BNY Mellon has been appointed by Credit Suisse as the successor depositary bank for its American depositary receipt (ADR) programme.
Each ADR represents one share of Credit Suisse and will continue to trade on the NYSE under the symbol “CS.”
“Global financial services companies are among the best positioned issuers to determine a depositary bank’s service quality,” said Christopher Kearns, CEO of BNY Mellon’s Depositary Receipt business.
“Credit Suisse’s successor appointment of BNY Mellon is a testament to our people, our level of service, and our commitment to this business. We look forward to working with Credit Suisse’s investor relations team to further expand their U.S. investor outreach efforts.”
BNY Mellon acts as the depositary bank for more than 2,600 American and global depositary receipt programmes as of Sept. 30, 2016.