The Bank of New York Mellon’s depositary receipt business is conducted through The Bank of New York subsidiary, which serves as depositary for more than 1,300 American and global depositary receipt programs, acting in partnership with leading companies from 63 countries.
Christopher Sturdy, executive vice president and head of depositary receipt division for The Bank of New York Mellon’s, said: We are pleased that Dai Nippon Printing decided to convert its unsponsored ADR program to a sponsored program and are especially gratified to be appointed as the sole sponsoring depositary bank.
