The Bank of New York Mellon Appointed as Depositary Bank by Commonwealth Bank of Australia Limited
27 Abril 2009 - 9:24AM
PR Newswire (US)
NEW YORK, April 27 /PRNewswire-FirstCall/ -- The Bank of New York
Mellon (NYSE:BK), the global leader in asset management and
securities servicing, has been selected by Commonwealth Bank of
Australia Limited (CBA) as the depositary bank for its American
Depositary Receipt (ADR) program. Each CBA ADR represents one
ordinary share. The ADRs trade on the over-the-counter market under
the symbol "CMWAY." CBA's ordinary shares trade on the Australian
Securities Exchange under the symbol "CBA." Commonwealth Bank of
Australia provides integrated financial services, including retail,
business and institutional banking, superannuation, life insurance,
general insurance, funds management, brokering services and finance
company activities. CBA's principal activities consist of retail
banking services, premium business services, wealth management, and
international financial services. "Since 1993, The Bank of New York
Mellon has acted as depositary for our 144A DR program that makes
available restricted securities to qualified institutional buyers,"
said Warwick Bryant, executive general manager of Investor
Relations of CBA. "We have been so pleased with their expertise and
superior level of service that when we decided to establish an
over-the-counter DR program, The Bank of New York Mellon was the
logical choice." "We are delighted to be expanding our existing
relationship with CBA and adding value by introducing a variety of
investor outreach initiatives," said Michael Cole-Fontayn, chief
executive officer of The Bank of New York Mellon's Depositary
Receipt Division. "We look forward to helping CBA gain greater name
recognition in the U.S. investment community." The Bank of New York
Mellon acts as depositary for more than 1,300 sponsored American
and global depositary receipt programs, working in partnership with
leading companies from 64 countries. With an unrivalled commitment
to helping securities issuers succeed in the world's rapidly
evolving financial markets, the Company delivers the industry's
most comprehensive suite of integrated depositary receipt,
corporate trust and stock transfer services. Additional information
is available at http://www.bnymellon.com/dr. The Bank of New York
Mellon Corporation is a global financial services company focused
on helping clients manage and service their financial assets,
operating in 34 countries and serving more than 100 markets. The
company is a leading provider of financial services for
institutions, corporations and high-net-worth individuals,
providing superior asset management and wealth management, asset
servicing, issuer services, clearing services and treasury services
through a worldwide client-focused team. It has $19.5 trillion in
assets under custody and administration, $881 billion in assets
under management, services more than $11 trillion in outstanding
debt and processes global payments averaging $1.8 trillion per day.
Additional information is available at http://www.bnymellon.com/.
This release is for informational purposes only. The Bank of New
York Mellon provides no advice, 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. DATASOURCE: The Bank of New York Mellon Corporation
CONTACT: Dori Flanagan, +1-212-815-2291, , or Joe Ailinger,
+1-617-722-7571, Web Site: http://www.bnymellon.com/
http://www.bnymellon.com/dr
Copyright