Market Overview

Deutsche Bank Appointed as Successor Depositary Bank for the Sponsored Level I American Depositary Receipt Program of Swiss Re Ltd

Share:
NEW YORK & ZURICH--(BUSINESS WIRE)--

Deutsche Bank today announced its appointment as successor depositary bank for the non-capital raising sponsored Level I American Depositary Receipt program of Swiss Re Ltd (Swiss Re).

Swiss Re (OTC: SSREY), headquartered in Zurich, Switzerland, is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer with a global client base consisting of insurance companies, mid-to-large-sized corporations and public sector clients. For the year ended December 31, 2014, Swiss Re earned a net income of USD 3.5 billion.*

Jose Sicilia, Head of Depositary Receipts, Institutional Cash & Securities Services said: "We are delighted to be Swiss Re's depositary bank of choice and look forward to working with them to enhance their investor relations strategies and shareholder bases."

Deutsche Bank's Depositary Receipts team is part of the Issuer Services business within the Bank's Institutional Cash & Securities Services unit.

In addition to specializing in administering cross-border equity structures such as American and global depositary receipts and global registered shares, Issuer Services provides corporates, financial institutions, hedge funds and supranational agencies around the world with trustee, agency, escrow and related services. The Bank offers a very broad range of services for diverse products, from complex securitizations and project finance to syndicated loans, debt exchanges and restructurings.

*Source: Swiss Re Ltd (May 2015)

Deutsche Bank is a leading client-centric global universal bank serving 28 million clients worldwide. Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank is Germany's leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific.

The Depositary Receipts have been registered pursuant to the US Securities Act of 1933 (the "Act"). The investment or investment service which is the subject of this notice is not available to retail clients as defined by the UK Financial Conduct Authority. This notice has been approved and/or communicated by Deutsche Bank AG New York. The services described in this notice are provided by Deutsche Bank Trust Company Americas (Deutsche Bank) or by its subsidiaries and/or affiliates in accordance with appropriate local registration and regulation. Deutsche Bank is providing the attached notice strictly for information purposes and makes no claims or statement, nor does it warrant or in any way represent, as to the accuracy or completeness of the details contained herein or therein. This announcement appears as a matter of record only. Neither this announcement nor the information contained herein constitutes an offer or solicitation by Deutsche Bank or any other issuer or entity for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. No part of this notice may be copied or reproduced in any way without the prior written consent of Deutsche Bank. Past results are not an indication of future performance. Copyright© May 2015 Deutsche Bank AG. All rights reserved.

Issued by press department of Deutsche Bank AG NY
60 Wall Street, New York, NY 10005
Phone +1 212 250 7171

     

Internet: http://www.db.com

http://www.db.com/press

E-Mail: press-media-relations.americas@db.com

 

Deutsche Bank AG
Press & Media Relations
Ari Cohen, +1-212-250-2438
ari.cohen@db.com
or
Nicolas Nonnenmacher, +49(69)910-41749
nicolas.nonnenmacher@db.com

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com