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Article: JPMorgan Selected for Banco Santander Chile ADR Program.
- Article from:
- Business Wire
- Article date:
- August 6, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- JPMorgan announced today that it has been selected as successor depositary bank for the American Depositary Receipt program for Banco Santander Chile (NYSE: SAN).
JPMorgan will manage all aspects of the ADR program in the US for Banco Santander Chile, which is the largest ADR program in Chile as measured by investment value and the third largest as measured by trading value.
Banco Santander Chile is the largest bank in Chile in terms of total assets, total deposits, loans and shareholders' equity. It employs more than 9,000 people and has the largest private branch network in Chile.
"We selected JPMorgan because of its extensive ...