JPMorgan has been appointed depositary bank by Cable and Wireless for its American Depositary Receipt (ADR) programme – one of the largest ADR mandates to be granted in Europe this year. JPMorgan, with 20 ADR clients in the UK, boasts over 40% of market capitalisation in the ADR sphere
“An increasing number of FTSE 100 companies are looking to us to take on their ADR programmes,” comments Patrick Colle, global head of ADRs at JPMorgan Institutional Trust Services.
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