Canadian Imperial Bank of Commerce operates as a global financial institution, which provides a full range of financial products and services to individual, small business, commercial, corporate and institutional clients. It operates through three segments: Retail and Business Banking, Wealth Management and Wholesale Banking. The Retail and Business Banking segment provides clients with financial advice, banking, investment, and authorized insurance products and services. The Wealth Management segment provides relationship-based advisory services and a suite of investment solutions to meet the needs of institutional, retail and high net worth clients. The Wholesale Banking segment provides a wide range of credit, capital markets, investment banking and research products and services to government, institutional, corporate and retail clients. Canadian Imperial Bank of Commerce was founded on June 1, 1961 and is headquartered in Toronto, Canada.