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Significant subsidiaries
12 Months Ended
Oct. 31, 2021
Text Block [Abstract]  
Significant subsidiaries
Note  27
 
Significant subsidiaries
 
The following is a list of significant subsidiaries in which CIBC, either directly or indirectly, owns 100% of the voting shares, except where noted.
 
$ millions, as at October 31, 2021
 
Subsidiary name
(1)
 
Address of head
or principal office
   
Book value of
shares owned
by CIBC
 
 
 (2)
 
     
Canada and U.S.
 
 
 
 
 
 
CIBC Asset Management Inc.   Toronto, Ontario, Canada  
$
  444
 
CIBC BA Limited   Toronto, Ontario, Canada  
 
 (3)
 
CIBC Bancorp USA Inc.   Chicago, Illinois, U.S.  
 
9,331
 
Canadian Imperial Holdings Inc.
  New York, New York, U.S.        
CIBC Inc.
  New York, New York, U.S.        
CIBC World Markets Corp.
  New York, New York, U.S.        
CIBC Bank USA
  Chicago, Illinois, U.S.        
CIBC Private Wealth Group, LLC
  Atlanta, Georgia, U.S.        
CIBC Delaware Trust Company
  Wilmington, Delaware, U.S.        
CIBC National Trust Company
  Atlanta, Georgia, U.S.        
CIBC Private Wealth Advisors, Inc.
  Chicago, Illinois, U.S.  
 
 
 
CIBC Investor Services Inc.   Toronto, Ontario, Canada  
 
25
 
CIBC Life Insurance Company Limited   Toronto, Ontario, Canada  
 
23
 
CIBC Mortgages Inc.   Toronto, Ontario, Canada  
 
230
 
CIBC Securities Inc.   Toronto, Ontario, Canada  
 
2
 
CIBC Trust Corporation   Toronto, Ontario, Canada  
 
591
 
CIBC World Markets Inc.   Toronto, Ontario, Canada  
 
306
 
CIBC Wood Gundy Financial Services Inc.
  Toronto, Ontario, Canada        
CIBC Wood Gundy Financial Services (Quebec) Inc.
  Montreal, Quebec, Canada  
 
 
 
INTRIA Items Inc.   Mississauga, Ontario, Canada  
 
100
 
     
International
 
 
 
 
 
 
CIBC Australia Ltd   Sydney, New South Wales, Australia  
 
19
 
CIBC Capital Markets (Europe) S.A.   Luxembourg  
 
550
 
CIBC Cayman Holdings Limited   George Town, Grand Cayman, Cayman Islands  
 
1,742
 
CIBC Cayman Bank Limited
  George Town, Grand Cayman, Cayman Islands        
CIBC Cayman Capital Limited
  George Town, Grand Cayman, Cayman Islands        
CIBC Cayman Reinsurance Limited
  George Town, Grand Cayman, Cayman Islands  
 
 
 
CIBC Investments (Cayman) Limited   George Town, Grand Cayman, Cayman Islands  
 
2,820
 
FirstCaribbean International Bank Limited (91.7%)
  Warrens, St. Michael, Barbados        
FirstCaribbean International Bank and Trust Company (Cayman) Limited (91.7%)
  George Town, Grand Cayman, Cayman Islands        
CIBC Fund Administration Services (Asia) Limited (91.7%)
  Hong Kong, China        
FirstCaribbean International Bank (Bahamas) Limited (87.3%)
  Nassau, The Bahamas        
Sentry Insurance Brokers Ltd. (87.3%)
  Nassau, The Bahamas        
FirstCaribbean International Bank (Barbados) Limited (91.7%)
  Warrens, St. Michael, Barbados        
FirstCaribbean International Finance Corporation (Leeward & Windward) Limited (91.7%)
  Castries, St. Lucia        
FirstCaribbean International Securities Limited (91.7%)
  Kingston, Jamaica        
FirstCaribbean International Bank (Cayman) Limited (91.7%)
  George Town, Grand Cayman, Cayman Islands        
FirstCaribbean International Finance Corporation (Netherlands Antilles) N.V. (91.7%)
  Curacao, Netherlands Antilles        
FirstCaribbean International Bank (Curacao) N.V. (91.7%)
  Curacao, Netherlands Antilles        
FirstCaribbean International Bank (Jamaica) Limited (91.7%)
  Kingston, Jamaica        
FirstCaribbean International Bank (Trinidad and Tobago) Limited (91.7%)
  Maraval, Port of Spain, Trinidad & Tobago        
FirstCaribbean International Trust Company (Bahamas) Limited (91.7%)
  Nassau, The Bahamas        
FirstCaribbean International Wealth Management Bank (Barbados) Limited (91.7%)
  Warrens, St. Michael, Barbados  
 
 
 
CIBC World Markets (Japan) Inc.   Tokyo, Japan  
 
48
 
 
(1)
Each subsidiary is incorporated or organized under the laws of the state or country in which the principal office is situated, except for Canadian Imperial Holdings Inc., CIBC Inc., CIBC Capital Corporation, CIBC World Markets Corp., CIBC Private Wealth Group, LLC, CIBC Private Wealth Advisors, Inc., and CIBC Bancorp USA Inc., which were incorporated or organized under the laws of the State of Delaware, U.S.; CIBC National Trust Company, which was organized under the laws of the U.S.; and CIBC World Markets (Japan) Inc., which was incorporated in Barbados.
(2)
The book value of shares of subsidiaries is shown at cost and may include non-voting common and preferred shares. These amounts are eliminated upon consolidation.
(3)
The book value of shares owned by CIBC is less than $1 million.
In addition to the above, we consolidate certain SEs where we have control over the SE. See Note 7 for additional details.