NEW YORK and BUENOS AIRES, Argentina, May 26, 2016 /PRNewswire/ -- BNY Mellon, a global leader in investment management and investment services, has been chosen by Grupo Supervielle S.A. as depositary bank for the listing and offering of its American depositary receipts (ADRs). The new listing marks the first ADR capital raising by an Argentine company in 2016. Each Grupo Supervielle ADR represents five class B shares and trades on the New York Stock Exchange under the symbol 'SUPV.' The company's ordinary class B shares trade on the MERVAL under the code 'SUPV.'
Grupo Supervielle S.A. is a domestically-owned financial group based in Argentina. Controlled by the Supervielle family, which entered the Argentine banking sector in 1887, the company owns Banco Supervielle S.A., a bank with a primary geographic presence in the City of Buenos Aires, the Greater Buenos Aires metropolitan area, Mendoza and San Luis.
"We look forward to working with BNY Mellon to develop our DR program," said Alejandra Naughton, chief financial officer of Grupo Supervielle. "We selected the company because of its focus on the depositary receipt market, and we expect our program to benefit from its specialization and experience."
"As Grupo Supervielle strengthens its commitment to the U.S. market with this year's first ADR capital raising by an Argentine company, we'll work to deliver a suite of specialized resources to support its expanded investor relations efforts," said Christopher Kearns, CEO of BNY Mellon's Depositary Receipts business. "We welcome the opportunity to assist Grupo Supervielle in raising its international profile."
BNY Mellon now serves as depositary for 16 banks across Latin America. In the second half of 2015, the company announced that it had been chosen by both Banco Santander Brasil and Banco Santander Chile as depositary for their ADR programs.
BNY Mellon acts as depositary for more than 2,600 American and global depositary receipt programs as of March 31, 2016. Acting in partnership with leading companies from over 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 investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of March 31, 2016, BNY Mellon had $29.1 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
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. BNY Mellon provides no advice nor recommendations or endorsement with respect to any company, security or products based on any index licensed by BNY Mellon, and we make no representation regarding the advisability of investing in the same.
Joseph F. Ailinger Jr
+55 11 3050-8320
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SOURCE BNY Mellon