Deutsche Bank has been appointed as successor depositary bank for the American Depositary Receipt (ADR) program of Marks and Spencer Group plc.
“We welcome Marks & Spencer’s decision to transfer its ADR program to Deutsche Bank’s depositary receipts platform. Our broad range of customised services will be used to assist Marks & Spencer in enhancing the visibility of its ADR program with the United States investor community,” says Akbar Poonawala, head of Global Equity Services, Deutsche Bank.