Wood Gundy Inc

Wood Gundy Inc

Wood Gundy Inc (now CIBC Wood Gundy Corp), founded in Toronto in 1905. The company evolved into a full-service international investment dealer with its head office in Toronto and offices in London, New York, Paris, Tokyo, Hong Kong, Barbados and Shanghai. In Canada the firm maintained 35 offices, located in 28 cities. The company was a leading underwriter and distributor of government and corporate securities in Canada and abroad. It was also prominent in mergers and acquisitions and in providing financial advisory services.

With membership in all major stock exchanges in N America and as an active participant in the European markets, it provided comprehensive facilities as agent and principal in bond, stock and money market transactions for institutional and retail investors supported by investment and economic research and professional investment management.

The company was adversely affected by the stock-market crash of Oct 1987. Since early 1988 it has been owned by the Canadian Imperial Bank Of Commerce, and has become their arm for domestic and international corporate investment and banking.