Victor Dodig

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Victor Dodig
BornMay 1965 (1965-05) (age 60)
Toronto, Ontario
Education University of Toronto (BCom '88)
Harvard University (MBA '94)
Occupation Banker
Known forPresident of the Canadian Imperial Bank of Commerce
SpouseMaureen Broe
Children4

Victor George Dodig (born May 1965) is a Canadian banker who has been the president of the Canadian Imperial Bank of Commerce since September 2014.

Contents

Dodig began his career in 1994 with McKinsey & Company, then from 1997 to 2002 worked for Merrill Lynch. In 2002 he joined UBS in Toronto. Dodig was hired by CIBC in 2005 as an executive vice-president. In 2014, he succeeded Gerald T. McCaughey to become the bank's president.

Early years and education

Victor George Dodig was born in Toronto in May 1965 to Veselko Dodig (1930–2015) and Janja Dodig. His parents were ethnic Croats who had immigrated to Canada from SR Bosnia and Herzegovina in 1961. Dodig attended University of St. Michael's College, University of Toronto and graduated with a bachelor of commerce degree in 1988.

In 1985 he began a part-time job as a customer service representative at the now-defunct CIBC branch at Fieldgate Plaza in Mississauga. He was hired by Josie DiGiacinto and worked Thursday and Friday evenings and full days Saturday for the next three years. [1] After university, Dodig interned at Arthur Andersen, where a partner encouraged him to pursue a master of business administration. Dodig went subsequently to Harvard Business School and in 1994 earned an MBA. [2]

Career

Dodig began his career in 1994 with McKinsey & Company as a managing consultant. In 1997, he joined Merrill Lynch as managing director for Canada, the United States, and United Kingdom. Dodig returned to Toronto in 2002 when he was hired by UBS as managing director and chief executive officer in Canada for the bank's global asset management division. [3]

In 2005, Dodig was appointed executive vice-president for wealth management with CIBC, [4] and in 2007 executive vice-president for retail distribution. In 2011 he was appointed group head for the wealth management division. [5] On September 15, 2014, Dodig was appointed president of the bank, succeeding Gerald T. McCaughey, who had held the office since 2004. In 2019, Dodig's younger brother Edward became head of CIBC's private wealth division. [6]

In March 2025, the bank announced that Dodig would retire as president on October 31, 2025. Harry Kenneth Culham was appointed as his successor. [7]

Personal life

While a student at Harvard, Dodig met his wife Maureen Broe. They have four children. [8]

References

  1. ↑ Rod McQueen, A History of The Canadian Imperial Bank of Commerce: Volume 5, 1973–1999 , (ECW Press, 2021), 65.
  2. ↑ James Bradshaw, "Victor's vision: How CIBC's CEO is revamping Canada's No. 5 bank," Globe and Mail, (1 October 2018).
  3. ↑ The International Who's Who 2017, (Routledge, 2016), 572.
  4. ↑ "Top executive leaves in CIBC shakeup," Toronto Star, (12 April 2005), C1.
  5. ↑ Madhavi Acharya-Tom Yew, "CIBC shakes up senior management," Toronto Star, (29 March 2011), B2.
  6. ↑ Clare O'Hara, "Ed Dodig aims to expand CIBC's private wealth arm," Globe and Mail, (26 July 2021).
  7. ↑ Andrew Willis, "CIBC names Harry Culham its next CEO as Victor Dodig plans to retire in October," Globe and Mail, (13 March 2025).
  8. ↑ Dianne Rinehart, "Victor Dodig, 40," Globe and Mail, (3 May 2005), T5.
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