JPMorgan Wins ADR Mandate For Cable and Wireless

JPMorgan has been appointed depositary bank by Cable and Wireless for its American Depositary Receipt (ADR) programme. JPMorgan claims 40% of the ADR market's capitalisation and currently has 20 ADR clients in the UK. "An increasing number of FTSE 100

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JPMorgan has been appointed depositary bank by Cable and Wireless for its American Depositary Receipt (ADR) programme.

JPMorgan claims 40% of the ADR market’s capitalisation and currently has 20 ADR clients in the UK.

“An increasing number of FTSE 100 companies are looking to us to take on their ADR programmes,” says Patrick Colle, global head of ADRs at JPMorgan Institutional Trust Services. “This is an exciting deal for us and testament to the overall quality of our ADR offering.”

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