NEW YORK, Oct. 11, 2016 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has been appointed by Banco Santander S.A. as the successor depositary bank for its American depositary receipt (ADR) program. Each ADR represents one ordinary share and trades on the New York Stock Exchange under the symbol, 'SAN.' Banco Santander's ordinary shares trade on the Madrid Stock Exchange under the symbol, 'SAN.'
In 2015, BNY Mellon announced that it had been chosen by Banco Santander Brasil as depositary bank for its ADR program and by Banco Santander Chile as successor depositary for its ADR program.
Based in Spain, Banco Santander is a leading retail and commercial bank with a major presence in Spain, Germany, Poland, Portugal, the United Kingdom, Brazil, Mexico, Chile, Argentina and the United States. It also has significant shares of the Uruguayan and Puerto Rican markets, consumer finance businesses in other European countries, and operations in China through its wholesale and consumer finance business. Founded in 1856, Santander had EUR 1.52 trillion in managed funds, 12,500 branches, and more than 190,000 employees at the close of June 2016.*
"The U.S. is a key strategic market for Banco Santander in terms of our investor relations efforts," said José García Cantera, Banco Santander's chief financial officer. "Banco Santander has a long history of working with U.S. investors and is looking forward to continuing to build its ADR program with the assistance of BNY Mellon."
"We are proud to partner with Banco Santander and extend our relationship with the firm," said Christopher M. Kearns, CEO of BNY Mellon's Depositary Receipts business. "We look forward to working closely with Santander and its investor relations team, providing resources and expertise to help Santander realize its goals for its DR program. Our role as Santander's sole depositary agent reinforces our strong position and commitment to serving the global financial services industry and banks in Europe seeking to expand their access to capital globally."
BNY Mellon acts as depositary for more than 2,600 American and global depositary receipt programs as of June 30, 2016. Acting in partnership with leading companies from over 65 countries, BNY Mellon is committed to helping securities issuers access the world's rapidly evolving financial markets and delivers a comprehensive suite of depositary receipt services. Learn more at www.bnymellon.com/dr.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of June 30, 2016, BNY Mellon had $29.5 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
*All company information per santander.com.
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee. BNY Mellon provides no advice nor recommendations or endorsement with respect to any company, security or products based on any index licensed by BNY Mellon, and we make no representation regarding the advisability of investing in the same.
SOURCE BNY Mellon