Citi Appointed Depositary for Suncorp Group Limited's Sponsored Level 1 ADR Program
New York, NY - November 19, 2013 – Citi, acting through Citibank N.A., has been appointed by Suncorp Group Limited (Suncorp), a leading provider of general insurance, banking, life insurance and superannuation brands in Australia and New Zealand, as depositary bank for its sponsored Level 1 American Depositary Receipt (ADR) program. Suncorp's ADR program trades in the U.S. over-the-counter (OTC) market under the symbol "SNMCY," with one (1) ADR representing one (1) ordinary share. Suncorp's ordinary shares are listed on the Australian Stock Exchange.
Suncorp Group Deputy Chief Financial Officer, Steve Johnston, said, "Suncorp has a substantial overseas investor base and we are excited about the prospect of working with Citi to gain further access to U.S. investors through the ADR program."
"We are delighted to be appointed depositary bank for Suncorp's ADR program," said Dirk Jones, Global Head of Securities and Fund Services Client Sales Management at Citi. "With our investor relations expertise and unparalleled global presence, Citi has a powerful platform to enable the success of Suncorp's ADR program."
Citi is a leading provider of Depositary Receipt Services. With Depositary Receipt programs in 55 markets, Citi leverages its global network to help companies connect to new markets and raise capital worldwide.
According to Suncorp Group, the company provides leading general insurance, banking, life insurance, superannuation and investment brands in Australia and New Zealand. The Group has around 15,000 employees and relationships with nine million customers and is a Top 20 ASX listed company. More information regarding Suncorp can be found at www.suncorpgroup.com.au.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
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