Holger kluge biography of donald

Canadian Imperial Bank of Commerce, known for infighting when picking its leader, is considering breaking a century of banking tradition by looking for an outsider instead. Shareholders are wary of the uncertainty. Choosing an outsider could head off a fight and the defections that follow — or further rile the troops. Even though internal hires are generally considered the safer route, the bank has suffered an exodus of talent after previous CEO changes.

CIBC has two internal candidates to succeed McCaughey: David Williamson, head of personal and commercial banking, and Victor Dodig, who oversees wealth management, according to a person with direct knowledge of the matter who requested anonymity. Each named a successor at the same time and each of them came from within the bank. Get the latest headlines, breaking news and columns.

Holger Kluge has made his mark on the Canadian finance and business scene during his year career.

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In , following the appointment of Al Flood as chairman and chief executive of the bank, Hunkin became, along with Holger Kluge, one of the bank's two divisional presidents.

Please try again. Canadian banks have historically promoted leaders from within. The last time Royal Bank went outside the company for a top executive was in , when it appointed industrialist Herbert Holt on the death of Thomas Kenny, who had lead the lender from Some banks have reached beyond their ranks to recruit senior executives who later took the helm.