NEW YORK, April 29, 2013 /PRNewswire/ -- BNY Mellon, the
global leader in investment management and investment services, has
been appointed by Temenos Group AG as the depositary bank for its
American depositary receipt (ADR) program. Each Temenos ADR
represents one ordinary share and trades over-the-counter under the
symbol "TMSNY." Temenos' ordinary shares trade on the Swiss Stock
Exchange under the symbol "TEMN."
Temenos is a leading provider of banking software systems to
retail, corporate, universal, private, Islamic, microfinance and
community banks, wealth managers, and financial institutions.
Headquartered in Geneva and with
59 offices worldwide, Temenos software is proven in over 1,500
customer deployments in more than 125 countries across the
world.
"The U.S. is a key strategic market for Temenos, both
operationally and in terms of our investor relations effort," said
Max Chuard, CFO of Temenos. "Temenos
has a long history of working with U.S. investors and, following
the acquisition of TriNovus announced last month, is looking
forward to taking this to the next level by building a successful
ADR program in conjunction with BNY Mellon."
"We'll work with Temenos to develop and build a targeted
outreach program aimed at American investors," said Christopher M. Kearns, CEO of BNY Mellon's
Depositary Receipts business. "Companies from around the world
establish ADRs in the U.S. because it offers them a broader
shareholder base and greater liquidity."
BNY Mellon acts as depositary for more than 2,700 American and
global depositary receipt programs, acting in partnership with
leading companies from 68 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
36 countries and more than 100 markets. As of March 31, 2013, BNY Mellon had $26.3 trillion in assets under custody and/or
administration, and $1.4 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 bnymellon.com, or follow us on Twitter @BNYMellon
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.
SOURCE BNY Mellon
