Atlantic Trust relocates growing Newport Beach office

NEWPORT BEACH, Calif., June 13, 2016 /PRNewswire/ - Atlantic Trust, the U.S. private wealth management division of CIBC (NYSE: CM) (TSX: CM), today announced that it has moved its Newport Beach office from MacArthur Court to the city's Fashion Island shopping area.

The new office, located at 520 Newport Center Drive, provides room for expansion as the firm looks to meet the growing demand for its services and deepen its capabilities in Orange County and surrounding areas.

"The primary purpose of our move is to provide additional space for our rapidly growing team," said Andrew J. Lang, CFA, managing director and head of the Newport Beach office. "We also chose the new office for the ease of access it provides for our clients."

"Our expanded footprint in Newport Beach allows us to further build upon the great foundation and brand of Atlantic Trust," said Eric B. Propper, CFA, Atlantic Trust President. "The new office follows a period of impressive growth for our firm in the region, and we look forward to further expanding our capabilities on behalf of our clients."

Over the last 12 months, the Newport Beach office added three professionals to its team of wealth strategies and investment experts, increasing the number of professionals in that office to nine:

• Patrick R. O'Day, CFA, CAIA, senior relationship manager and senior vice president
• Martin I. Ortiz, senior client service manager and senior associate
• Tommy A. Vu, client analyst and associate

The growth of the Newport Beach office reflects a similar trend across the firm. Nationally, Atlantic Trust hired 28 professionals in the past year.

Additionally, the firm opened a new office in West Palm Beach, Fla., last year and relocated its headquarters office from Midtown Atlanta to the city's Buckhead neighborhood earlier this year as the firm also looks to expand its presence in the Southeast.

"We are seeing a significant increase in demand for high-quality, professional wealth advice in key money centers—including Newport Beach—throughout the United States," says Jack Markwalter, Atlantic Trust chairman and CEO. "We are committed to growing our business and continuing to provide expertise and best-in-class service for our clients and for affluent individuals and families, foundations and endowments in these markets."

This year, Atlantic Trust received two awards from Family Wealth Report:

• Leading individual (multi-family office) to David L. Donabedian, CFA, chief investment officer
• Multi-family office (client initiative) for the firm's G2G Impact, Women's CIRCLE and internal legacy training initiatives

Additionally, the firm was highly commended in the private client investment platform category.

Atlantic Trust was also named Best Private Wealth Manager—Overall by Private Asset Management (PAM), a leading financial services trade publication, earlier this year.

Disclosure

• 2016, Family Wealth Report, "Multi-Family Office (Client Initiative)": Atlantic Trust was one of five firms shortlisted and the only firm to receive this award. The award recognizes new initiatives for clients from multi-family offices of any size or reach.
• 2016, Family Wealth Report, "Leading Individual (Multi-Family Office)": David Donabedian was one of three candidates shortlisted and the only recipient of this award. The award recognizes an individual working in the private client world.
• 2016, Family Wealth Report, "Private Client Investment Platform"— Highly Commended: Atlantic Trust was one of five firms shortlisted for this award and the only firm to be recognized as "highly commended" in this category. The award recognizes investment platforms specializing in servicing the investment needs of the high net worth community.
• 2016, Private Asset Management (PAM), "Best Private Wealth Manager—Overall": PAM annually invites firms to compete for awards in several categories that are reviewed by a panel of independent industry experts. PAM considers the following criteria when selecting the winners of these awards:
  -         Financial progress: Candidates must be able to demonstrate performance track records over the course of the last 12 months.
  -         Growth: Client numbers, internal hires and geographic expansion
  -         Client satisfaction: Provide evidence of client satisfaction
  -         Product innovation: Details of new services and products launched over the course of the year prior to the year the award is given
  
  Eight firms were shortlisted for this award. For more information, visit pammagazine.com.

About Atlantic Trust
Atlantic Trust is one of the nation's leading private wealth management firms, offering integrated wealth management for high net worth individuals, families, foundations and endowments. The firm considers clients' financial, trust, estate planning and philanthropic needs in developing customized asset allocation and investment management strategies. Experienced professionals deliver a broad range of solutions, including proprietary investment offerings and a robust open architecture platform of traditional and alternative managers. The firm has achieved 35 straight quarters of growth coming from clients adding assets to their existing accounts and from new business. Atlantic Trust operates in 13 full-service locations throughout the U.S., with 306 employees nationwide and $26.8 billion in assets under management as of March 31, 2016. For more information, visit www.atlantictrust.com.

About CIBC
CIBC is a leading Canadian-based global financial institution. Through our Retail and Business Banking, Wealth Management and Capital Markets businesses, CIBC provides a full range of financial products to individual, small business, commercial, corporate and institutional clients in Canada and around the world. CIBC acquired Atlantic Trust, a premier U.S. private wealth management firm, in January 2014. You can find other news releases and information about CIBC in our Media Centre on our corporate website at www.cibc.com.

SOURCE Atlantic Trust Private Wealth Management