BNY Mellon selected as Petrobras' depositary 03 January 2012London Reporter: Anna Reitman
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BNY Mellon has announced its selection as successor depositary by Petrobras for the Brazilian energy giant's ADR program.
“Petrobras is the second-most active ADR program in the world, by daily value traded, and serving as their depositary only reinforces our presence in Brazil and the region,” said Michael Cole-Fontayn, CEO of BNY Mellon’s Depositary Receipts business. “We look forward to working closely with Petrobras in the coming years and commit fully to maximizing value for their global shareholder base.”
BNY Mellon now acts as depositary for 8 of the world’s 10 largest DR programs by value.
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