CIBC bulks up P3 team

Former Port Authority of New York and New Jersey official David Tweedy and McKinsey alum Jiri Maly have signed on with the financial services firm.

Canadian Imperial Bank of Commerce (CIBC) continued to add staff to its public-private partnership (PPP; P3) effort, bringing aboard David Tweedy and Jiri Maly.

The Toronto-headquartered financial services provider in September placed former McKinsey & Company professional Laurene Bielski Mahon in charge of its PPP arm, naming her managing director and head of global infrastructure.

Mahon in a firm-wide notice announced both Tweedy and Maly had been hired last week.

Tweedy left the Port Authority of New York and New Jersey (PANYNJ) in December, becoming the latest executive to depart the public agency.

Tweedy had served as chief of capital planning for the Port Authority. He was first deputy commissioner for the New York City Department of Environmental Protection (NYCDEP) from 2002 to 2005.

In April, the Port Authority agreed to a $1.5 billion P3 with Kiewit Corporation and Macquarie Group to tear down and rebuild the Goethals Bridge. PANYNJ is also searching for a private partner to design and build the main terminal of LaGuardia Airport.

In addition to Tweedy, the Port Authority in 2013 lost executive Richard Gladstone and senior official Phillippe Visser.

Mahon said Tweedy will hold the title of managing director of global infrastructure finance.

Maly, who like Mahon, worked for management consultant McKinsey, will also be a managing director for CIBC.

Mahon credits Maly with founding the infrastructure mega-project business at McKinsey. He joined the consultant in 2004.