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

(Reporting by Pritam Biswas in Bengaluru)