JPMorgan is expanding its Depositary Receipts (DR) staff in Asia and Latin America, anticipating growth in global and local DRs.The firm has also reported significant increases in DR trading volumes and values compared to the same period last year. JPMorgan's new DR specialists in Argentina, Brazil and Singapore will provide a full range of services to companies that want to have their equity traded on exchanges beyond their home markets.
The team includes three vice presidents: Bettina Garcia, who will head the local DR sales office in Buenos Aires and is also responsible for DR sales in Chile and Peru, Marcos Yokota, who will head local DR sales in Sao Paulo, and Sharon Tang, who will head the DR sales office in Singapore. "We are adding specialists in Argentina, Brazil and Singapore to deepen our global reach, strengthen our local presence and continue to expand our leadership in the DR industry", says Claudine Gallagher, global head of JPMorgan's Depositary Receipts business. "We anticipate an increase in DR issuances and stand ready with our market-leading investor relations and shareholder advisory services to provide companies with everything they need to launch a successful DR," she adds.