Jon Hountalas receives a salary of around $3.45 million a year as the new CEO of CIBC. Jon has a successful career and earns a respectable income.
Jon is in charge of Canada’s wealth management and commercial banking teams. He has worked for CIBC for more than ten years in various roles.
He received a bachelor’s in commerce and a master’s in business administration from McGill University. He also works together with the Loran Scholars Foundation.
Jon Hountalas Earnings, Salary And Net Worth
The new position of head of Canadian banking for Jon Hountalas pays an annual salary of $3,458,880.
Because of his new job within the company, his annual salary has gone up by a lot to seven figures.
Following Laura Dottori’s retirement as the previous leader, Jon was chosen as the new Senior Executive Vice-President and Group leader. Laura Dottori previously worked for the Financial Services Personal and Business Banking Team.
He oversees the Personal and Business Banking, Commercial Banking, and Wealth Management businesses of the Canadian Imperial Bank of Commerce (CIBC).
On January 13, 2023, Bloomberg tweeted that Jon Hountalas had succeeded Laura Dottori-Attanasio as head of Canadian banking and that as a result of the management change, the banking industry in Canada has lost one of its highest-ranking female executives.
Because he is so focused on them, he is known for developing strong, long-lasting relationships with his customers.
Dodig stated that his experience in the industry, sound judgment, and ability to develop and lead high-performing teams made him a competent candidate for the role of CEO of the Canadian Banking division.
Career of Jon Hountalas
Jon Hountalas, the recently named CIBC CEO, joined the company in 2010.
Hountalas was an Executive Vice-President of Business Banking when he joined the company in 2010, a position with increasing seniority. After five years, in 2015, he expanded his range of duties to include corporate banking.
Jon Hountalas was named the Best Managed judge for Canada’s Best Managed Companies in November 2012, according to the official CIBC Twitter account.
Before being designated Senior Executive Vice-President and Group Head in 2017, where he is in charge of the Commercial Banking and Wealth Management Team in Canada, he spent seven years working for CIBC.
The team, lead by the head, focuses primarily on boosting the company’s net worth and bringing clients’ dreams to life.
Before joining CIBC, he worked for The Hong Kong and Shanghai Banking Corporation Limited (HSBC Canada) for 25 years in various senior and client-facing roles.
Jon Hountalas spoke at the National Bank Financial Services Conference
Jon Hountalas, Senior Executive Vice President, spoke at the National Bank Financial Services Conference.
According to Yahoo Finance, the CEO of CIBC’s Commercial Banking and Wealth Management was slated to appear at the 20th National Bank Financial Markets 20th annual financial services conference in Montreal, Canada.
The conference was scheduled to run for around 25 minutes on Tuesday, March 22, 2022, from 10.30 a.m. until 10.55 a.m. Eastern Time.
The conference was also live-streamed with audio by CIBC, and you may still access the archive on the business’ website.
Jon also spoke at the 17th Annual Financial Services Conference on March 27, 2019, in Montreal.