NEW YORK--(BUSINESS WIRE)--Citi’s Issuer Services business, acting through Citibank, N.A., has been appointed by BB Seguridade Participações S.A. (BB Seguridade), a Brazil-based insurance company, as successor depositary bank for its American Depositary Receipts (“ADR”) program.
BB Seguridade’s ADRs are traded on the over-the-counter (OTC) market, under the symbol “BBSEY.” Each ADR represents one common share of BB Seguridade.
“Citi is proud to be appointed by BB Seguridade as successor depositary bank for its ADR program,” said Dirk Jones, Head of Global Issuer Services at Citi. “With Citi’s global presence and investor relations expertise, we are confident our powerful platform will help to facilitate the continued success of BB Seguridade’s program.”
Citi is a leading provider of depositary receipt services. With depositary receipt programs in 61 markets, spanning equity and fixed-income products, Citi leverages its global network to provide cross-border capital market access to issuers, intermediaries and investors. For more information about Citi’s Depositary Receipt Services, please visit www.citi.com/dr.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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