There's a new head of the equity trading desk at CIBC World Markets in New York, as RBC Dominion Securities veteran Michael Cioffi joins the firm.
Mr. Cioffi was named on Tuesday as managing director and New York-based head of U.S. cash equities sales trading at the investment dealer arm of CIBC. He will start in September after a gardening leave.
Mr. Cioffi had the same role at RBC Dominion's in New York. The head of CIBC World Market's equity desk in Toronto, James Beattie, also spent the first part of his career at RBC Dominion.