By a News Reporter-Staff News Editor at Investment Weekly News -- Citi's Issuer Services business, acting through Citibank, N.A., has been appointed by Australia and New Zealand Banking Group Limited (ANZ) as the successor depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) program.
ANZ's ADRs are traded in the United States over-the-counter market under the symbol "ANZBY," with each ADR representing one ordinary share. ANZ's ordinary shares are listed on the Australian Stock Exchange.
"We are delighted to be appointed depositary bank for ANZ's ADR program," said Dirk Jones, Head of Global Issuer Services at Citi. "With Citi's investor relations expertise and unparalleled global presence, we are confident that our powerful platform will enable the success of ANZ's ADR program."
Citi is a leading provider of Depositary Receipt Services. With Depositary Receipt programs in 55 markets, Citi leverages its global network to help companies connect to new markets and raise capital worldwide. ANZ ANZ operates in 33 markets globally with representation in Australia, where it is one of the top four banks and a top 5 listed corporate on the ASX, in New Zealand where it is the largest bank and throughout the Asia Pacific region. Additional information may be found at www.anz.com. Citi Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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Keywords for this news article include: Citi, Banking and Finance.
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