JPMorgan announced that the NYSE-listed American Depositary Receipt (ADR) programme for electrical giant, Enel, is now live with JPMorgan, which will act as successor ADR depositary bank to Enel, a leading European energy group.
JPMorgan maintains an extensive European client base, managing more than 70 blue-chip ADR programmes in the region.
“We are very pleased to have been chosen as ADR depositary for Enel,” said Patrick Colle, ADR client management executive at JPMorgan. “As US demand for foreign equities is rising, we look forward to working in partnership with Enel and deploying our unique suite of ADR liquidity solutions to continue to raise its profile in the US.”