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Foreign Exchange

FX people moves: Strategy and solutions for CIBC

Jeremy Stretch, previously senior currency strategist at Rabobank, will join CIBC in late July as head of FX strategy in the bank’s macro strategy team.

Stretch will focus primarily on developing tactical trade ideas involving major currencies, as well as on cross-product analysis for internal users and CIBC clients. He will be based in London and will report to Joanna Zapior, who heads the macro strategy team from Toronto, and locally to Mark Sweeting, European head of the financial solutions group.

In Toronto, CIBC has hired Douglas Jones, previously at RBC. Jones will be an executive director in CIBC’s corporate solutions group, which provides FX, interest rate and commodity risk management solutions globally to the bank’s corporate and government clients.

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