NEW YORK, Oct. 20, 2015 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has been appointed by Banco Santander Brasil S.A. as the depositary bank for its American depositary receipt (ADR) program. Each ADR represents one unit consisting of common and preferred shares of Banco Santander Brasil and trades on the New York Stock Exchange under the symbol 'BSBR.' Banco Santander Brasil's units trade on the BMF&FBOVESPA under the code 'SANB11.'
As reported by the company as of June 30, 2015, Santander Brasil is the third-largest private sector bank in Brazil and largest foreign bank operating in the country with a client base of more than 31 million. With principal offices in São Paulo, the bank relies on a team of over 50,000 employees and a service network throughout the Brazilian territory comprised of 3,436 branches and mini branches, more than 30,000 owned and shared ATMs, as well as technology and consumer service centers.
"We look forward to working with Banco Santander Brasil and helping to facilitate its access to the U.S. investment community," said Christopher M. Kearns, CEO of BNY Mellon's Depositary Receipts business. "Brazilian companies have long relied on BNY Mellon as their depositary bank to assist them in achieving a higher level of visibility and awareness for their ADR program."
BNY Mellon established the first DR program in Brazil in 1992 and has grown its team of Portuguese-speaking specialists, today providing cross-border support for the majority of the country's DR issuers, across all industries. The company also now serves as depositary for 15 banks across Latin America. In August, BNY Mellon announced that it had been chosen by Banco Santander Chile as the successor depositary for its ADR program.
BNY Mellon acts as depositary for more than 2,700 American and global depositary receipt programs as of September 30, 2015. 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, 2015, BNY Mellon had $28.6 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.
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.
Joseph F. Ailinger Jr
+55 21 3219 2080
SOURCE BNY Mellon