Cable & Wireless Worldwide (C&WW) has appointed Deutsche Bank as depositary bank for its sponsored Level I American depositary receipt (ADR) programme. C&WW is a global telecoms company providing a wide range of high-quality managed voice, data, hosting and IP-based services and applications to large multinational companies, governments, carrier customers and resellers across the UK, Asia-Pacific, India, Middle East and Africa, continental Europe and North America.
Akbar Poonawala, head of global equity services at Deutsche Bank, said: “We are delighted to add C&WW to our established franchise of UK ADR issuers. This notable mandate exemplifies our strong capabilities in ADR depositary services, leveraging our global network and market knowledge to support the capital strategies of our clients. We will continue to deliver a broad range of customised ADR services to enhance C&WW’s IR strategies and shareholder bases.”
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