BNY Mellon Appointed as Successor Depositary Bank by Grupo TMM, S.A.B.
NEW YORK
(NYSE:BK)
NEW YORK, December 18, 2009— BNY Mellon, the global leader in asset management and securities servicing, has been selected by Grupo TMM, S.A.B. (Grupo TMM) as successor depositary bank for its American depositary receipt (ADR) program. Each Grupo TMM ADR represents five common shares and trades on the New York Stock Exchange under the symbol "TMM." The common shares trade on the Bolsa Mexicana de Valores under the symbol "TMM A."
Headquartered in Mexico City, Grupo TMM is a Mexican intermodal transportation and logistics company. Through its branch offices and network of subsidiary companies, Grupo TMM provides a dynamic combination of ocean and land transportation services.
"When a highly experienced DR issuer like Grupo TMM appoints us as successor depositary bank, a clear message is sent to the marketplace highlighting our proven track record and commitment to the business," said Michael Cole-Fontayn, chief executive officer of BNY Mellon's Depositary Receipts business. "We are pleased to be serving as Grupo TMM's successor depositary and look forward to putting our extensive resources to work for them."
BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programs, acting in partnership with leading companies from 67 countries. With an unrivaled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Learn more atwww.bnymellon.com/dr.
BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $22.1 trillion in assets under custody and administration and $966 billion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.6 trillion per day. Additional information is available at bnymellon.com.
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.
|
|
|
News Source : BNY Mellon Appointed as Successor Depositary Bank by Grupo TMM, S.A.B.
More User Press Releases
- BNY Mellon Appointed as Depositary Bank by Sterling International Enterprises Limited
- BNY Mellon to Host Fourth-Quarter 2009 Earnings Conference Call on Wednesday, January 20
- Newton Global Higher Income Fund scoops top industry award
- BNY Mellon Shareowner Services Appointed Transfer Agent for IDEX Corporation
- BNY Mellon Acquires Portsmouth Financial Systems to Provide Clients and Investors Greater Transparency for Structured Credit Por
- BNY Mellon Treasury Services Expands Suite of Payment Solutions for Corporate Clients with the Addition of MasterCard Payment Ga
- BNY Mellon Asset Management to launch new Brazilian equity fund
- BNY Mellon appoints new Heads of Client Management for US and Europe
- BNY Mellon Shareowner Services Appointed Transfer Agent for Developers Diversified Realty Corporation
- BNY Mellon Asset Servicing appointed by Jubilee Financial Products as global custodian and fund administrator
Like this site on Facebook
Distribute Press Release
- Post press release to 50+ free press release websites.
- Send to 100+ online publications.
- Effortlessly publish all your press releases with our automated pickup and submission service.
Shopping cart
User login
Search
Bookmark/Search this post
Primary Menu
- News by Region
- Business
- List of Industries
- Technology
- Aerospace & Defense
- Agriculture & Forestry
- Arts
- Automotive
- Business Services
- Chemicals
- Construction & Maintenance
- Consumer Goods
- Education
- Electrical & Electronics
- Energy
- Entertainment
- Food & Related Products
- General Business
- Government
- Healthcare
- Heavy Industry
- Home
- Industrial Goods & Services
- Industrial Materials
- Medical
- Mining & Drilling
- Publishing & Printing
- Retail
- Society
- Sports
- Supermarkets
- Telecommunications
- Textiles & Nonwovens
- Transportation & Logistics
- Travel & Hospitality
- Wholesale
