Deutsche Bank today announced its appointment as the successor depositary bank for the Level I American Depositary Receipt (ADR) program of First Pacific Company Limited (First Pacific).
First Pacific is a Hong Kong-based investment management and holding company with operations located in Asia. Its principal business interests relate to Telecommunications, Infrastructure, Consumer Food Products and Natural Resources.*
"We are pleased to have Deutsche Bank manage our American ADR program under our new investor relations impetus and we look forward to reaching out to ADR investors through our partnership with the Bank," said Manuel V. Pangilinan, Managing Director and Chief Executive, First Pacific.
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank, said, “We are delighted to be selected as successor depositary bank for this notable program. We look forward to working with First Pacific to enhance its ADR investor relations and to develop the program further.”
*Source: First Pacific Company Limited (March 2012)