BNY announced today that it has been appointed by Australia and New Zealand Banking Group Limited (ANZ) as the successor depositary bank for ANZ’s sponsored 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.
ANZ is the third largest bank by market capitalization in Australia and the largest bank in New Zealand by market capitalization. In addition to its operations in Australia and New Zealand, ANZ also operates in 34 other countries. At the end of its most recent financial year, ended September 30, 2018, ANZ's market capitalisation was AUS$81 billion. It is listed on both the Australia Securities Exchange (ASX) and New Zealand Stock Exchanges (NZX).
“Our experience and knowledge of the depositary receipts market and service levels were key factors in this appointment. We are looking forward to delivering an unparalleled experience to both ANZ and its investors as we partner with them once again on their ADR program,” said Frank La Salla, Chief Executive Officer, Issuer Services, BNY Mellon.
BNY Mellon acts as depositary for 832 sponsored American and global depositary receipt programs as of September 30, 2018. Acting in partnership with leading companies from over 55 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.
About BNY Mellon
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. As of September 30, 2018, BNY Mellon had $34.5 trillion in assets under custody and/or administration, and $1.8 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). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.