Deutsche Bank has announced its appointment as successor depositary bank for the sponsored Level I American Depositary Receipt (ADR) program of Australia-based National Australia Bank Limited (NAB).
NAB is a financial services organization with over 12,400,000 customers, and 42,000 people operating more than 1,800 stores and service centers globally.
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It provides a comprehensive and integrated range of banking and financial services including wealth management throughout Australia, New Zealand, Asia, the United Kingdom and the United States.
Naomi Flutter, head of Global Transaction Banking Australia & New Zealand, at Deutsche Bank said: "Winning the depositary mandate for NAB’s ADR program represents significant recognition of Deutsche Bank’s superior client servicing capabilities from one of Australia’s most prestigious companies. Our broad range of customized services will be used to assist NAB in enhancing the visibility of its ADR program with the investor community."
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