IAG Appoints Deutsche Bank as Depositary Bank for ADR Programme
International Consolidated Airlines Group (IAG) has appointed Deutsche Bank as depositary bank for its sponsored Level I American depositary receipt (ADR) programme.
IAG is one of the world’s largest airline groups with 408 aircraft flying to 200 destinations and carrying more than 55 million passengers each year. Formed in January 2011, IAG is the holding company of British Airways and Iberia Líneas Aéreas de España.
Akbar Poonawala, head of global equity services at Deutsche Bank, said: “We are delighted to be selected as depositary bank for this notable programme. We look forward to working with IAG to further enhance its ADR investor relations and to develop the programme further.”