J.P. Morgan Becomes Depositary Bank for TNT ADR Program
London - J.P. Morgan today announced it has been appointed the successor depositary bank for the American Depositary Receipt (ADR) program of TNT, the Netherlands-based international Express and Mail company.
TNT is the latest European company to move its depositary receipt program to J.P. Morgan. Other European blue chip companies that have recently moved their programs to J.P. Morgan include Sanofi-aventis, Barclays and Roche. J.P. Morgan’s other European DR clients include AstraZeneca, BP, ING Groep and Novartis.
Alex Hickson, EMEA head of depositary receipts sales and relationship management for J.P. Morgan, said, “We are delighted to be appointed as depositary bank for TNT. We look forward to working with a leading and international company like TNT to help it benefit from the additional demand for its shares that results from a successful ADR program.”
About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A. (NYSE: JPM), WSS leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $13.5 trillion in assets under custody and $3.7 trillion in funds under administration. For more information, go to www.jpmorgan.com/visit/wss.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.1 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and WaMu brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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