Deutsche Bank has been appointed as depositary bank for the sponsored level I American depositary receipt (ADR) programme of Tokai Tokyo Financial Holdings (Tokai Tokyo).
Tokai Tokyo is the holding company of the Tokai Tokyo Financial Group, whose core company is Tokai Tokyo Securities. The group focuses on the securities business and provides financial products, services, and solutions that meet the needs of customers.
Akbar Poonawala, head of global equity services (GES) at Deutsche Bank, said: “We are delighted to be acting as depositary bank on this ADR transaction and we very much look forward to working with Tokai Tokyo and ensuring that their ADR investors receive the highest level of service.”
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