A focus on the pharmaceutical and healthcare sectors, as well as increased attention to ESG factors are among the trends reshaping strategies for issuers and their investors.
Dear Clients and Friends,
2015 was a challenging year for the global markets. Despite this, BNY Mellon continued its efforts to support the Depositary Receipt (DR) markets and make them an even more impactful tool for issuers and investors. As the leading depositary bank,1 BNY Mellon was at the forefront of many initiatives designed to add value to our clients.
Social Finance is at the core of BNY Mellon’s business strategy. During 2015, we became the first depositary to provide detailed data and insights to help clients understand the Environmental, Social and Governance factors that are reshaping global investment strategies.
BNY Mellon has also acted as depositary for clients raising funds in 2015 in the pharmaceutical and healthcare sectors. 2015 saw 23 companies, from these sectors, raise $5.7 billion in DR form.1 Such transactions can be used to broaden their investor base and increase funding for research and development, which in turn can improve lives.
To ensure that we target areas that are important and relevant to clients, and where we can drive positive change, BNY Mellon is focused on corporate social responsibility. Our approach to corporate social responsibility has evolved beyond our already strong employee engagement, environmental stewardship and community commitments. Now, to complement BNY Mellon’s role in global capital markets, we’re invested more than ever — invested in our people, invested in market integrity and invested in the world.
We look forward to putting these principals — and our knowledge and expertise — to work in 2016 to help DR issuers and their investors build a market that will benefit all.
Chief Executive Officer, Depositary Receipts
Depositary Receipts allow companies and investors around the globe to connect seamlessly across borders, playing an increasingly important role in global ﬁnancial markets.
“During 2015, we became the first depositary to provide detailed data and insights to help clients understand the Environmental, Social and Governance factors that are reshaping global investment strategies.”Christopher Kearns, CEO, BNY Mellon Depositary Receipts
Statistics in this report are as of December 31, 2015, unless otherwise noted.
All uses of $ refers to the U.S. dollar.
2 Bloomberg, December 31, 2015.
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 Dec. 31, 2015, BNY Mellon had $28.9 trillion in assets under custody and/or administration, and $1.6 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.
This document, which may be considered advertising, is for general information and reference purposes only and is not intended to provide legal, tax, accounting, investment, financial or other professional advice on any matter, and is not to be used as such. BNY Mellon does not warrant or guarantee the accuracy or completeness of, nor undertake to update or amend the information or data contained herein. We expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon any of this information or data. We provide 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.
This document is not intended for distribution to, or use by, any person or entity in any jurisdiction in which such distribution or use would be contrary to local law or regulation. Similarly, this brochure may not be distributed or used for the purpose of offers or solicitations in any jurisdiction or in any circumstances in which such offers or solicitations are unlawful or not authorized, or where there would be, by virtue of such distribution, new or additional registration requirements. Persons into whose possession this document comes are required to inform themselves about and to observe any restrictions that apply to the distribution of this document in their jurisdiction. The information contained in this document is for use by wholesale clients only and is not to be relied upon by retail clients. If distributed in the U.K. or EMEA, this document may be a financial promotion and is for distribution only to persons to whom it may be communicated without breach of applicable law.
NOT FDIC, STATE OR FEDERAL AGENCY INSURED
MAY LOSE VALUE
NO BANK, STATE OR FEDERAL AGENCY GUARANTEE
Trademarks and logos belong to their respective owners.
©2016 The Bank of New York Mellon Corporation. All rights reserved.
Chief Executive Officer, BNY Mellon Depositary Receipts
Chris Kearns, Executive Vice President, is CEO of BNY Mellon’s Depositary Receipts business, based in New York. He was appointed CEO during the first quarter of 2013, having previously served as Deputy CEO.View Profile