Deutsche secures depositary mandate for NAB’s ADR programme
06 January 2014
Category: News, Asia, Australia, Hong Kong, USA
By Asia Asset Management
Deutsche Bank has been appointed as successor depositary bank for the sponsored level I American depositary receipt (ADR) programme of Australia-based National Australia Bank Limited (NAB).
NAB is a financial services organisation with over 12,400,000 customers, and 42,000 people operating more than 1,800 stores and service centres globally. It provides a comprehensive and integrated range of banking and financial services including wealth management throughout Australia, New Zealand, Asia, the United Kingdom and the United States.
Naomi Flutter, head of global transaction banking – Australia and New Zealand, at Deutsche Bank, said: “Winning the depositary mandate for NAB’s ADR programme represents significant recognition of Deutsche Bank’s superior client servicing capabilities from one of Australia’s most prestigious companies. Our broad range of customised services will be used to assist NAB in enhancing the visibility of its ADR programme with the investor community."