Latest news with #Culham
BBC News
24-05-2025
- Entertainment
- BBC News
Oxfordshire farming sisters open pop-up straw bale event
Four sisters have created a children's playground and maze at their Oxfordshire farm using 300 bales of Katy, Lucy and Jess have opened the Big Bale Play at High Lodge Farm in Culham, Abingdon, over the May said they came up with the idea for the pop-up event after spending hours playing on bales as children at their family farm in Didcot."We all have very fond memories of long evenings chasing each other over them so we thought 'Why not recreate it for the public?'," said Lucy. High Lodge Farm is a working farm for most of the year but the sisters host several pop-up events throughout the year to make ends week's event, now in its third year, runs for nine days from the straw bales will then be stored and used for livestock during the winter or sold to local farmers. Lucy said they usually had a few straw bales at their other events that proved popular with children which made them think of doing it "on a huge scale". "I don't know what it is about them, but kids seem drawn to straw bales," she said. "It's the perfect summer playground and a lot of fun." You can follow BBC Oxfordshire on Facebook, X, or Instagram.
Yahoo
14-03-2025
- Business
- Yahoo
Canada's CIBC says capital markets head Culham to replace Dodig as CEO
By Nivedita Balu TORONTO (Reuters) -CIBC announced on Thursday that its CEO Victor Dodig would retire in October and be replaced by Harry Culham, the head of the Canadian bank's capital markets division. Culham will serve as chief operating officer as of April 1 and take over as CEO on November 1, Canada's fifth-largest lender said. As part of CIBC's executive shakeup in September, Culham took on additional responsibility to oversee the bank's global asset management business and enterprise strategy, along with CIBC's Caribbean business. Culham will become CEO during a challenging time for big Canadian banks amid economic uncertainties due to the trade war between the U.S. and Canada. "I understand risk quite well. (It is) one of my strengths ... We're not worried," Culham said in an interview with Reuters. "We can control the controls, and we think we're good at that. We went through COVID, we've been through other ups and downs." Culham joined CIBC in Vancouver as an intern, participating in its graduate programs. He held senior banking roles in Europe and Asia before rejoining CIBC in 2008. He became the head of the capital markets unit in 2015. "We are surprised at the announcement as we thought (Dodig) might remain as CEO a couple of years longer," said Darko Mihelic, an analyst at RBC Capital Markets. Mihelic said Culham brings "solid experience" in capital markets that will be beneficial to the bank even though his personal and commercial banking experience is relatively limited. CIBC's shares were down about 1.2% on the Toronto Stock Exchange. The big five Canadian banks recently raked in large profits from their wealth and capital market segments, which typically are fee-based and high-margin businesses, while expanding their businesses in the U.S. CIBC has focused on growing its mass affluent and private wealth franchise in Canada and the U.S while building its digital footprint in Canada and growing its capital markets unit. "I'm really focused on the bank overall ... I don't see the strategy changing," Culham said. Dodig, who has been CEO for more than a decade, oversaw the expansion of CIBC's U.S. footprint. Under his leadership, it also added new clients in Canada through the purchase of Costco's Canadian credit card portfolio. Its U.S. commercial lending book, however, faced challenges in 2023 due to higher exposure to the troubled U.S. office space than its peers, but it has taken steps to reduce the impact. Sign in to access your portfolio
Reuters
13-03-2025
- Business
- Reuters
Canada's CIBC names capital markets head Harry Culham as next CEO, Dodig to retire
TORONTO, March 13 (Reuters) - Canadian lender CIBC ( opens new tab on Thursday named capital markets head Harry Culham as its next CEO, replacing Victor Dodig who will retire in October after over a decade at the top. Culham will serve as chief operating officer effective April 1 and take over as CEO on November 1, Canada's fifth largest lender said. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here. As part of CIBC's executive shakeup in September, Culham took on additional responsibility to oversee the bank's global asset management business and enterprise strategy, along with CIBC's Caribbean business. Culham will take the top seat during a challenging time for big Canadian banks amid economic uncertainties due to the trade war between the U.S. and Canada. "I understand risk quite well, (It is) one of my strengths ... We're not worried," Culham said in an interview. "We can control the controls, and we think we're good at that. We went through COVID, we've been through other ups and downs." The big five lenders have expanded south of the border seeking growth opportunities outside of home but have met many challenges. More recently, the banks have raked in large profits from wealth and capital market segments, that typically are fee-based and high margin businesses. CIBC has focused on growing its mass affluent and private wealth franchise in Canada and the U.S while building its digital footprint in Canada and growing its capital markets unit. "I'm really focused on the bank overall ... I don't see the strategy changing," Culham said. Culham first joined CIBC in Vancouver as an intern, participating in the bank's graduate programs. He held senior banking roles in Europe and Asia before rejoining CIBC in 2008 and taking over as the head of the capital markets segment in 2015. Under Dodig's leadership, CIBC expanded its U.S. footprint and also built the bank's presence at home by adding new clients through the purchase of Costco's (COST.O), opens new tab Canadian credit card portfolio. The bank's U.S. commercial lending book, however, faced challenges in 2023 due to higher exposure to the troubled U.S. office space compared to peers, but has taken steps to reduce the impact.
