Credit Suisse chooses BNY Mellon for ADR programme

BNY Mellon has been appointed by global private bank and wealth manager Credit Suisse as the successor depositary bank for its American depositary receipt (ADR) programme. Each ADR represents one share of Credit Suisse and will continue to trade on the New York Stock Exchange (NYSE) under the symbol “CS.”

“Global financial services companies are among the best positioned issuers to determine a depositary bank’s service quality,” said Christopher M. Kearns, chief executive officer (CEO) of BNY Mellon’s depositary receipt business. “Credit Suisse’s successor appointment of BNY Mellon is a testament to our people, our level of service, and our commitment to this business. We look forward to working with Credit Suisse’s investor relations team to further expand their US investor outreach efforts.”

As of the end of September 2016, BNY Mellon acted as depositary for more than 2,600 American and global depositary receipt programmes.