CIBC Wood Gundy Securities Corp., New York, has appointed J. David Crammond as head of U.S. fixed income trading.

Based in New York, Mr. Crammond will oversee the Canadian Imperial Bank of Commerce affiliate's fixed income and Yankee bond trading, and its expanding U.S. government securities unit.

He is also a vice president and director of Wood Gundy Inc., the investment unit's Toronto-based parent.

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