SM Investments operates as the holding company of the Philippines-based SM Group with activities in banking and finance, and its ordinary shares trade on the Philippine Stock Exchange.
SM Investments investor relations senior vice president Corazon Guidote said that BNY Mellon in establishing a sponsored ADR program, which will help the company to expand its visibility and investor base in the global capital markets.
"We are encouraged by the recent credit upgrade of the Philippines to investment grade and the corresponding increased attention that Filipino companies are attracting from global investors," Guidote added.
BNY Mellon depositary receipts business CEO Christopher Kearns commented, "Our team of experts looks forward to providing a comprehensive suite of support services, allowing the company to unlock the full potential of its new DR program."
The investment company serves as depositary bank for over 2,700 American and global depositary receipt programs, acting in partnership with leading firms from 68 nations.
BNY Mellon had $26.2trn in assets under custody and/or administration, and $1.4trn in assets under management, as of 30 June 2013 and delivers an array of financial services for institutions, corporations or individual investors.
