NEW YORK, Nov. 28, 2016 /PRNewswire/ -- BNY Mellon has
been appointed by Credit Suisse as the successor depositary bank
for its American depositary receipt (ADR) program. Each ADR
represents one share of Credit Suisse and will continue to trade on
the NYSE under the symbol "CS."
Credit Suisse is a global private bank and wealth manager with
investment banking capabilities. It provides advisory services,
comprehensive solutions and innovative products to companies,
institutional clients and high-net-worth private clients globally,
as well as to retail clients in Switzerland. Credit Suisse is headquartered in
Zurich with operations in over 50
countries and 48,200 employees from over 150 different nations.
"Global financial services companies are among the best
positioned issuers to determine a depositary bank's service
quality," said Christopher M.
Kearns, CEO of BNY Mellon's Depositary Receipt business.
"Credit Suisse's successor appointment of BNY Mellon is a testament
to our people, our level of service, and our commitment to this
business. We look forward to working with Credit Suisse's
investor relations team to further expand their U.S. investor
outreach efforts."
BNY Mellon acts as depositary for more than 2,600 American and
global depositary receipt programs as of Sept. 30, 2016. Acting in partnership with
leading companies from over 65 countries, 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.bnymellon.com/dr.
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
35 countries and more than 100 markets. As of Sept. 30, 2016, BNY Mellon had $30.5 trillion in assets under custody and/or
administration, and $1.72 trillion in
assets under management. 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 (NYSE:
BK). Learn more at bnymellon.com. Follow us on Twitter @BNYMellon
or visit our newsroom at bnymellon.com/newsroom for the latest
company news.
This release is for informational purposes only. BNY Mellon
provides no advice nor recommendation or endorsement with respect
to any company or securities. Nothing herein shall be deemed to
constitute an offer to sell or a solicitation of an offer to buy
securities. Depositary Receipts: Not FDIC, State or Federal Agency
Insured; May Lose Value; No Bank, State or Federal Agency
Guarantee. BNY Mellon provides no advice nor recommendations or
endorsement with respect to any company, security or products based
on any index licensed by BNY Mellon, and we make no representation
regarding the advisability of investing in the same.
Contact:
Joseph F. Ailinger Jr
+1 617-722-7571
joe.ailinger@bnymellon.com
Malcolm Borthwick
+44 (0)20 7163 4109
malcolm.borthwick@bnymellon.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/bny-mellon-selected-as-successor-depositary-by-credit-suisse-group-ag-for-its-american-depositary-receipt-program-300368097.html
SOURCE BNY Mellon