BNY Mellon Appointed as Depositary for BTG Pactual Global Depositary Units
Innovative new DR program structured to support BTG Pactual's global initial public offering
NEW YORK, May 3, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has been appointed as depositary for BTG Pactual Global Depositary Units (GDUs). BTG Pactual GDUs are comprised of the Global Depositary Shares of Banco BTG Pactual S.A., a Brazil-incorporated company, and the shares of BTG Pactual Participations, a Bermuda-incorporated company. BTG Pactual GDUs are listed on Alternext Amsterdam and trade under the symbol "BTGP."
BNY Mellon also will act as custodian for the underlying shares of BTG Pactual Participations' Brazilian Depositary Receipt program, comprised of units of BTG Pactual that trade on the BM&F Bovespa in Brazil under the symbol "BBTG11."
BTG Pactual Group is an investment bank and asset and wealth manager with a significant franchise in Brazil as well as an international investment and distribution platform. BTG Pactual has offices in South America, North America, Europe and Asia and provides a comprehensive range of financial services to a Brazilian and global client base that includes corporations, institutional investors, governments and high net worth individuals.
"We've worked closely with BTG Pactual to develop this innovative and truly first-of-its-kind GDU structure to support the company's global capital raising activities," said Michael Cole-Fontayn, CEO of BNY Mellon's Depositary Receipts business. "It's another great example of the ways we're pioneering new approaches to servicing our clients and the adaptability and efficiency of DRs as a vehicle for global issuers and investors."
BNY Mellon acts as depositary for more than 2,500 American and global depositary receipt programs, acting in partnership with leading companies from 65 countries. BNY Mellon is committed to helping securities issuers access the world's rapidly evolving financial markets and delivers a comprehensive suite of depositary receipt services. Learn more at www.bnymellon.com/dr.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.6 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.9 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com or follow us on Twitter@BNYMellon.
This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.
SOURCE BNY Mellon
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