Deutsche Bank today announced its appointment as depositary bank for the Level I American Depositary Receipt (ADR) program of Australia-based AMP Limited (AMP).
AMP is a leading independent wealth management company in Australia and New Zealand. Established in 1849 AMP provides financial advice, superannuation and investment products and services, income protection, disability and life insurance, selected retail banking products, and investments in shares, fixed interest, property, infrastructure, multi-manager and multi-asset funds. AMP has the largest financial advice network in Australia and New Zealand with 4,276 aligned and employed financial advisers and planners. AMP also has extensive relationships with external financial advisers. With 5,829 employees, AMP manages AU$172 billion in assets for over five million customers in Australia and New Zealand. In March 2011, AMP merged with the Australian and New Zealand businesses of AXA Asia Pacific Holdings. AMP’s shares are listed on the Australian Stock Exchange and the New Zealand Stock Exchange.*
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, “We are delighted to be appointed as the depositary bank for AMP’s ADR program. Deutsche Bank's range of customized ADR-related services will be utilized to assist Australia’s AMP in enhancing its ADR program visibility and broadening its investor base."
*Source: AMP (February 2013)About Deutsche Bank Trust & Securities Services Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, NASDAQ, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers both mutual and alternative fund administration and provides securities custody, clearing and agency lending services from a global network spanning more than 30 markets. Additional details are available on www.adr.db.com or www.tss.db.com. This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG New York.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV