(Bloomberg) -- Canadian Imperial Bank of Commerce hired Margaret Dellafera as head of its new US residential credit business in the Toronto-based bank’s latest push to expand its American offerings.
Dellafera was previously a managing director at Atlas SP Partners in New York, where she oversaw residential mortgage origination. At CIBC, she will build out its residential mortgage financing services, the bank announced Monday.
Dellafera will report to Brad Larson, head of global credit financing for the US region.
“A highly respected industry veteran with a strong track record in the US residential mortgage business, Margaret brings extensive leadership experience to our bank,” Larson said in a statement.
CIBC hired Holden Keating as the team’s executive director in October. Keating, who was vice president of securitized products at Atlas SP, will report to Dellafera, as he did when they worked at Atlas.
The hires continue CIBC’s US market expansion. In July, the bank recruited BNP Paribas veteran Patrick McKee to lead its US structured credit sales team. Before that, the lender hired Barclays Plc banker Brad Aston for its US leveraged finance team in May.
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