 In the aggregate, these businesses had several hundred employees in the United States, Canada and the U.K.In 1997, the CIBC Argosy Merchant funds backed Gary Winnick and his telecom venture, Global Crossing, which embarked on a project to build optical fiber cable connections under the ocean between Europe and North America.Bloom, Heyer and Kehler, the heads of the CIBC Argosy Merchant funds and all former Drexel bankers, were former associates of Winnick from his days in the 1980s as a salesman at Drexel Burnham Lambert under Michael Milken.