CIBC Innovation Banking Opens New Office in Austin, Texas; Expands Menlo Park and Denver Teams

CIBC Innovation Banking is pleased to announce the opening of a new office in Austin, Texas, as the group continues its strategic expansion in key technology markets in North America.

“Austin is home to a bustling startup and technology community and as we look to grow in strategic markets in Canada and the U.S., this region has long been known for nurturing innovative companies and attracting both leading venture and growth equity investors,” said Mark McQueen, President & Executive Managing Director, CIBC Innovation Banking.

Strategic new hires

Joining the new Austin office as Managing Director is Sara Johnson, a seasoned market leader in M&A debt financings. She brings with her more than a decade of experience working for major U.S. financial services firms providing leveraged financing solutions to public and sponsor-backed software companies.

Holly Dungan, Managing Director, joins the team in Menlo Park, California, bringing more than 15 years of experience working with high growth technology companies as an executive at major U.S. financial services firms.

In Denver, Colorado, the team recently welcomed Kevin Grossman, who joined as Managing Director, Corporate Finance in June, after honing his skills in venture lending for over two decades, working with tech and life sciences companies at every stage.

“We’re thrilled to have Sara, Holly and Kevin join our team as we look to help innovation companies across North America achieve their goals,” said Mr. McQueen. “With decades of experience of identifying and supporting the growth of early, middle-market and late-stage companies, we know they will have an immediate impact on our growing CIBC Innovation Banking team.”

About CIBC Innovation Banking

CIBC Innovation Banking delivers strategic advice, cash management and funding to North American innovation companies at each stage of their business cycle, from start up to IPO and beyond. With offices in Atlanta, Austin, Chicago, Denver, Menlo Park, Montreal, Reston, Toronto and Vancouver, the team has extensive experience and a strong, collaborative approach that extends across CIBC’s commercial banking and capital markets businesses in the U.S. and Canada. CIBC Innovation Banking is a brand name under which CIBC and CIBC Bank USA provide products and services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190715005217/en/

Susan Kirwin, Public Relations, 416-980-5192, [email protected]