Canadian Imperial Bank of Commerce has made a minority investment in StoneCastle Partners. Financial terms weren’t disclosed. Charlesbank Capital Partners also holds a minority stake in StoneCastle. New York-based StoneCastle is an asset management and financial services company that invests in banks. PRESS RELEASE Canadian Imperial Bank of Commerce (“CIBC”, TSE: CM | NYSE: CM) has [...]
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Jim Brennan has joined StoneCastle Partners as a director focused on the firm’s fund management and advisory business. He previously was a senior credit officer with Moody’s Investors Service. StoneCastle is a private equity firm that invests in the banking sector.