We are pleased to announce that CIBC Atlantic Trust Private Wealth Management has completed its acquisition of Geneva Advisors, a private wealth management firm headquartered in Chicago. With the addition of Geneva, our firm now has more than 430 employees in 14 markets nationwide and approximately $40 billion in assets entrusted to our care.
Together, Geneva Advisors and CIBC Atlantic Trust are an excellent fit due to our commonly held values of a fiduciary culture and team-based approach. Over the past several years, we have been working to strengthen our teams in key wealth centers across the U.S., and the acquisition of Geneva Advisors meaningfully enhances our presence in Chicago.
Building our business benefits all our valued clients by giving us the ability to expand our services and continue reinvesting in our business. Through our affiliate, The PrivateBank, we now can offer clients additional access to a full range of private banking, deposit and lending services. Through Geneva Advisors, we’ve added many more talented professionals, expanding our relationship management and investment teams. Additionally, clients of Geneva Advisors now have access to CIBC Atlantic Trust’s investment management and wealth strategies expertise, and we expect to provide these services to The PrivateBank clients in the near future. Importantly, as we integrate our businesses, we will be able to further strengthen our technology, investments and wealth strategies capabilities. As always, our professionals remain dedicated to delivering the highest-quality, boutique client experience.
If you would like to learn more about this acquisition, I invite you to view the press release. Also, please know that I am personally available to answer any questions or simply to talk. We deeply appreciate your relationship with CIBC Atlantic Trust.
Jack Markwalter is chairman and chief executive officer of CIBC Atlantic Trust Private Wealth Management, holding these positions since January 2004. In addition, he serves on the CIBC Operating Committee as a member of CIBC’s executive leadership team.