Danone, a healthy food company, has appointed JP Morgan as successor depositary bank for the company’s American Depositary Receipt (ADR) programme.
Claudine Gallagher, global head of depositary receipts at JP Morgan, said: “We are proud to have been appointed depositary bank by Danone. We look forward to building a long term relationship with the company and helping it to benefit from the strong US demand that continues to exist for international equities.”
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.