NEW YORK - Canadian Imperial Bank of Commerce has hired six derivatives specialists, including former executives of Bankers Trust New York Corp. and Chemical Banking Corp.

Hal Holappa, formerly of Bankers Trust, will specialize in credit derivatives at the Toronto-based bank's Wood Gundy Financial Products Unit headquarters here. Kathy Ryan, the former Chemical executive, will focus on German corporate accounts from the unit's London office.

Also hired were Alexader Bakal, formerly of Goldman, Sachs & Co., Terrence Ganser from Merrill Lynch, John Kattan from Bank of Montreal, and David Wagner from Prudential Securities Inc.

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