The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Cable & Wireless offers ADR mandate to JPM

 

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. "This is an exciting deal for us and testament to the overall quality of our ADR offering."

London-based Cable & Wireless is a leading international communications company and recently reported pre-tax profits of £317 million for the year to 31 March 2004; Cable & Wireless has had an ADR programme in place since 1989.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree