Senior Business Development Officer Joins CIBC’s US Asset-based Lending Team

CHICAGO, SEPTEMBER 6, 2023—CIBC today announced it has welcomed a new business development officer to join its Asset-Based Lending team, furthering their commitment to serving middle market clients across the US. Ron Kerdasha joins the team as a managing director and senior business development officer with more than 30 years of industry experience.

In his role, Kerdasha leads asset-based lending originations in the Mid-Atlantic and Northeast, while expanding the bank’s referral source network and focusing on key relationships with middle market companies, private equity groups, mezzanine lenders, investment banks, turnaround consultants and other advisors. Prior to joining CIBC, he served as regional group head for Fifth Third Business Capital in the Northeast.

Kerdasha earned a Master of Business Administration from Fordham University and a Bachelor of Science degree in accounting from the University of Delaware. He is a member of the Association for Corporate Growth, SFNet, Turnaround Management Association and Small Business Investor Alliance.

CIBC’s Asset-based Lending team specializes in crafting financing solutions specifically for middle-market business owners and executives. Their breadth of products and services are tailored to clients interested in securing asset-based financing for acquisitions and mergers, recapitalization, balance sheet restructuring, business growth and more.

About CIBC

CIBC is a leading North American financial institution with 13 million personal banking, business, public sector and institutional clients. CIBC offers a full range of advice, solutions and services in the United States, across Canada and around the world. In the US, CIBC Bank USA provides commercial banking, private and personal banking and small business banking solutions and CIBC Private Wealth offers investment management, wealth strategies and legacy planning. Visit us at cibc.com/US.

For further information:

Kristy L. Daube, Director, US Media Relations, 770-617-0591, kristy.daube@cibc.com.

Private banking is offered by CIBC Bank USA, Member FDIC and Equal Housing Lender. CIBC Bank USA and CIBC Private Wealth Group, LLC are both indirect, wholly owned subsidiaries of CIBC. The CIBC logo is a registered trademark of CIBC, used under license. Investment Products Offered are Not FDIC-Insured, May Lose Value and are Not Bank Guaranteed. All loans subject to credit approval