Mandates and payments roundup, March 22

Resource Generation appoints Citi as its ADR depositary bank, while India's IDBI Bank chooses a cash solution from Fundtech.

Citi is appointed depositary bank by Resource Generation

Australia-based energy exploration and development company, Resource Generation Res Gen, has appointed Citi as the depositary bank for its sponsored level one American depositary receipt ADR programme.

“The ADR programme will assist Res Gen in continuing to broaden the shareholder base internationally,” said Paul Jury, managing director of Res Gen, in a statement. “We are pleased to have appointed Citi as our depositary bank, and know that their expertise with ADRs and the strength of the investor relations team will help to ensure the success of the programme.”

IDBI Bank implements Fundtech solution

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