Victor Dodig was named executive vice president of wealth management at Canadian Imperial Bank of Commerce, effective April 25, said spokesman Robert Waite. Mr. Dodig replaces Sonia Baxendale, who was appointed senior executive, vice president of retail markets. The bank is changing its organizational structure, and CIBC's wealth management division will include TAL Global Asset Management and CIBC's Asset Management businesses. Mr. Dodig was CEO of UBS Global Asset Management's asset management business in Canada and head of North American institutional investments. UBS named two executives to temporarily fill Mr. Dodig's positions, said spokesman Peter Casey. Kai Sotorp, head of UBS Global Asset Management in the Americas, will take on Mr. Dodig's institutional responsibilities in both the United States and Canada, and Michael Wilson, chairman of UBS in Canada, will assume day-to-day responsibilities of the asset management business there.
Peter J. Gunas was named director of retirement security and tax policy at the Investment Company Institute. Part of the position is new; he also is assuming the tax policy duties of Michael Stern, who retired in 2004. Mr. Gunas will report to Leslie Kramerich, head of government affairs for retirement security and tax policy at the mutual fund industry trade association. Mr. Gunas was previously counselor to Bradley Belt, executive director of the PBGC. Gary Pastorius, PBGC spokesman, said information on Mr. Gunas' replacement was not available.
Simon Chinnery was appointed client adviser in the U.K. institutional team at JPMorgan Fleming Asset Management in London; he will start at the end of the month, said JPMorgan Fleming spokeswoman Emma Collin. It is a new position. Mr. Chinnery was head of U.K. institutional business at ABN AMRO Asset Management, which plans to hire a replacement, said Dermot Keegan, U.K. country head, institutional business.