March 7 (Reuters) - Canadian Imperial Bank of Commerce ( CM )

on Thursday appointed insider Robert Sedran as CFO

replacing Hratch Panossian, who will now head the bank's

Personal and Business banking unit.

Sedran, who will also assume the role of a senior executive

vice president, has held multiple roles at the Toronoto,

Ontario-based bank, and was most recently CIBC's Treasurer.

CIBC posted strong quarterly earnings last week driven by

strong loan volumes and growth in deposits at home.