Let’s find out ‘What Is CIBC New Chief Jon Hountalas Current Salary?’ As the new CEO of CIBC, Jon Hountalas earns a compensation of about $3.45 million annually. Jon Hountalas has a lucrative career and makes a solid living.
In Canada, Jon is in charge of the teams for commercial banking and wealth management. He has held a number of positions with CIBC for more than ten years.
He graduated from McGill University with a business administration master’s and a bachelor’s in commerce. He collaborates with the Loran Scholars Foundation as well.
What Is CIBC New Chief Jon Hountalas Current Salary?
The annual pay for Jon Hountalas‘ new job as head of Canadian banking is $3,458,880.
His income has significantly climbed to seven figures per year due to his new position inside the organization.
Jon was selected as the new Senior Executive Vice-President and Group head following Laura Dottori’s resignation from her position as the previous leader. Laura Dottori had previously worked in the financial services’ Personal and Business Banking Team.
He is the CEO of the Canadian Imperial Bank of Commerce’s Personal and Business Banking, Commercial Banking, and Wealth Management divisions (CIBC).
On January 13, 2023, Bloomberg tweeted that Laura Dottori-Attanasio had been replaced as head of Canadian banking by Jon Hountalas, and that Canada’s banking sector had lost one of its highest-ranking female executives as a result of the management move.
Jon Hountalas succeeded Laura Dottori-Attanasio as the new head of Canadian banking at CIBC. One of the highest-ranking female executives in Canadian banking is lost as a result of the management transition. https://t.co/BD5uTkYQpU
4:14 PM ยท Jan 13, 2023
Victor Dodig, the CEO of CIBC, said that Jon was a superb leader with a track record of strong commercial performance.
He is known for building close, lasting relationships with his clients since he is so focused on them.
Dodig continued by saying that he was qualified for the position of CEO of the Canadian Banking division because of his expertise in the field, good judgment, and capacity to build and manage high-performing teams.
Know More About Jon Hountalas Career
The newly appointed CIBC CEO, Jon Hountalas, started working for the organization in 2010.
When Hountalas joined the organization in 2010, he was an Executive Vice-President of Business Banking, a position that rose in seniority within the company. After five years, in 2015, he added corporate banking to his list of responsibilities.
The official CIBC Twitter account announced that Jon Hountalas named the Best Managed judge for Canada’s Best Managed Companies in November 2012.
He spent seven years working with CIBC before being named Senior Executive Vice-President and Group Head in 2017, where he oversees the Commercial Banking and Wealth Management Team in Canada.
The team, led by the head, primarily concentrates on increasing the business’s net worth and making the client’s aspirations a reality.
He spent 25 years in various client-facing and executive positions at The Hongkong and Shanghai Banking Corporation Limited (HSBC) Canada before joining CIBC.
Jon Hountalas At National Bank Financial Services Conference
At the National Bank Financial Services Conference, Senior Executive Vice President Jon Hountalas gave a speech.
At the 20th National Bank Financial Markets 20th annual financial services conference in Montreal, Canada, the head of CIBC’s Commercial Banking and Wealth Management was scheduled to speak, according to Yahoo Finance.
The conference was slated to take place on Tuesday, March 22, 2022, from 10.30 a.m. to 10.55 a.m. Eastern Time, lasting approximately 25 minutes.
CIBC also provided a live audio webcast of the conference, and the archived version is still accessible on the company’s website.
On March 27, 2019, in Montreal, Jon also gave a speech at the 17th Annual Financial Services Conference.
