Deutsche Bank gets ADR mandate with BG Group
Deutsche Bank has announced its appointment as depositary bank for the Level I American Depositary Receipt (ADR) programme of BG Group, an LNG exploration and production company headquartered in the UK.
Akbar Poonawala, head of Global Equity Services at Deutsche Bank said, “We welcome BG Group’s decision to transfer its ADR programme to Deutsche Bank’s depositary receipts platform. Our broad range of customised services will be used to assist BG Group in enhancing the visibility of its ADR programme with the United States investor community.”
The mandate was transferred from J.P. Morgan, according to a source familiar with the matter.
