BNY Mellon Appointed As Successor Depositary Bank By Grupo TMM, S.A.B.
NEW YORK, Dec. 18 /PRNewswire-FirstCall/ -- BNY Mellon, the global leader in asset management and securities servicing, has been selected by Grupo TMM, S.A.B. (Grupo TMM) as successor depositary bank for its American depositary receipt (ADR) program. Each Grupo TMM ADR represents five common shares and trades on the New York Stock Exchange under the symbol "TMM." The common shares trade on the Bolsa Mexicana de Valores under the symbol "TMM A."
Headquartered in Mexico City, Grupo TMM is a Mexican intermodal transportation and logistics company. Through its branch offices and network of subsidiary companies, Grupo TMM provides a dynamic combination of ocean and land transportation services.
"When a highly experienced DR issuer like Grupo TMM appoints us as successor depositary bank, a clear message is sent to the marketplace highlighting our proven track record and commitment to the business," said Michael Cole-Fontayn, chief executive officer of BNY Mellon's Depositary Receipts business. "We are pleased to be serving as Grupo TMM's successor depositary and look forward to putting our extensive resources to work for them."
BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programs, acting in partnership with leading companies from 67 countries. With an unrivaled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Learn more at www.bnymellon.com/dr.BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.1 trillion in assets under custody and administration and $966 billion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at bnymellon.com.
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