CIBC announced the promotion of Brandon Barr to Asset-based Lending (ABL) Group Head. In this new role, Barr is responsible for providing strategic guidance on portfolio related matters and evaluating new business segments, in addition to managing the national business efforts for the ABL team. Barr, who joined CIBC in 2011, previously served as head of business development and strategy for the bank’s ABL Group.

“Brandon’s deep understanding of the industry and his proven track record of success make him the ideal candidate to lead our ABL team,” said Bruce Hague, Executive Managing Director and Co-President, Commercial Banking CIBC Bank USA. “We are confident that under Brandon’s leadership, we will further strengthen our position as a leader in asset-based lending, and continue to support the ambitions and success of our clients.”

In this new role, Barr will continue to build on the strong foundation established by Bruce Denby, who he will continue to report to, and Bob Corsentino. Corsentino is transitioning to a new part-time role as the senior director and credit risk advisor for CIBC’s US Commercial Banking and ABL teams. In this capacity, he will provide valuable insights and guidance in credit risk management, reporting to Bruce Hague.

Barr is featured in an exclusive panel of asset-based lending executives featured on ABL Advisor.  Read the article: National Origination Panel.