CIBC says its president and chief executive Victor Dodig is set to retire this fall and will be succeeded by Harry Culham, who has led the bank's global capital markets division since 2015. Dodig, who has been at the helm of CIBC since September 2014,

Dodig, who has led the Canadian bank since 2014, will be succeeded by Harry Culham, CIBC's head of capital markets.

Culham will become chief operating officer April 1, then succeed Dodig as CEO on Oct. 31, the bank’s fiscal year-end

Harry Culham, the lender’s capital-markets chief, will succeed Dodig at the helm of Canada’s fifth-largest bank.

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