Deutsche Bank powers up for Statoil 01 February 2013Norway Reporter: Georgina Lavers
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Deutsche Bank is the new depository bank for the NYSE-Listed American depository receipt (ADR) programme of Statoil ASA.
Statoil is an international energy company with operations in 36 countries. It is headquartered in Norway with approximately 21,000 employees worldwide, and is listed on the New York and Oslo stock exchanges.
Akbar Poonawala, head of global equity services at Deutsche Bank, said: “We are delighted to be selected as Statoil’s depository bank. This mandate represents significant recognition of Deutsche Bank’s superior client servicing capabilities from one of Norway’s most prestigious companies."
"Deutsche Bank will offer its broad range of customised services to assist Statoil in enhancing the visibility of its ADR programme.”
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