J.P. Morgan's ADR Group strengthens Asia/Pacific marketing team.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 4, 2000 J.P. Morgan's ADR ADR - Astra Digital Radio Group introduced its new senior management and marketing team for its Asia/Pacific region today. The staffing initiatives aim to further enhance and strengthen client coverage for J.P. Morgan's American depositary receipt American Depositary Receipt (ADR) Certificates issued by a US depository bank, representing foreign shares held by the bank, usually by a branch or correspondent in the country of issue. (ADR) issuers in the Far East. "Our new team of experienced finance professionals demonstrates our leadership commitment within Asia/Pacific, a region which presents tremendous growth opportunities for our ADR business," said Patrick Colle, global head of Morgan's ADR Group. Colle noted that Morgan's strategy within the region is to represent premier issuers and deliver the highest level of advice, execution and aftermarket support to maximize liquidity and market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. for each ADR program. "The team we've assembled is ideally suited to carry out our objectives," added Colle. Asia/Pacific ADR team The ADR Group's Asia/Pacific team, located in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , is headed by Ken Tse, vice president, and a sixteen-year veteran of Morgan. Most recently, Ken headed the firm's Euroclear group in Singapore. Previously he held senior positions within the firm's technology, network management and Euroclear units in Hong Kong, Tokyo, Singapore and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Reporting to Tse in Hong Kong are Franki Lai, vice president, who is covering Greater China including Hong Kong, China and Taiwan; Peter Tsu, associate, responsible for Southeast Asian countries and Australia; and Tintin Subagyo, associate, client relationship manager for the entire region. Lai has joined the firm from Citibank in Hong Kong, where he marketed treasury and custody services throughout Greater China. Tsu was previously a financial consultant in Merrill Lynch's Vancouver-based private client group. Subagyo, a chartered accountant char·tered accountant n. Chiefly British Abbr. CA A member of one of the institutes of accountants granted a royal charter. and custody specialist, joins Morgan from AMP Investments in Australia. Tse also manages Morgan's ADR business in Japan where vice presidents Masumi Aoshima and Ikuo Ikeda run local operations. Ikeda has been with Morgan for over 30 years --- since its Tokyo office opened --- and Aoshima has been with the ADR group for two years. Tse is also responsible for the firm's ADR business in India, where Bharat Reddy, vice president, a 4-year J.P. Morgan banker and economist covers the subcontinent from New Delhi. Regional ADR programs Morgan's high-profile sponsored ADR Sponsored ADR An ADR which is issued in co-operation with the underlying foreign company whose equity shares will underly the ADR shares. With the corporation's sponsorship, the ADRs created in the issue usually afford their owners the same rights normally given to stockholders, programs from the Asia/Pacific region include: Sony, Nippon Telephone & Telegraph, Matsushita, and Canon in Japan; Broken Hill Proprietary Company in Australia; Huaneng Power in China; Asia Satellite Telecommunications, CLP 1. CLP - Cornell List Processor. 2. CLP - Constraint Logic Programming. Holdings, and Hong Kong and China Gas in Hong Kong; Shin Corporations in Thailand; DBS (Direct Broadcast Satellite) A one-way TV broadcast service from a communications satellite to a small round or oval dish antenna no larger than 20" in diameter. Group Holdings in Singapore; and Silverline Technologies from India. J.P. Morgan is the world's largest depositary bank with more than $135 billion in institutional investment under custody as of June 30, 2000. Visit adr.com, J.P. Morgan's central resource for timely worldwide market intelligence and investor information on non-U.S. equities. The site is open to all Internet users. Business Week (September 11, 2000) termed the site one best spots on web for global investing. J.P. Morgan's adrWISE.com is a proprietary, issuer client-only website for online ADR program management. A global financial services firm, J.P. Morgan serves clients through an integrated range of advisory, financing, trading, investment management, and research capabilities. For information on J.P. Morgan, visit www.jpmorgan.com. An ADS, or American depositary share American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. , is a U.S. dollar-denominated form of equity ownership in a non-U.S. company. It represents a specified number of foreign shares on deposit at a custodian bank Custodian bank Applies mainly to international equities. Bank or other financial institution that keeps custody of stock certificates and other assets of a mutual fund, individual, or corporate client. See: Depository Trust Company (DTC) in the issuer's home country and carries the corporate and economic rights of the underlying foreign shares. An ADR, or American depositary receipt, is a certificate evidencing ownership of a certain number of ADSs. The term ADR is sometimes used to refer to ADS. Neither this announcement nor the information contained herein constitutes an offer or solicitation by J.P. Morgan for the purchase or sale of any securities nor does it constitute a solicitation to any person in any jurisdiction where solicitation would be unlawful. Information herein is believed to be reliable but J.P. Morgan does not warrant its completeness or accuracy. |
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