Volvo has added JPMorgan to its American Depositary Receipt (ADR) programme. The programme went live with JPMorgan on 22 February 2005. Volvo is a leader in commercial transportation products including trucks, construction equipment and marine and industrial engines. JPMorgan has more than 40 per cent of the ADR market’s capitalisation and 110 ADR clients in the Europe, Middle East and Africa region. “Good recognition in external markets is crucial to any ADR programme, and a depositary bank can play a key role in this. We are delighted to be working with a major transportation company such as Volvo,” said Patrick Colle, global head of ADRs at JPMorgan.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.