Since Canadian Imperial Bank of Commerce announced its intention last spring to build a full-fledged investment bank, the Toronto-based institution has been recruiting veteran executives to make it happen.

Take Thomas Kielty, the $112 billion-asset bank's senior vice president in charge of global technology since last June. Mr. Kielty, who most recently worked at Daiwa Securities, has also had stints at J.P. Morgan & Co., CS First Boston, and Bankers Trust New York Corp.

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