San­tander Mex­ico ap­points Jpmor­gan as de­posi­tary bank for ADR pro­gram

The Pak Banker - - Front Page -

NEW YORK: JP Mor­gan was to­day se­lected by San­tander Mex­ico to act as de­posi­tary bank for the com­pany’s Amer­i­can De­posi­tary Re­ceipt (ADR) pro­gram in re­la­tion to its re­cent ini­tial pub­lic of­fer­ing (IPO) of USD 4.1 bil­lion, the largest eq­uity of­fer­ing and IPO ever in Mex­ico. The NYSE-listed ADRs trade un­der the sym­bol BSMX. San­tander Mex­ico is one of Mex­ico’s lead­ing fi­nan­cial ser­vices hold­ing com­pa­nies and pro­vides a wide range of fi­nan­cial ser­vices, in­clud­ing re­tail and com­mer­cial bank­ing, se­cu­ri­ties un­der­writ­ing, bro­ker­age, cus­tody ser­vices, and as­set man­age­ment. This man­date fur­ther strength­ens our re­la­tion­ship with Banco San­tander, as we cur­rently man­age ex­ist­ing ADR pro­grams for shares of San­tander’s Span­ish, Chilean and Brazil­ian units, said Dennis Bon, global head of de­posi­tary re­ceipts at J.P. Mor­gan.

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