Canada’s CIBC has ambitious growth plans for its U.S. private bank. Assembled by way of acquisitions – Atlantic Trust from Invesco being the anchor – CIBC Private Wealth intends to grow from the current AUM of $52 billion to $100 billion in the next 5-8 years.

Speaking to Barron’s: “I believe we’re one of the best growth stories in the space,” says John Markwalter Jr., chair and CEO of CIBC Private Wealth Management.

Barrons states that CIBC Private Wealth positions itself as a nationally chartered trust company and RIA with private banking and a boutique feel. Two-thirds of its clients are multi-generational families with assets of between $5 million and $75 million.

The company also intends to spend quite a deal on technology to allow bankers to leverage themselves better and handle higher AUM and client relationships.