Deutsche Bank, Successor Depository Bank For Level I OTC ADR Of Alpha Bank

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Deutsche Bank, Successor Depository Bank For Level I OTC ADR Of Alpha Bank

Published: 25-Jun-2009

Deutsche Bank already provides domestic custody services in more than 30 securities markets

Deutsche Bank has announced that it has been appointed as successor depositary bank for the Level I ‘OTC’ American Depositary Receipt (ADR) program of Alpha Bank A.E.

Deutsche Bank's Trust & Securities Services business, part of Global Transaction Banking, is one of the providers of trustee, agent, depositary, registrar, SPV management and related services, for a range of financial structures and transactions.

Akbar Poonawala, Head of Global Equity Services, Deutsche Bank, said, “We welcome Alpha Bank’s decision to transfer its ADR program to Deutsche Bank’s depositary receipts platform. Our broad range of customised services will be used to assist Alpha Bank to enhance the visibility of its ADR program with the United States investor community.”

Greece-based Alpha Bank offers a range of financial products and services to private and corporate customers.

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