CIBC Levfin Team Toronto?

Based on the most helpful WSO content, the CIBC Leveraged Finance (LevFin) team in Toronto operates under their commercial banking arm. Here's what you need to know:

1. Structure and Focus:

   • The team handles leveraged loans of all sizes, primarily on their balance sheet.
   • They also manage subordinated/mezzanine debt on the same platform.
   • Unlike some other banks, CIBC does not have a capital markets LevFin group arranging Term Loan Bs (TLBs) in Canada. This function is covered by their Debt Capital Markets (DCM) desk in NYC.

2. Culture:

   • While specific cultural details for the LevFin team aren't explicitly mentioned, CIBC's broader culture in Calgary and Toronto is described as decent but leaning towards the harder-working side.
   • The bank is known for having a professional environment with a focus on delivering results.

3. Compensation:

   • Compensation specifics for the LevFin team aren't detailed, but given its integration with the commercial banking arm, it may not align with traditional investment banking pay scales. Bonuses and overall comp could be more modest compared to IB-focused LevFin teams.

If you're in the hiring process, it might be worth asking directly about team dynamics, deal flow, and how compensation is structured relative to performance. Good luck!

Sources: DCM and LevFin in Canada, JP Morgan Corporate Client Banking and Specialized Industries Salary + Bonus, Career Progression, Citibank in Calgary?, TD Securities Culture??!