Jon Hountalas has a salary of around $3.45 million per annum as the new chief of CIBC. Jon Hountalas earns a good amount of money from his successful career.
Jon is leading the Commercial Banking and Wealth Management teams in Canada. He has worked in CIBC for over a decade in various positions.
He has a bachelor’s degree in commerce and a masters in Business Administration from McGill University. He is also involved with the Loran Scholars Foundation.
Jon Hountalas CIBC Salary As New Chief
Jon Hountalas has a salary of $3,458,880 per annum in his new position as chief of Canadian banking.
The new position in the company has immensely increased his earnings to seven-figure earnings yearly.
After the retirement of the previous head Laura Dottori who used to work in the Personal and Business Banking Team from the financial services, Jon was appointed as the new Senior Executive Vice-President and Group head.
He has the leadership of the Personal and Business Banking, Commercial Banking, and Wealth Management of the Canadian Imperial Bank of Commerce (CIBC).
On January 13, 2023, Bloomberg tweeted that CIBC had named Jon Hountalas as the new head of Canadian banking, taking over Laura Dottori-Attanasio, and with the change in the management of the banking industry of Canada had lost one of the highest-ranking women executives.
The CEO of CIBC, Victor Dodig, stated that Jon was an exceptional leader with a proven record of solid business performance.
He is highly focused on his clients and is known to make deep and long relationships with them.
Dodig also added that his industry experience, sound judgment, and ability to make and lead high-performing teams are why he could take on the leadership role of the Canadian Banking business.
Jon Hountalas Career
Jon Hountalas, the newly appointed chief of CIBC, joined the company in 2010.
Hountalas was an Executive Vice-President of Business Banking when he joined the company in 2010, a progressively senior role in the corporation. After five years, in 2015, he had an added responsibility for Corporate Banking.
In November 2012, the official Twitter page of CIBC tweeted that Jon Hountalas was the Best Managed judge for Canada’s Best Managed Companies.
In 2017, after working at CIBC for seven years, he was appointed as the Senior Executive Vice-President and Group Head, where he leads Commercial Banking and Wealth Management Team in Canada.
Under the leadership of the head, the team majorly focuses on making the business high net worth and bringing reality to the client’s ambitions.
Before working for CIBC, he worked at The Hongkong and Shanghai Banking Corporation Limited (HSBC) Canada for 25 years in several client-facing and executive roles.
Jon Hountalas At National Bank Financial Services Conference
The Senior Executive Vice President Jon Hountalas spoke at the National Bank Financial Services Conference.
According to Yahoo Finance, the head of Commercial Banking and Wealth Management, CIBC, was to speak at the 20th National Bank Financial Markets 20th annual financial services conference in Montreal, Canada.
The conference was on March 22, 2022, on a Tuesday, and the head was scheduled to start his part at the meeting from 10.30 a.m. to 10.55 a.m. Eastern Time for around 25 minutes.
There was also a live audio webcast of the conference by CIBC, and the archived version is also available at the official site of CIBC.
Jon also spoke at the 17th Annual Financial Services Conference on the 27th of March 2019 in Montreal.