We are pleased to announce that CIBC—Canadian Imperial Bank of Commerce—a leading global financial institution, has entered into an agreement to acquire Atlantic Trust from our parent company, Invesco. Atlantic Trust is a strong firm, and partnering with CIBC will make us even stronger. Importantly, CIBC is committed to growing and investing in Atlantic Trust's business, with the goal of helping us create the most client-centric wealth management firm in the industry.
We truly believe this partnership with CIBC provides the right strategic and cultural fit, as well as continuity, for our clients and our team members. Our firms share a commitment to outstanding client service and investment excellence. Additionally, CIBC embraces Atlantic Trust's fiduciary culture, as well as our integrated, objective approach to investments and wealth strategies.
As we move forward, you will continue to experience the dedication and service of your existing Atlantic Trust team, which remains laser-focused on taking care of your needs. In addition, clients will benefit from the financial strength and long-term stability of CIBC—with their 150-year history and recognition as the strongest bank in North America and the third strongest globally by Bloomberg Markets.
We invite you to view a brief video and the press release, which will further introduce you to CIBC and our partnership. We also encourage you to visit cibc.com to learn more about the organization.
Over the next several months, CIBC and Atlantic Trust will collaborate on plans to ensure a smooth transition. In the meantime, our executive team members and relationship managers are personally available to answer any questions. Please feel free to reach out to your Atlantic Trust contact or send an inquiry.