Elan, a biotechnology company headquartered in Ireland, has appointed Citi Global Transaction Services (GTS) business, acting through Citibank NA, as the successor depositary bank for its American depositary receipt (ADR) programme.
Liam Daniel, executive vice president and company secretary, said: “We are very pleased with the appointment of Citibank as our new ADR depositary and look forward to working closely with them to continue the success of our ADR programme for both our existing and potential shareholders in North America.”
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.