bny-mellon-hires-frances-ni-as-head-of-drs-in-taiwan

BNY Mellon hires Frances Ni as head of DRs in Taiwan

The bank expects Taiwan issuers, led by the financial and technology sectors, to remain active in 2010 when it comes to using depositary receipts for capital raisings.

Bank of New York Mellon has expanded its regional team focusing on depositary receipts DRs with the hire of Frances Ni, who will take on a role as head of DRs in Taiwan. Based in Taipei, her job will be to define and coordinate the implementation of future strategic growth opportunities within Taiwan.

Taiwan continues to be a dynamic and growing market and remains one of the most active depositary receipts markets in Asia-Pacific, said Christopher Kearns, head of Asia-Pacific for BNY Mellon's DR business. We expect to see DR capital raising activity continue this year driven by the financial and technology sectors and the continued expansion of cross straits cooperation. It is therefore vital...

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