Mandates and payments roundup, April 19

SBI Holdings appoints J.P. Morgan as its HDR depositary bank, while Logica and TNS enhance their payment solutions.

J.P. Morgan appointed depositary bank by SBI Holdings

SBI Holdings, the Japanese internet-based financial services and investment company, has appointed J.P. Morgan as its depositary bank for its Hong Kong depositary receipt HDR programme.

“An HDR listing is certainly an important consideration both for global companies looking to deepen their presence in Asia and Asia-based names wanting to broaden their operations across the region,” said Kenneth Tse, Asia-Pacific head of J.P. Morgan’s depositary receipts group, in a statement. “Hong Kong is perfectly placed alongside China’s dynamic economy, and as such represents a logical platform for companies seeking to tap into the Greater Chinese growth story.”

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