The Canadian Imperial Bank of Commerce (CIBC) has appointed John Lee to lead its digital-assets strategy, as the bank seeks to innovate in the burgeoning cryptocurrency and payments market. Lee, who previously served as the global lead for digital assets, currencies, and market infrastructure at Accenture PLC, will begin his new role on Monday. In his position, he will be responsible for the development and launch of new digital asset products and services, collaborating with both internal and external stakeholders. Giorgia Anton, the head of payments at CIBC, emphasized the importance of Lee's leadership in advancing the bank's digital initiatives. This strategic move comes shortly after the Bank of Montreal recruited Imran Ibrahim from CIBC to head its own digital-assets strategy, highlighting the competitive landscape in Canada’s financial sector. With over 20 years of experience in financial technology, Lee is well-positioned to drive CIBC's efforts in this rapidly evolving field, which is crucial for maintaining competitiveness in the global market.