Karl Uwe Burnham

Mr. Karl U.
Burnham, CFA MBA, is a Partner & Advisor at YTM Capital Asset Management Ltd. Mr. Burnham started his bond trading career at CIBC in 1993.
Within 2 years, he was made CIBC’s Head Corporate Bond Trader.
For the next 18 years, he actively traded Canadian corporate debt on a liability basis – in other words, with CIBC's capital at risk in concert with the Bank’s high risk standards.
During that time he earned additional responsibility for overseeing other bond trading books and he helped to initiate and establish other credit trading desks.
Towards the end of his tenure at CIBC, he oversaw all CIBC credit trading books including $US corporate bonds, eurobonds, emerging market bonds, mortgage backed securities, and asset backed securities, and oversaw government credit trading (provincials, crowns, municipals, strips, real return bonds, super sovereign agency bonds).
These credit books were traded in Toronto, New York, London, and Montreal and had an aggregate value in excess of $10 billion.
He also played a significant role in successfully managing CIBC’s market risk through more than one market crisis and was a member of the Deals Committee that reviewed novel securities and transactions from a risk perspective.
Since 2015, he has employed the risk management and trading skills he honed at CIBC with YTM.
He received his MBA from The Schulich School of Business.