Taking aim at some of the most important users of junk bonds, Canadian Imperial Bank of Commerce has hired a high-profile banker with ties to some of the largest leveraged-buyout shops.

Canada's second-largest bank has snared Patrice Daniels from Bankers Trust New York Corp. to work in its nascent financial buyers banking group. Ms. Daniels, who has worked extensively with Stonington Partners and other well-known LBO firms, is set to join the Canadian bank's Los Angeles office on Monday, where she will report to managing director Bruce Raben.

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