Santander Mexico Appoints J.P. Morgan as Depositary Bank for its ADR Program
NEW YORK -- November 15, 2012
J.P. Morgan today announced it has been selected by Santander Mexico to act as
depositary bank for the company’s American Depositary Receipt (ADR) program in
relation to its recent initial public offering (IPO) of USD 4.1 billion, the
largest equity offering and IPO ever in Mexico. The NYSE-listed ADRs trade
under the symbol BSMX.
Santander Mexico is one of Mexico’s leading financial services holding
companies and provides a wide range of financial services, including retail
and commercial banking, securities underwriting, brokerage, custody services,
and asset management.
“This mandate further strengthens our relationship with Banco Santander, as we
currently manage existing ADR programs for shares of Santander’s Spanish,
Chilean and Brazilian units,” said Dennis Bon, global head of depositary
receipts at J.P. Morgan. “The appointment demonstrates our ability to offer
holistic and strategic services to clients via the partnership between the
depositary receipts group and the Investment and Corporate Banking teams.”
Santander Mexico joins a line-up of leading Latin American companies for which
J.P. Morgan acts as depositary bank. J.P. Morgan manages some of the top ADR
programs in the region, including: Cementos Pacasmayo, LAN Airlines,
Ecopetrol, Banco Santander-Chile, Telecom Argentina, Embraer, Companhia
Siderúrgica Nacional (CSN), Eletrobrás, Hypermercas, and Vale.
J.P. Morgan pioneered the depositary receipts market more than 85 years ago,
introducing the first-ever DR in 1927. J.P. Morgan provides a full range of
ADR, GDR and HDR services to issuers seeking to have their equity traded on
exchanges beyond their home markets. For market information on depositary
receipts and international equities, please go to www.adr.com. More
information on J.P. Morgan’s depositary receipt services is also available on
About Grupo Financiero Santander Mexico, S.A.B. de C.V. (NYSE: BSMX; BMV:
Grupo Financiero Santander México, S.A.B. de C.V. (Santander México) is one of
Mexico's leading financial services holding companies, provides a wide range
of financial and related services, including retail and commercial banking,
securities brokerage, financial advisory, and other related investment
activities. Santander Mexico offers a financial services platform focused on
mid- to high-income individuals and small- to medium-sized enterprises, while
also providing integrated financial services to larger multinational companies
in Mexico. As of September 30, 2012, Santander Mexico had total assets of
Ps.771.4 billion under Mexican Banking GAAP and more than 9.7 million
customers. Headquartered in Mexico City, Santander Mexico operates 1,123
branches located throughout Mexico and has a total of 12,766 employees.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm
with assets of $2.3 trillion and operations in more than 60 countries. The
firm is a leader in investment banking, financial services for consumers,
small business and commercial banking, financial transaction processing, asset
management, and private equity. A component of the Dow Jones Industrial
Average, JPMorgan Chase & Co. serves millions of consumers in the United
States and many of the world’s most prominent corporate, institutional and
government clients under its J.P. Morgan and Chase brands. Information about
JPMorgan Chase & Co. is available at www.jpmorganchase.com.
JPMorgan Chase & Co.
Allie Libby, +1-212-270-1714
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