Brazil-based WEG, an industrial equipment company, has appointed JP Morgan as the depositary bank for its American depositary receipt (ADR) programme.
Candice Teruszkin, DR sales executive for Latin America at JP Morgan, said: “We are thrilled that WEG has chosen JP Morgan for its ADR programme. Our customised DR services will help WEG meet their goals to increase visibility within the US investor community and strengthen their global market presence.”
WEG joins a line-up of Latin American companies for which JP Morgan acts as depositary. JP Morgan manages more than 20 ADR programmes in Brazil, including: Banco Santander Brasil, Companhia Siderurgica Nacional (CSN), Eletrobràs, Embraer (Empresa Brasileira de Aeronàutica), Hypermercas, Lupatech, Petroleo Brasileiro – Petrobras, TAM, Tempo Participações, TIM Participações and Vale.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more