The Bank of New York Mellon’s depositary receipt business is conducted through The Bank of New York subsidiary, which acts as depositary for more than 1,290 American and global depositary receipt programs, acting in partnership with companies from 61 countries.
Unal Kabaca, president and CEO of Bank Asya, said: After careful consideration, we selected The Bank of New York Mellon as depositary because of its broad experience and leading market share of depositary receipt programs from Turkey. We are confident the bank has the resources to help us effectively reach US investors and generate demand for our depositary receipts.
