NEW YORK, Oct. 11, 2016 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment
services, has been appointed by Banco Santander S.A. as the
successor depositary bank for its American depositary receipt (ADR)
program. Each ADR represents one ordinary share and trades on the
New York Stock Exchange under the symbol, 'SAN.' Banco Santander's
ordinary shares trade on the Madrid Stock Exchange under the
symbol, 'SAN.'
In 2015, BNY Mellon announced that it had been chosen by Banco
Santander Brasil as depositary bank for its ADR program and by
Banco Santander Chile as successor depositary for its ADR
program.
Based in Spain, Banco Santander
is a leading retail and commercial bank with a major presence in
Spain, Germany, Poland, Portugal, the United
Kingdom, Brazil,
Mexico, Chile, Argentina and the
United States. It also has significant shares of the
Uruguayan and Puerto Rican markets, consumer finance businesses in
other European countries, and operations in China through its wholesale and consumer
finance business. Founded in 1856, Santander had EUR 1.52 trillion in managed funds, 12,500
branches, and more than 190,000 employees at the close of
June 2016.*
"The U.S. is a key strategic market for Banco Santander in terms
of our investor relations efforts," said José García Cantera, Banco
Santander's chief financial officer. "Banco Santander has a long
history of working with U.S. investors and is looking forward to
continuing to build its ADR program with the assistance of BNY
Mellon."
"We are proud to partner with Banco Santander and extend our
relationship with the firm," said Christopher M. Kearns, CEO of BNY Mellon's
Depositary Receipts business. "We look forward to working closely
with Santander and its investor relations team, providing resources
and expertise to help Santander realize its goals for its DR
program. Our role as Santander's sole depositary agent reinforces
our strong position and commitment to serving the global financial
services industry and banks in Europe seeking to expand their access to
capital globally."
BNY Mellon acts as depositary for more than 2,600 American and
global depositary receipt programs as of June 30, 2016. Acting in partnership with leading
companies from over 65 countries, BNY Mellon is committed to
helping securities issuers access the world's rapidly evolving
financial markets and delivers a comprehensive suite of depositary
receipt services. Learn more at www.bnymellon.com/dr.
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of June 30, 2016, BNY Mellon had $29.5 trillion in assets under custody and/or
administration, and $1.7 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Learn more at www.bnymellon.com. Follow us on Twitter
@BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for
the latest company news.
*All company information per santander.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. BNY Mellon provides no advice nor recommendations or
endorsement with respect to any company, security or products based
on any index licensed by BNY Mellon, and we make no representation
regarding the advisability of investing in the same.
Contact:
Joseph F. Ailinger Jr
+1 617-722-7571
joe.ailinger@bnymellon.com
Malcolm Borthwick
+44 20 7163 4109
malcolm.borthwick@bnymellon.com
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SOURCE BNY Mellon