CIBC Appoints Usher SVP of Innovation Banking

CIBC Innovation Banking appointed Mark Usher senior vice president of innovation banking as well as president and executive managing director, effective Feb. 28, taking on the role currently held by Mark McQueen, who is departing to start the next chapter of his career.

Under McQueen’s leadership, CIBC Innovation Banking has become a financial services provider to entrepreneurs and investors in the North American innovation economy. Building CIBC Innovation Banking from the ground up to 14 offices globally today, McQueen and his team have been instrumental in helping execute on our client-focused strategy and positioning this business well for the future.

“Mark’s deep passion for his work leaves an indelible mark on the many clients he has helped to achieve their ambitions,” Jon Hountalas, group head, Canadian banking at CIBC, said. “We wish him all the best as he takes on new adventures.”

Usher joined CIBC with the acquisition of Wellington Financial in 2018 where he has served as a key member of the leadership team and has been pivotal in building the innovation banking business. He brings more than 25 years of financial services and innovation economy experience to this role, including deep relationships with many of CIBC’s existing clients and industry stakeholders.

“Mark has a proven track record and has established himself as a dedicated and client-focused leader who is well-positioned to continue to build our business in the innovation ecosystem on both sides of the border,” Hountalas said.

“I look forward to working with our team to help our clients achieve their ambitions in the innovation ecosystem,” Usher said. “We’re proud of the relationships we’ve built together in the five years since CIBC and Wellington Financial came together, and our entire team is committed to delivering for our clients as we move forward.”

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