The securities lending industry enables investors to borrow and lend stocks, bonds and other assets to facilitate liquidity management and trading strategies. Major banks, asset managers and hedge ...

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

Canadian Imperial Bank of Commerce appointed Harry Culham to succeed chief executive Victor Dodig, who will retire in November after leading the nation’s fifth-largest lender for more than a decade.

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