Zuoan Fashion has mandated Deutsche Bank as depositary bank for its sponsored Level III American depositary receipt (ADR) programme. Zuoan is a leading design-driven fashion casual menswear company in China.
Akbar Poonawala, head of global equity services (GES) at Deutsche Bank, said: “We welcome Zuoan to Deutsche Bank’s depositary receipts platform and look forward to working with the company on its initiatives to broaden its investor base.”
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.