BCD Semiconductor Manufacturing (BCD) has appointed Deutsche Bank as depositary bank for the Nasdaq-listed American depositary receipt (ADR) programme. BCD is a China-based provider of analog integrated circuits (ICs), specialising in the design, manufacture and sale of a broad range of power management semiconductors to the large, and expanding Asian electronics industry.
Akbar Poonawala, head of global equity services at Deutsche Bank, said: “We are delighted to be BCD’s depositary bank of choice. This appointment underscores Deutsche Bank’s commitment to the People’s Republic of China and we look forward to ensuring that the company’s shareholders receive the highest level of service.”
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.