The Bank of New York Mellon, the global asset management and securities servicing firm, has been reappointed by Silicon Motion Technology as the depositary bank for its American depositary receipt (ADR) program.
The Bank of New York Mellon has served as depositary for Silicon Motion since its initial public offering in June 2005. Each Silicon Motion ADR represents four ordinary shares and trades on the Nasdaq global select market.
Michael Cole-Fontayn, CEO of The Bank of New York Mellon’s depositary receipt business, said: “We look forward to building on our partnership with Silicon Motion and further developing programs to help them raise visibility of their ADR program with the US and global investment community.”
Silicon Motion is a semiconductor company that designs, develops and markets semiconductor solutions for the multimedia consumer electronics market.
