Former Canadian Ambassador David MacNaughton Joins CIBC as Strategic Advisor

David MacNaughton Joins CIBC as Strategic Advisor

On January 5, 2026, CIBC made a notable announcement that David MacNaughton has accepted the position of Strategic Advisor at the bank. This strategic appointment aims to enrich the Office of the CEO, where MacNaughton will lend his expertise in public policy, regulatory issues, and stakeholder relations, all critical components for enhancing the bank’s client relations.

MacNaughton, recognized as a significant figure in Canada’s business landscape, is well-versed in diplomatic and strategic operations. He notably served as Canada’s Ambassador to the United States from 2016 to 2019, a period marked by vital trade negotiations, including the renegotiation of the North American Free Trade Agreement (NAFTA). His adeptness in navigating complex international relationships underscores the invaluable perspective he brings to CIBC, especially in a world where global trade dynamics are continuously evolving.

In his new role, MacNaughton will collaborate closely with CIBC’s diverse group of Vice-Chairs, providing clients with deep insights into strategic growth opportunities, ensuring they can adapt and thrive amidst an ever-changing economic landscape. Harry Culham, President and CEO of CIBC, emphasized that MacNaughton's informed outlook on pivotal issues will greatly benefit their clientele, aiding in their growth trajectories. Culham expressed that MacNaughton's understanding of global trade will facilitate a more client-focused growth strategy as they navigate through increasingly complex challenges.

Throughout his career, MacNaughton has held significant roles influencing key policy discussions. As Chairman of StrategyCorp, he assisted various organizations in grasping public policy shifts and aligning them with stakeholder needs effectively. His experience and network are set to provide CIBC’s customers with unmatched strategic insights as they pursue fresh opportunities.

This strategic advisory role is a crucial aspect of CIBC’s ongoing commitment to solidifying its position as a leading client-focused financial institution. The formation of this office is designed to foster high-level collaboration among seasoned leaders to enhance the support delivered to important client relationships. The aim is not only to identify growth opportunities but also to equip clients with unparalleled resources that will enable them to flourish, creating a robust economic future for all stakeholders.

As businesses face unprecedented challenges, CIBC stands committed to aligning its resources with the needs of its clients. By leveraging the insights and experience of industry leaders like MacNaughton, the bank aims to create more value for its clients while adapting to a rapidly changing financial environment. The strategic focus on client relations and stakeholder engagement positions CIBC uniquely in the industry, as they navigate through these transformative times.

This strategic build-out is pivotal as the bank aims to provide clients with direct access to expert advice at a time when informed decision-making is critical for business success. CIBC, with its extensive network and digital banking solutions, is poised to continue leading as a trusted financial partner, committed to client success and innovative growth.

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