CIBC Asset Management (CAM) has expanded its portfolio management team and capabilities with the addition of resource manager Scott Vali.
Vali joins CAM as vice president equities, portfolio manager. He will be lead manager for CIBC Precious Metals Fund, CIBC Canadian Resources Fund, CIBC Energy Fund and Renaissance Global Resource Fund as CAM assumes portfolio management responsibilities for the funds effective 11 August.
Lawrence Smith, vice president equity research, mining specialist, will co-manage the CIBC Precious Metals Fund and Brian See, vice president equity research, energy specialist, will co-manage the CIBC Energy Fund.
"We are very pleased to have Scott on our team and to be broadening our capabilities in an important segment of the investment landscape," says Steve Geist, president and CEO, CIBC Asset Management. "This significantly strengthens our resource-based offer to Canadian retail investors as well as creates expanded opportunities for our institutional clients globally."
Vali has over 13 years portfolio management experience. Prior to joining CAM, Vali was vice president, portfolio manager with CI Investments.