BNY Mellon Selected by BMW Group for its Sponsored Depositary Receipt Program. NEW YORK and FRANKFURT, Germany, July 2. PRNewswire/ - - BNY Mellon, a global leader in investment management and investment services, has been appointed by BMW Group as depositary bank for its sponsored American depositary receipt (ADR) program, replacing previously unsponsored facilities. The ADRs will continue to trade on the U. S. As a global company, the BMW Group operates 3. Deutsche Bank today announced its appointment as depositary bank for the non-capital raising sponsored Level I American Depositary Receipt program of. BMW Group is the latest global firm to convert from an unsponsored to a sponsored depositary receipt program. An American Depositary Receipt (ADR) evidences one. Aspects of administration include maintenance of DR program records, corporate actions processing. As of December 3. BMW Group had a workforce of 1. With the conversion to a sponsored Level I ADR program we aim to facilitate access to the stock for global investors and further broaden our shareholder base in the long term. Kearns, CEO of BNY Mellon's Depositary Receipts business. This program reinforces our strong position and commitment to serving the German market. Over the last three years, 1. DR programs with BNY Mellon. Acting in partnership with leading companies from over 6. BNY Mellon is committed to helping securities issuers access the world's rapidly evolving financial markets and delivers a comprehensive suite of depositary receipt services. Learn more at www. BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 3. As of June 3. 0, 2. BNY Mellon had $2. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (BK). Learn more at www. Follow us on Twitter @BNYMellon or visit our newsroom at www.
American and global depositary receipts. Depositary receipts are a means for non-US companies to raise their profile with foreign investors, make their shares more.
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