BNY Mellon has appointed Raiffeisen Bank International (RBI) as custodian and conversion agent of all its depositary programs in the Ukrainian market.
The conversion into GDRs and cancellations will be executed through Raiffeisen Bank Aval JSC, RBI’s subsidiary in Ukraine. Raiffeisen Bank Aval provides securities services to both domestic and foreign institutional clients in the Ukraine.
After the appointments last year in Romania and Russia, Ukraine is the third market where RBI’S GSS is now providing services for BNY Mellon’s DR programs. “We are especially honoured by this appointment in an economically and politically difficult market,” says RBI.
BNY Mellon Appoints Raiffeisen for DR Programs in the Ukraine
BNY Mellon has appointed Raiffeisen Bank International (RBI) as custodian and conversion agent of all its depositary programs in the Ukrainian market.