Lebanon's Audi names BNY Mellon successor depositary bank
March 22, 2019

BNY Mellon recently announced that it has been appointed by Bank Audi, the largest Lebanese bank by assets and one of the leading banks in the region, as the successor depositary bank for its global depositary receipt (GDR) programme.

Each Bank Audi GDR represents one ordinary share and trades on the Beirut Stock Exchange and the London Stock Exchange under the symbols AUSR and BQAD respectively.

"As the largest Lebanese bank by assets, it is important for Bank Audi to collaborate with a leading partner like BNY Mellon, to support our global depositary receipts programme," said Dr Freddie Baz, Bank Audi's Vice-Chairman and Group Strategy Director. "We look forward to benefitting from their market leadership and working with their dedicated depositary receipts specialists."

Added Chris Kearns, CEO of BNY Mellon's Depositary Receipts business: "BNY Mellon is firmly committed to supporting clients in the Middle East region, and we are the depositary bank for all Lebanese depositary receipts programmes." 





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BNY Mellon recently announced that it has been appointed by Bank Audi, the largest Lebanese bank by assets and one of the leading banks in the region, as the successor depositary bank for its global depositary receipt (GDR) programme.

Each Bank Audi GDR represents one ordinary share and trades on the Beirut Stock Exchange and the London Stock Exchange under the symbols AUSR and BQAD respectively.

"As the largest Lebanese bank by assets, it is important for Bank Audi to collaborate with a leading partner like BNY Mellon, to support our global depositary receipts programme," said Dr Freddie Baz, Bank Audi's Vice-Chairman and Group Strategy Director. "We look forward to benefitting from their market leadership and working with their dedicated depositary receipts specialists."

Added Chris Kearns, CEO of BNY Mellon's Depositary Receipts business: "BNY Mellon is firmly committed to supporting clients in the Middle East region, and we are the depositary bank for all Lebanese depositary receipts programmes." 



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