Adding another team of specialists to its rapidly growing U.S. investment banking unit, Canadian Imperial Bank of Commerce has hired an 18-member U.S. government securities team from S.G Warburg.

The team, headed by Robert Giordano, will be based in New York and will help expand the U.S. government securities business, including repo financing, trading in securities, futures, and options at Wood Gundy Corp., Canadian Imperial's U.S. investment dealer subsidiary.

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