JP Morgan has been appointed successor depositary bank for the American Depositary Receipt (ADR) programme of United Utilities, a FTSE 100 company.
“We are delighted that United Utilities has chosen JP Morgan to manage its ADR programme,” says Patrick Colle, global head of ADR client management at JP Morgan Worldwide Securities Services. “We look forward to supporting and growing United Utilities’ ADR programme by putting our unique ADR resources to work, which include the DR Liquidity Solutions unit, the dedicated Investor Relations and Advisory team, and our widely-followed ADR.com website.”
JP Morgan manages more than 70 ADR programmes for European companies, including over 30 ADR clients in the UK.